Jefferies Financial Group Inc. Acquires New Shares in National Beverage Corp. $FIZZ

Key Points

• Jefferies Financial Group acquired 50,368 National Beverage shares worth approximately $1.57 million, representing about 0.05% of the company. Institutional investors collectively own 23.95% of FIZZ.
• Analyst sentiment remains cautious: UBS maintained a “sell” rating and lowered its price target to $33, while the average rating is “Reduce” with a $33 target.
• National Beverage reported quarterly EPS of $0.43, below the $0.47 consensus estimate, though revenue of $297.12 million exceeded expectations. The company also paid a special $3.25-per-share dividend.

Jefferies Financial Group Inc. acquired a new position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 50,368 shares of the company's stock, valued at approximately $1,571,000. Jefferies Financial Group Inc. owned approximately 0.05% of National Beverage as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rockefeller Capital Management L.P. grew its stake in shares of National Beverage by 958.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company's stock worth $29,000 after acquiring an additional 815 shares during the period. Allworth Financial LP purchased a new stake in National Beverage in the second quarter worth approximately $34,000. Aster Capital Management DIFC Ltd raised its stake in National Beverage by 156.6% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,111 shares of the company's stock valued at $35,000 after buying an additional 678 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of National Beverage during the 2nd quarter valued at $37,000. Finally, Jessup Wealth Management Inc bought a new position in shares of National Beverage during the 4th quarter valued at $38,000. Institutional investors own 23.95% of the company's stock.

Analysts Set New Price Targets

FIZZ has been the topic of several research reports. UBS Group reissued a "sell" rating and issued a $33.00 target price (down from $35.00) on shares of National Beverage in a research report on Friday, June 26th. Weiss Ratings raised shares of National Beverage from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $33.00.

National Beverage Stock Up 0.3%

Shares of National Beverage stock opened at $32.58 on Friday. National Beverage Corp. has a twelve month low of $30.01 and a twelve month high of $42.61. The business has a 50-day moving average price of $32.03 and a 200-day moving average price of $34.13. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 16.62 and a beta of 0.78.

National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.04). National Beverage had a return on equity of 32.20% and a net margin of 15.56%.The firm had revenue of $297.12 million for the quarter, compared to analysts' expectations of $294.81 million.

National Beverage Dividend Announcement

The business also recently declared a special dividend, which was paid on Thursday, July 30th. Investors of record on Monday, July 13th were given a $3.25 dividend. The ex-dividend date was Monday, July 13th.

About National Beverage

National Beverage Corp. NASDAQ: FIZZ is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company's portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.

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