Landscape Capital Management L.L.C. Invests $3.60 Million in National Beverage Corp. $FIZZ

Key Points

• Landscape Capital Management acquired 115,280 shares of National Beverage, valued at approximately $3.60 million, giving it a 0.12% stake. Institutional investors and hedge funds collectively own 23.95% of FIZZ.
• National Beverage reported quarterly EPS of $0.43, below the $0.47 consensus estimate, while revenue of $297.12 million exceeded expectations. The company also paid a special dividend of $3.25 per share.
• FIZZ shares opened at $32.37, near the lower end of their 12-month range, and analysts maintain a consensus “Sell” rating with a $33.00 price target.

Landscape Capital Management L.L.C. acquired a new stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 115,280 shares of the company's stock, valued at approximately $3,597,000. Landscape Capital Management L.L.C. owned approximately 0.12% of National Beverage at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in National Beverage during the 2nd quarter worth about $133,087,000. Norges Bank acquired a new position in National Beverage in the 4th quarter valued at about $8,355,000. Millennium Management LLC increased its stake in National Beverage by 485.3% during the first quarter. Millennium Management LLC now owns 275,644 shares of the company's stock worth $11,450,000 after purchasing an additional 228,553 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of National Beverage during the second quarter worth about $5,571,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of National Beverage by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,582,865 shares of the company's stock valued at $53,265,000 after purchasing an additional 138,433 shares during the period. 23.95% of the stock is owned by institutional investors and hedge funds.

National Beverage Price Performance

FIZZ opened at $32.37 on Friday. National Beverage Corp. has a 12 month low of $30.01 and a 12 month high of $46.92. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 16.52 and a beta of 0.78. The business has a fifty day moving average price of $32.38 and a 200 day moving average price of $34.21.

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

National Beverage Announces Dividend

The company also recently announced a special dividend, which was paid on Thursday, July 30th. Investors of record on Monday, July 13th were paid a dividend of $3.25 per share. The ex-dividend date was Monday, July 13th.

Analyst Ratings Changes

A number of brokerages recently weighed in on FIZZ. UBS Group restated a "sell" rating and issued a $33.00 price objective (down from $35.00) on shares of National Beverage in a report on Friday, June 26th. Weiss Ratings reiterated a "sell (d+)" rating on shares of National Beverage in a report on Wednesday, June 24th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, National Beverage has a consensus rating of "Sell" and a consensus target price of $33.00.

National Beverage Profile

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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