Legal & General Group Plc acquired a new position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 51,470 shares of the company's stock, valued at approximately $1,606,000. Legal & General Group Plc owned about 0.05% of National Beverage as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its holdings in shares of National Beverage by 958.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company's stock valued at $29,000 after acquiring an additional 815 shares during the last quarter. Allworth Financial LP bought a new position in shares of National Beverage in the 2nd quarter valued at approximately $34,000. Aster Capital Management DIFC Ltd lifted its holdings in National Beverage by 156.6% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,111 shares of the company's stock worth $35,000 after purchasing an additional 678 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in National Beverage in the 2nd quarter worth approximately $37,000. Finally, Jessup Wealth Management Inc acquired a new stake in National Beverage in the 4th quarter worth approximately $38,000. Institutional investors own 23.95% of the company's stock.
National Beverage Stock Performance
FIZZ stock opened at $32.24 on Monday. National Beverage Corp. has a 1-year low of $30.01 and a 1-year high of $41.56. The business's 50 day moving average is $31.88 and its 200-day moving average is $33.99. The firm has a market cap of $3.02 billion, a P/E ratio of 16.45 and a beta of 0.78.
National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its 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 firm had revenue of $297.12 million for the quarter, compared to analyst estimates of $294.81 million. National Beverage had a return on equity of 32.20% and a net margin of 15.56%.
National Beverage Announces Dividend
The business also recently announced a special dividend, which was paid on Thursday, July 30th. Shareholders of record on Monday, July 13th were paid a $3.25 dividend. The ex-dividend date of this dividend was Monday, July 13th.
Analyst Ratings Changes
A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of National Beverage from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, August 24th. UBS Group reissued a "sell" rating and set a $32.00 target price (down from $33.00) on shares of National Beverage in a research report on Friday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, National Beverage presently has an average rating of "Reduce" and a consensus price target of $32.00.
View Our Latest Analysis on FIZZ
National Beverage Company Profile
(
Free Report)
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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