Public Sector Pension Investment Board Has $3.08 Million Stock Holdings in National Beverage Corp. $FIZZ

Key Points

• The Public Sector Pension Investment Board increased its stake in National Beverage Corp. by 27.3%, owning approximately 0.08% of the company, valued at about $3.08 million.
• UBS Group raised their price target on National Beverage shares from $42.00 to $45.00 while maintaining a "sell" rating.
• National Beverage reported a quarterly earnings per share of $0.48, matching analyst expectations, with a revenue of $313.63 million for the quarter.

Public Sector Pension Investment Board increased its position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 74,173 shares of the company's stock after purchasing an additional 15,892 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.08% of National Beverage worth $3,081,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in National Beverage by 102.4% in the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock worth $34,000 after purchasing an additional 420 shares during the period. Lazard Asset Management LLC acquired a new position in National Beverage during the fourth quarter worth $52,000. Parallel Advisors LLC raised its stake in National Beverage by 307.6% during the first quarter. Parallel Advisors LLC now owns 1,333 shares of the company's stock worth $55,000 after acquiring an additional 1,006 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in National Beverage by 38.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock worth $64,000 after acquiring an additional 415 shares in the last quarter. Finally, CWM LLC raised its stake in National Beverage by 87.3% during the first quarter. CWM LLC now owns 1,549 shares of the company's stock worth $64,000 after acquiring an additional 722 shares in the last quarter. 23.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group increased their price objective on National Beverage from $42.00 to $45.00 and gave the stock a "sell" rating in a research note on Monday, July 7th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, National Beverage presently has a consensus rating of "Sell" and an average target price of $45.00.

National Beverage Price Performance

Shares of NASDAQ:FIZZ traded up $1.88 during midday trading on Friday, reaching $46.75. The company's stock had a trading volume of 183,478 shares, compared to its average volume of 143,527. National Beverage Corp. has a fifty-two week low of $38.25 and a fifty-two week high of $50.51. The company has a market capitalization of $4.38 billion, a P/E ratio of 23.38 and a beta of 0.82. The business's fifty day simple moving average is $45.40 and its 200-day simple moving average is $43.55.

National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share for the quarter, meeting analysts' consensus estimates of $0.48. National Beverage had a return on equity of 49.48% and a net margin of 15.55%.The company had revenue of $313.63 million during the quarter, compared to analyst estimates of $303.26 million. During the same period last year, the company posted $0.47 earnings per share.

About National Beverage

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.