National Beverage Corp. $FIZZ Shares Purchased by Teacher Retirement System of Texas

Key Points

• Teacher Retirement System of Texas boosted its stake in National Beverage by 46.6% in Q4, adding 54,877 shares to hold 172,570 shares worth about $5.50 million (≈0.18% of the company).
• Other institutions also raised positions—most notably Millennium Management (up 485.3% to 275,644 shares, ~$11.45M) and Jane Street—with institutional ownership totaling ~23.95%.
• Fundamentals and sentiment: FIZZ has a market cap of $3.2B and a PE of 17.02; the company reported EPS of $0.44 (in line) but revenue of $264.6M (below estimates), and analysts’ consensus is a "Sell" with an average target of $35.

Teacher Retirement System of Texas lifted its position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 46.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,570 shares of the company's stock after acquiring an additional 54,877 shares during the period. Teacher Retirement System of Texas owned 0.18% of National Beverage worth $5,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in FIZZ. Royal Bank of Canada boosted its stake in shares of National Beverage by 8.1% in the first quarter. Royal Bank of Canada now owns 18,266 shares of the company's stock worth $758,000 after acquiring an additional 1,363 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of National Beverage by 33.5% in the first quarter. AQR Capital Management LLC now owns 19,886 shares of the company's stock worth $826,000 after acquiring an additional 4,990 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of National Beverage by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company's stock worth $580,000 after acquiring an additional 620 shares during the last quarter. Millennium Management LLC lifted its position 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 buying an additional 228,553 shares in the last quarter. Finally, Jane Street Group LLC lifted its position in National Beverage by 12,294.9% during the first quarter. Jane Street Group LLC now owns 48,292 shares of the company's stock worth $2,006,000 after buying an additional 48,688 shares in the last quarter. 23.95% of the stock is owned by institutional investors and hedge funds.

National Beverage Stock Performance

FIZZ stock opened at $34.20 on Monday. The company has a market capitalization of $3.20 billion, a PE ratio of 17.02 and a beta of 0.77. National Beverage Corp. has a 12-month low of $31.21 and a 12-month high of $47.89. The business's fifty day moving average price is $34.95 and its 200 day moving average price is $34.31.

National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its quarterly earnings data on Thursday, March 12th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44. The firm had revenue of $264.59 million for the quarter, compared to the consensus estimate of $271.06 million. National Beverage had a return on equity of 36.00% and a net margin of 15.71%.

Wall Street Analyst Weigh In

FIZZ has been the topic of a number of analyst reports. Weiss Ratings reiterated a "sell (d+)" rating on shares of National Beverage in a research report on Friday, March 27th. UBS Group lifted their price objective on National Beverage from $34.00 to $35.00 and gave the stock a "sell" rating in a research report on Monday, March 16th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Sell" and an average target price of $35.00.

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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