National Beverage Corp. (NASDAQ:FIZZ) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 214,656 shares of the company's stock after acquiring an additional 13,053 shares during the period. Bank of New York Mellon Corp owned 0.23% of National Beverage worth $8,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its holdings in shares of National Beverage by 2.4% during the first quarter. Principal Financial Group Inc. now owns 116,874 shares of the company's stock valued at $4,855,000 after acquiring an additional 2,684 shares during the period. Teacher Retirement System of Texas raised its holdings in shares of National Beverage by 99.2% during the first quarter. Teacher Retirement System of Texas now owns 101,627 shares of the company's stock valued at $4,222,000 after acquiring an additional 50,605 shares during the period. Diversified Trust Co acquired a new stake in shares of National Beverage during the first quarter valued at approximately $212,000. Golden State Wealth Management LLC raised its holdings in shares of National Beverage by 102.4% during the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock valued at $34,000 after acquiring an additional 420 shares during the period. Finally, Exchange Traded Concepts LLC raised its holdings in shares of National Beverage by 12.1% during the first quarter. Exchange Traded Concepts LLC now owns 44,328 shares of the company's stock valued at $1,841,000 after acquiring an additional 4,769 shares during the period. 23.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, UBS Group upped their price objective on shares of National Beverage from $42.00 to $45.00 and gave the company a "sell" rating in a research note on Monday, July 7th.

National Beverage Stock Up 0.5%

Shares of FIZZ opened at $46.54 on Tuesday. The company's fifty day moving average is $44.87 and its 200-day moving average is $42.94. National Beverage Corp. has a 12 month low of $38.25 and a 12 month high of $51.00. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 23.27 and a beta of 0.81.

National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its quarterly earnings data on Wednesday, July 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. The business had revenue of $313.63 million during the quarter, compared to the consensus estimate of $303.26 million. During the same period in the prior year, the firm earned $0.47 EPS.

National Beverage Profile

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.

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