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Bank of New York Mellon Corp Raises Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

National Beverage logo with Consumer Staples background

Bank of New York Mellon Corp lifted its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FIZZ. Covestor Ltd grew its stake in National Beverage by 14.3% during the 4th quarter. Covestor Ltd now owns 2,994 shares of the company's stock valued at $128,000 after purchasing an additional 375 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in National Beverage by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company's stock valued at $64,000 after purchasing an additional 415 shares during the last quarter. Golden State Wealth Management LLC grew its stake in National Beverage by 102.4% during the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company's stock valued at $34,000 after purchasing an additional 420 shares during the last quarter. Cetera Investment Advisers grew its stake in National Beverage by 8.1% during the 4th quarter. Cetera Investment Advisers now owns 5,661 shares of the company's stock valued at $242,000 after purchasing an additional 425 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in National Beverage by 3.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,353 shares of the company's stock valued at $570,000 after purchasing an additional 451 shares during the last quarter. 23.95% of the stock is owned by institutional investors and hedge funds.

National Beverage Stock Down 0.3%

Shares of FIZZ traded down $0.13 during mid-day trading on Friday, reaching $46.84. The company had a trading volume of 138,751 shares, compared to its average volume of 200,699. National Beverage Corp. has a 52-week low of $38.25 and a 52-week high of $50.51. The stock has a market capitalization of $4.39 billion, a P/E ratio of 23.42 and a beta of 0.81. The stock has a 50 day moving average of $45.13 and a two-hundred day moving average of $43.06.

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

Analysts Set New Price Targets

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

Read Our Latest Stock Analysis on FIZZ

National Beverage Profile

(Free Report)

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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Institutional Ownership by Quarter for National Beverage (NASDAQ:FIZZ)

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