Universal Beteiligungs und Servicegesellschaft mbH Takes Position in National Beverage Corp. (NASDAQ:FIZZ)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 9,436 shares of National Beverage Corp., worth approximately $392,000, making it a new stakeholder in the company.
• National Beverage reported $0.48 earnings per share for the last quarter, meeting analysts' estimates, with revenue of $313.63 million, exceeding expectations of $303.26 million.
• Analysts at UBS Group have raised their target price for National Beverage's shares from $42.00 to $45.00, while maintaining a "sell" rating on the stock.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,436 shares of the company's stock, valued at approximately $392,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FIZZ. Bank of New York Mellon Corp boosted its holdings in shares of National Beverage by 6.5% during the 1st quarter. Bank of New York Mellon Corp now owns 214,656 shares of the company's stock valued at $8,917,000 after acquiring an additional 13,053 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of National Beverage during the first quarter valued at $7,302,000. Schroder Investment Management Group bought a new position in National Beverage in the fourth quarter worth about $608,000. GAMMA Investing LLC raised its holdings in National Beverage by 29.2% in the first quarter. GAMMA Investing LLC now owns 2,060 shares of the company's stock worth $86,000 after purchasing an additional 466 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of National Beverage by 55.9% during the fourth quarter. Deutsche Bank AG now owns 23,248 shares of the company's stock valued at $992,000 after acquiring an additional 8,332 shares in the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

National Beverage Stock Performance

Shares of FIZZ traded up $0.09 during midday trading on Thursday, hitting $46.28. The company had a trading volume of 76,161 shares, compared to its average volume of 185,274. National Beverage Corp. has a 1 year low of $38.25 and a 1 year high of $50.51. The firm has a market capitalization of $4.33 billion, a P/E ratio of 23.19 and a beta of 0.82. The company's 50-day simple moving average is $45.43 and its 200-day simple moving average is $43.24.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its earnings results on Wednesday, July 2nd. The company reported $0.48 earnings per share (EPS) 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 business had revenue of $313.63 million for the quarter, compared to analyst estimates of $303.26 million. During the same quarter in the previous year, the company posted $0.47 earnings per share.

Analyst Ratings Changes

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

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.