Assenagon Asset Management S.A. Grows Position in National Beverage Corp. (NASDAQ:FIZZ)

Assenagon Asset Management S.A. lifted its position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 77.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 99,399 shares of the company's stock after acquiring an additional 43,349 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.11% of National Beverage worth $4,942,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Bessemer Group Inc. purchased a new stake in National Beverage in the 4th quarter worth approximately $25,000. Quarry LP purchased a new stake in National Beverage in the 2nd quarter worth approximately $28,000. Point72 Hong Kong Ltd lifted its position in National Beverage by 80.1% in the 2nd quarter. Point72 Hong Kong Ltd now owns 1,187 shares of the company's stock worth $58,000 after buying an additional 528 shares in the last quarter. Point72 Middle East FZE purchased a new stake in National Beverage in the 4th quarter worth approximately $66,000. Finally, State of Wyoming lifted its position in National Beverage by 38.7% in the 2nd quarter. State of Wyoming now owns 1,662 shares of the company's stock worth $80,000 after buying an additional 464 shares in the last quarter. Hedge funds and other institutional investors own 23.95% of the company's stock.

National Beverage Trading Up 4.2 %

FIZZ stock traded up $1.97 during midday trading on Monday, reaching $49.43. The company had a trading volume of 383,974 shares, compared to its average volume of 160,901. National Beverage Corp. has a 1 year low of $43.74 and a 1 year high of $55.12. The company has a market capitalization of $4.62 billion, a P/E ratio of 27.31 and a beta of 0.84. The company has a 50 day moving average of $48.62 and a two-hundred day moving average of $48.27.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its earnings results on Thursday, March 7th. The company reported $0.42 earnings per share (EPS) for the quarter. The company had revenue of $270.07 million during the quarter. National Beverage had a net margin of 14.34% and a return on equity of 38.23%.

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.