Everence Capital Management Inc. bought a new position in National Beverage Corp. (NASDAQ:FIZZ – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,440 shares of the company’s stock, valued at approximately $208,000.
A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in National Beverage by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,769,994 shares of the company’s stock worth $131,464,000 after acquiring an additional 18,216 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in National Beverage by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company’s stock worth $58,680,000 after acquiring an additional 40,488 shares during the last quarter. Natixis Advisors LLC increased its stake in National Beverage by 0.7% during the second quarter. Natixis Advisors LLC now owns 385,397 shares of the company’s stock worth $19,748,000 after acquiring an additional 2,850 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in National Beverage by 13.7% during the second quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company’s stock worth $11,337,000 after acquiring an additional 26,729 shares during the last quarter. Finally, RK Asset Management LLC increased its stake in National Beverage by 0.4% during the third quarter. RK Asset Management LLC now owns 198,744 shares of the company’s stock worth $9,329,000 after acquiring an additional 739 shares during the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, UBS Group reduced their price objective on National Beverage from $46.00 to $45.00 and set a “sell” rating on the stock in a research note on Tuesday, September 10th.
National Beverage Price Performance
Shares of NASDAQ FIZZ opened at $45.64 on Wednesday. The business’s 50 day moving average is $45.57 and its two-hundred day moving average is $46.90. National Beverage Corp. has a 1-year low of $42.85 and a 1-year high of $53.58. The stock has a market capitalization of $4.27 billion, a P/E ratio of 23.17 and a beta of 0.82.
National Beverage (NASDAQ:FIZZ – Get Free Report) last released its earnings results on Thursday, September 5th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $329.47 million for the quarter. National Beverage had a return on equity of 39.91% and a net margin of 15.36%.
National Beverage Company 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.
Featured Stories
- Five stocks we like better than National Beverage
- How to Most Effectively Use the MarketBeat Earnings Screener
- How Verizon Could Offer Stress-Free Double-Digit Returns in 2025
- How to Calculate Options Profits
- Can Roche Challenge Lilly and Novo in the Weight Loss Market?
- 3 Monster Growth Stocks to Buy Now
- Roblox Stock: Key Metrics Surge, Is This the Perfect Entry?
Receive News & Ratings for National Beverage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Beverage and related companies with MarketBeat.com's FREE daily email newsletter.