Allspring Global Investments Holdings LLC Buys 15,395 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Allspring Global Investments Holdings LLC grew its stake in shares of National Beverage Corp. (NASDAQ:FIZZGet Rating) by 276.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,970 shares of the company’s stock after acquiring an additional 15,395 shares during the period. Allspring Global Investments Holdings LLC’s holdings in National Beverage were worth $808,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of FIZZ. Goldman Sachs Group Inc. raised its stake in shares of National Beverage by 50.0% during the second quarter. Goldman Sachs Group Inc. now owns 191,751 shares of the company’s stock valued at $9,384,000 after acquiring an additional 63,947 shares in the last quarter. Renaissance Technologies LLC raised its stake in National Beverage by 1.3% in the second quarter. Renaissance Technologies LLC now owns 4,147,644 shares of the company’s stock worth $202,986,000 after buying an additional 54,100 shares in the last quarter. Natixis Advisors L.P. raised its stake in National Beverage by 9.7% in the second quarter. Natixis Advisors L.P. now owns 411,428 shares of the company’s stock worth $20,135,000 after buying an additional 36,366 shares in the last quarter. JPMorgan Chase & Co. raised its stake in National Beverage by 110.9% in the second quarter. JPMorgan Chase & Co. now owns 68,651 shares of the company’s stock worth $3,360,000 after buying an additional 36,093 shares in the last quarter. Finally, Toroso Investments LLC bought a new position in National Beverage in the first quarter worth approximately $1,532,000. Institutional investors own 23.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on FIZZ shares. StockNews.com downgraded shares of National Beverage from a “buy” rating to a “hold” rating in a research note on Monday, January 9th. Jefferies Financial Group lowered shares of National Beverage from a “hold” rating to an “underperform” rating and cut their price target for the stock from $42.00 to $38.00 in a report on Wednesday, January 4th.

National Beverage Trading Up 1.3 %

NASDAQ FIZZ opened at $42.83 on Monday. The firm’s fifty day simple moving average is $48.28 and its two-hundred day simple moving average is $48.08. National Beverage Corp. has a 12-month low of $38.10 and a 12-month high of $57.65. The firm has a market capitalization of $4.00 billion, a P/E ratio of 29.34 and a beta of 1.10.

National Beverage Company Profile

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National Beverage Corp. engages in the development, manufacture, market, and sale of flavored beverage products. Its brands include Big Shot, Clear Fruit, Crystal Bay, Everfresh, Everfresh Premier Varietals, Faygo, LaCroix, LaCroix C├║rate, Mr.Pure, Nicola, Ohana, Ritz, Rip It, Rip It 2oz Shot, Ritz and Shasta.

Further Reading

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

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