Bank of New York Mellon Corp Has $13.72 Million Stake in National Beverage Corp. (NASDAQ:FIZZ)

Bank of New York Mellon Corp reduced its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 5.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,163 shares of the company’s stock after selling 15,320 shares during the quarter. Bank of New York Mellon Corp owned 0.28% of National Beverage worth $13,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Linden Thomas Advisory Services LLC lifted its holdings in National Beverage by 2.4% during the 1st quarter. Linden Thomas Advisory Services LLC now owns 29,006 shares of the company’s stock valued at $1,529,000 after purchasing an additional 688 shares during the last quarter. Arizona State Retirement System raised its stake in shares of National Beverage by 3.8% in the fourth quarter. Arizona State Retirement System now owns 6,584 shares of the company’s stock valued at $306,000 after acquiring an additional 243 shares during the last quarter. DAVENPORT & Co LLC boosted its holdings in shares of National Beverage by 4.5% in the 1st quarter. DAVENPORT & Co LLC now owns 25,933 shares of the company’s stock worth $1,367,000 after acquiring an additional 1,128 shares in the last quarter. Truist Financial Corp grew its position in National Beverage by 0.9% during the 1st quarter. Truist Financial Corp now owns 43,030 shares of the company’s stock worth $2,269,000 after acquiring an additional 384 shares during the last quarter. Finally, GSA Capital Partners LLP increased its holdings in National Beverage by 11.4% during the 4th quarter. GSA Capital Partners LLP now owns 9,716 shares of the company’s stock valued at $452,000 after purchasing an additional 997 shares in the last quarter. 23.09% of the stock is owned by institutional investors.

National Beverage Trading Up 1.0 %

Shares of FIZZ stock opened at $52.21 on Thursday. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 34.12 and a beta of 0.99. The firm’s 50 day moving average is $51.50 and its 200-day moving average is $50.28. National Beverage Corp. has a 1 year low of $38.40 and a 1 year high of $56.71.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Wednesday, June 28th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. The firm had revenue of $286.70 million for the quarter, compared to the consensus estimate of $291.30 million. National Beverage had a return on equity of 44.75% and a net margin of 12.12%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.36 EPS.

Analyst Ratings Changes

Separately, StockNews.com started coverage on National Beverage in a research note on Thursday, August 17th. They issued a “hold” rating on the stock.

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.