Swiss National Bank reduced its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ – Free Report) by 10.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 50,300 shares of the company’s stock after selling 6,000 shares during the period. Swiss National Bank owned about 0.05% of National Beverage worth $2,652,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in FIZZ. HighTower Advisors LLC boosted its position in shares of National Beverage by 10.5% during the 1st quarter. HighTower Advisors LLC now owns 21,463 shares of the company’s stock valued at $935,000 after acquiring an additional 2,034 shares in the last quarter. Private Advisor Group LLC lifted its holdings in National Beverage by 15.0% during the 1st quarter. Private Advisor Group LLC now owns 10,705 shares of the company’s stock valued at $466,000 after purchasing an additional 1,394 shares during the last quarter. Citigroup Inc. lifted its holdings in National Beverage by 3.8% during the 1st quarter. Citigroup Inc. now owns 27,880 shares of the company’s stock valued at $1,213,000 after purchasing an additional 1,016 shares during the last quarter. Bank of Montreal Can lifted its holdings in National Beverage by 14.8% during the 1st quarter. Bank of Montreal Can now owns 7,023 shares of the company’s stock valued at $314,000 after purchasing an additional 906 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in National Beverage during the 1st quarter valued at about $1,061,000. 23.09% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com initiated coverage on shares of National Beverage in a report on Thursday, August 17th. They set a “hold” rating for the company.
National Beverage Stock Down 4.5 %
Shares of FIZZ stock opened at $49.01 on Tuesday. National Beverage Corp. has a 12-month low of $38.40 and a 12-month high of $55.60. The company has a market capitalization of $4.58 billion, a P/E ratio of 32.03 and a beta of 0.99. The firm has a 50-day moving average price of $51.51 and a 200 day moving average price of $50.40.
National Beverage (NASDAQ:FIZZ – Get Free Report) last announced its earnings results on Wednesday, June 28th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. National Beverage had a net margin of 12.12% and a return on equity of 44.75%. The company had revenue of $286.70 million during the quarter, compared to the consensus estimate of $291.30 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The company’s revenue was up .9% on a year-over-year basis.
About National Beverage
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.
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