National Beverage Corp. (NASDAQ:FIZZ) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 6.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,656 shares of the company’s stock after purchasing an additional 13,053 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.23% of National Beverage worth $8,917,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in National Beverage by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 2,747,752 shares of the company’s stock valued at $117,247,000 after buying an additional 31,062 shares during the period. Dimensional Fund Advisors LP grew its holdings in National Beverage by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,248,681 shares of the company’s stock valued at $53,281,000 after buying an additional 32,003 shares during the period. Geode Capital Management LLC grew its holdings in National Beverage by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 721,810 shares of the company’s stock valued at $30,805,000 after buying an additional 15,734 shares during the period. Northern Trust Corp grew its holdings in National Beverage by 10.6% in the 4th quarter. Northern Trust Corp now owns 295,028 shares of the company’s stock valued at $12,589,000 after buying an additional 28,186 shares during the period. Finally, Norges Bank purchased a new stake in National Beverage in the 4th quarter valued at about $9,718,000. Hedge funds and other institutional investors own 23.95% of the company’s stock.

National Beverage Stock Up 0.5%

Shares of FIZZ stock opened at $46.54 on Tuesday. The stock has a 50-day simple moving average of $44.87 and a 200 day simple moving average of $42.94. National Beverage Corp. has a fifty-two week low of $38.25 and a fifty-two week high of $51.00. The stock has a market capitalization of $4.36 billion, a P/E ratio of 23.27 and a beta of 0.81.

National Beverage (NASDAQ:FIZZ) last announced its earnings results on Wednesday, July 2nd. The company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. National Beverage had a return on equity of 49.48% and a net margin of 15.55%. The business had revenue of $313.63 million during the quarter, compared to the consensus estimate of $303.26 million. During the same period in the prior year, the business posted $0.47 earnings per share.

Wall Street Analyst Weigh In

Separately, UBS Group boosted their price target on National Beverage from $42.00 to $45.00 and gave the stock a “sell” rating in a research report on Monday, July 7th.

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.