US Bancorp DE Has $179,000 Position in National Beverage Corp. (NASDAQ:FIZZ)

US Bancorp DE boosted its position in National Beverage Corp. (NASDAQ:FIZZ) by 742.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,315 shares of the company’s stock after purchasing an additional 3,803 shares during the quarter. US Bancorp DE’s holdings in National Beverage were worth $179,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in shares of National Beverage during the 1st quarter valued at $315,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of National Beverage in the first quarter valued at about $392,000. Gallacher Capital Management LLC acquired a new stake in shares of National Beverage in the first quarter valued at about $228,000. Denali Advisors LLC boosted its position in shares of National Beverage by 9.2% during the 1st quarter. Denali Advisors LLC now owns 163,400 shares of the company’s stock valued at $6,788,000 after purchasing an additional 13,780 shares in the last quarter. Finally, Financial Harvest LLC bought a new stake in shares of National Beverage during the 1st quarter valued at about $162,000. 23.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

National Beverage Stock Down 0.7%

Shares of FIZZ stock opened at $44.78 on Friday. The business has a 50-day moving average price of $45.48 and a two-hundred day moving average price of $43.41. National Beverage Corp. has a 12-month low of $38.25 and a 12-month high of $50.51. The firm has a market cap of $4.19 billion, a P/E ratio of 22.39 and a beta of 0.82.

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

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.