Maryland State Retirement & Pension System Sells 1,070 Shares of National Beverage Corp. $FIZZ

Maryland State Retirement & Pension System reduced its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 13.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,830 shares of the company’s stock after selling 1,070 shares during the period. Maryland State Retirement & Pension System’s holdings in National Beverage were worth $284,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of FIZZ. Golden State Wealth Management LLC raised its holdings in shares of National Beverage by 102.4% in the first quarter. Golden State Wealth Management LLC now owns 830 shares of the company’s stock valued at $34,000 after purchasing an additional 420 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of National Beverage in the fourth quarter valued at approximately $52,000. Parallel Advisors LLC raised its holdings in shares of National Beverage by 307.6% in the first quarter. Parallel Advisors LLC now owns 1,333 shares of the company’s stock valued at $55,000 after purchasing an additional 1,006 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of National Beverage by 38.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company’s stock valued at $64,000 after purchasing an additional 415 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of National Beverage by 87.3% in the first quarter. CWM LLC now owns 1,549 shares of the company’s stock valued at $64,000 after purchasing an additional 722 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, UBS Group lifted their price objective on shares of National Beverage from $42.00 to $45.00 and gave the company a “sell” rating in a report on Monday, July 7th.

National Beverage Trading Down 0.8%

Shares of FIZZ opened at $44.41 on Tuesday. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 22.21 and a beta of 0.82. National Beverage Corp. has a 1-year low of $38.25 and a 1-year high of $50.51. The company’s fifty day simple moving average is $45.44 and its 200 day simple moving average is $43.44.

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

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.