PNC Financial Services Group Inc. Sells 330 Shares of National Beverage Corp. $FIZZ

PNC Financial Services Group Inc. lessened its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 8.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,576 shares of the company’s stock after selling 330 shares during the period. PNC Financial Services Group Inc.’s holdings in National Beverage were worth $149,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Alberta Investment Management Corp raised its position in shares of National Beverage by 119.0% during the first quarter. Alberta Investment Management Corp now owns 33,500 shares of the company’s stock valued at $1,392,000 after buying an additional 18,200 shares during the last quarter. US Bancorp DE raised its holdings in shares of National Beverage by 742.8% during the 1st quarter. US Bancorp DE now owns 4,315 shares of the company’s stock worth $179,000 after acquiring an additional 3,803 shares in the last quarter. XTX Topco Ltd bought a new position in shares of National Beverage during the 1st quarter valued at approximately $315,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in National Beverage during the first quarter valued at $392,000. Finally, Gallacher Capital Management LLC bought a new stake in shares of National Beverage in the 1st quarter worth about $228,000. Hedge funds and other institutional investors own 23.95% of the company’s stock.

National Beverage Price Performance

National Beverage stock opened at $44.41 on Tuesday. National Beverage Corp. has a 1 year low of $38.25 and a 1 year high of $50.51. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 22.21 and a beta of 0.82. The firm has a 50-day moving average of $45.44 and a two-hundred day moving average of $43.44.

National Beverage (NASDAQ:FIZZ) last posted its earnings results on Wednesday, July 2nd. The company reported $0.48 EPS for the quarter, meeting 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 quarter last year, the firm posted $0.47 EPS.

Analyst Upgrades and Downgrades

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

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.