Vanguard Group Inc. Acquires 54,148 Shares of National Beverage Corp. $FIZZ

Vanguard Group Inc. boosted its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,801,900 shares of the company’s stock after acquiring an additional 54,148 shares during the period. Vanguard Group Inc. owned about 2.99% of National Beverage worth $116,391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its holdings in National Beverage by 102.4% during the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company’s stock worth $34,000 after acquiring an additional 420 shares in the last quarter. Lazard Asset Management LLC bought a new position in National Beverage during the 4th quarter worth about $52,000. Parallel Advisors LLC grew its holdings in National Beverage by 307.6% during the 1st quarter. Parallel Advisors LLC now owns 1,333 shares of the company’s stock worth $55,000 after acquiring an additional 1,006 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in National Beverage by 38.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,499 shares of the company’s stock worth $64,000 after acquiring an additional 415 shares in the last quarter. Finally, CWM LLC grew its holdings in National Beverage by 87.3% during the 1st quarter. CWM LLC now owns 1,549 shares of the company’s stock worth $64,000 after acquiring an additional 722 shares in the last quarter. 23.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, UBS Group increased their target price on shares of National Beverage from $42.00 to $45.00 and gave the stock a “sell” rating in a report on Monday, July 7th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell” and a consensus target price of $45.00.

National Beverage Stock Performance

NASDAQ:FIZZ opened at $44.87 on Friday. National Beverage Corp. has a fifty-two week low of $38.25 and a fifty-two week high of $50.51. The stock has a market capitalization of $4.20 billion, a P/E ratio of 22.44 and a beta of 0.82. The company’s 50-day simple moving average is $45.36 and its 200-day simple moving average is $43.48.

National Beverage (NASDAQ:FIZZ) last released its quarterly 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 net margin of 15.55% and a return on equity of 49.48%. The business had revenue of $313.63 million for the quarter, compared to analysts’ expectations of $303.26 million. During the same period last year, the business earned $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.