Swiss National Bank Sells 600 Shares of National Beverage Corp. $FIZZ

Swiss National Bank cut its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 1.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,400 shares of the company’s stock after selling 600 shares during the period. Swiss National Bank’s holdings in National Beverage were worth $1,886,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in National Beverage by 2.0% in the first quarter. Vanguard Group Inc. now owns 2,801,900 shares of the company’s stock valued at $116,391,000 after acquiring an additional 54,148 shares in the last quarter. Alberta Investment Management Corp boosted its stake in National Beverage by 119.0% in the first quarter. Alberta Investment Management Corp now owns 33,500 shares of the company’s stock valued at $1,392,000 after acquiring an additional 18,200 shares in the last quarter. US Bancorp DE boosted its stake in National Beverage by 742.8% in the first quarter. US Bancorp DE now owns 4,315 shares of the company’s stock valued at $179,000 after acquiring an additional 3,803 shares in the last quarter. XTX Topco Ltd acquired a new stake in National Beverage in the first quarter valued at approximately $315,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in National Beverage in the first quarter valued at approximately $392,000. 23.95% of the stock is currently owned by institutional investors and hedge funds.

National Beverage Price Performance

Shares of National Beverage stock opened at $46.75 on Friday. The firm has a fifty day moving average price of $45.40 and a 200 day moving average price of $43.55. 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 $4.38 billion, a PE ratio of 23.38 and a beta of 0.82.

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

Analyst Upgrades and Downgrades

Separately, UBS Group raised their target price on shares of National Beverage from $42.00 to $45.00 and gave the company a “sell” rating in a research note on Monday, July 7th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell” and an average price target of $45.00.

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.