Deutsche Bank AG Trims Position in National Beverage Corp. $FIZZ

Deutsche Bank AG lowered its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 8.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,186 shares of the company’s stock after selling 2,062 shares during the period. Deutsche Bank AG’s holdings in National Beverage were worth $880,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in National Beverage in the 4th quarter worth about $631,000. Barclays PLC boosted its position in shares of National Beverage by 4.5% in the fourth quarter. Barclays PLC now owns 43,702 shares of the company’s stock worth $1,866,000 after acquiring an additional 1,892 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of National Beverage in the fourth quarter worth approximately $277,000. Dimensional Fund Advisors LP grew its holdings in National Beverage by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,248,681 shares of the company’s stock valued at $53,281,000 after purchasing an additional 32,003 shares during the period. Finally, MetLife Investment Management LLC increased its position in National Beverage by 8.6% during the fourth quarter. MetLife Investment Management LLC now owns 14,310 shares of the company’s stock worth $611,000 after purchasing an additional 1,133 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

National Beverage Stock Performance

FIZZ opened at $46.75 on Monday. National Beverage Corp. has a 1 year low of $38.25 and a 1 year high of $50.51. The firm has a 50 day moving average price of $45.40 and a 200 day moving average price of $43.57. The company 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 released its quarterly earnings data 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 company had revenue of $313.63 million during the quarter, compared to the consensus estimate of $303.26 million. During the same period in the previous year, the firm earned $0.47 earnings per share.

Analyst Upgrades and Downgrades

Separately, UBS Group lifted their price target 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. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell” and a consensus price target of $45.00.

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.