Invesco Ltd. Boosts Stake in National Beverage Corp. $FIZZ

Invesco Ltd. raised its position in National Beverage Corp. (NASDAQ:FIZZ) by 36.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,300 shares of the company’s stock after purchasing an additional 58,670 shares during the quarter. Invesco Ltd. owned 0.23% of National Beverage worth $9,068,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Covestor Ltd increased its position in shares of National Beverage by 14.3% during the first quarter. Covestor Ltd now owns 3,421 shares of the company’s stock worth $142,000 after acquiring an additional 427 shares during the period. 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. Finally, XTX Topco Ltd acquired a new stake in National Beverage in the first quarter valued at approximately $315,000. 23.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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.com, the company presently has an average rating of “Sell” and a consensus price target of $45.00.

National Beverage Trading Up 4.2%

NASDAQ:FIZZ opened at $46.75 on Monday. National Beverage Corp. has a 12 month low of $38.25 and a 12 month high of $50.51. The firm has a fifty day simple moving average of $45.40 and a 200-day simple moving average of $43.57. The company has a market capitalization of $4.38 billion, a P/E ratio of 23.38 and a beta of 0.82.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Wednesday, July 2nd. The company reported $0.48 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 business 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 posted $0.47 earnings per share.

National Beverage Company 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.