Diversified Trust Co Buys 888 Shares of National Beverage Corp. $FIZZ

Diversified Trust Co raised its stake in National Beverage Corp. (NASDAQ:FIZZ) by 17.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,000 shares of the company’s stock after acquiring an additional 888 shares during the period. Diversified Trust Co’s holdings in National Beverage were worth $259,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FIZZ. Millennium Management LLC increased its position in shares of National Beverage by 485.3% during the 1st quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock worth $11,450,000 after purchasing an additional 228,553 shares in the last quarter. Edgestream Partners L.P. bought a new stake in National Beverage during the first quarter worth about $7,302,000. GAMMA Investing LLC grew its stake in National Beverage by 5,268.4% during the first quarter. GAMMA Investing LLC now owns 85,572 shares of the company’s stock worth $3,555,000 after buying an additional 83,978 shares during the last quarter. Nuveen LLC bought a new stake in National Beverage during the first quarter worth about $2,773,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in National Beverage during the first quarter worth about $2,504,000. 23.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their price target on National Beverage from $40.00 to $39.00 and set a “sell” rating on the stock in a research report on Monday, September 15th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell” and a consensus target price of $39.00.

National Beverage Price Performance

FIZZ opened at $36.71 on Thursday. National Beverage Corp. has a one year low of $36.59 and a one year high of $50.51. The company’s 50 day simple moving average is $43.33 and its 200-day simple moving average is $43.50. The stock has a market capitalization of $3.44 billion, a P/E ratio of 18.45 and a beta of 0.72.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings results on Thursday, September 11th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate of $0.60. The business had revenue of $330.52 million for the quarter, compared to analysts’ expectations of $354.18 million. National Beverage had a net margin of 15.45% and a return on equity of 43.51%.

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.