Assenagon Asset Management S.A. Has $1.50 Million Position in National Beverage Corp. $FIZZ

Assenagon Asset Management S.A. increased its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 88.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,553 shares of the company’s stock after purchasing an additional 18,979 shares during the period. Assenagon Asset Management S.A.’s holdings in National Beverage were worth $1,497,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in National Beverage during the 2nd quarter worth approximately $10,419,000. Millennium Management LLC raised its holdings in shares of National Beverage by 485.3% during the first quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock worth $11,450,000 after acquiring an additional 228,553 shares during the period. Nuveen LLC acquired a new stake in shares of National Beverage during the first quarter worth $2,773,000. Jacobs Levy Equity Management Inc. bought a new stake in National Beverage in the 1st quarter valued at $2,504,000. Finally, Jane Street Group LLC boosted its stake in National Beverage by 12,294.9% in the 1st quarter. Jane Street Group LLC now owns 48,292 shares of the company’s stock worth $2,006,000 after purchasing an additional 48,688 shares during the period. 23.95% of the stock is owned by institutional investors.

National Beverage Price Performance

Shares of NASDAQ:FIZZ opened at $32.25 on Thursday. The company’s 50-day moving average price is $33.97 and its two-hundred day moving average price is $39.66. National Beverage Corp. has a one year low of $31.71 and a one year high of $47.89. The stock has a market capitalization of $3.02 billion, a PE ratio of 16.20 and a beta of 0.52.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, December 11th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.03). National Beverage had a net margin of 15.55% and a return on equity of 39.29%. The company had revenue of $288.33 million during the quarter, compared to analyst estimates of $292.66 million.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on FIZZ shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of National Beverage in a report on Monday. UBS Group set a $35.00 price objective on National Beverage and gave the stock a “sell” rating in a report on Friday, December 5th. Two research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell” and an average target price of $35.00.

National Beverage Profile

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.