Envestnet Asset Management Inc. Has $5.86 Million Stock Holdings in National Beverage Corp. $FIZZ

Envestnet Asset Management Inc. reduced its stake in National Beverage Corp. (NASDAQ:FIZZ) by 15.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 158,694 shares of the company’s stock after selling 28,176 shares during the period. Envestnet Asset Management Inc. owned 0.17% of National Beverage worth $5,859,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of National Beverage in the 3rd quarter worth $1,100,000. Geode Capital Management LLC increased its stake in National Beverage by 3.2% during the 2nd quarter. Geode Capital Management LLC now owns 779,290 shares of the company’s stock valued at $33,700,000 after purchasing an additional 23,987 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in National Beverage by 86.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 9,958 shares of the company’s stock worth $431,000 after buying an additional 4,631 shares during the last quarter. Norges Bank bought a new position in shares of National Beverage in the second quarter valued at $10,419,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of National Beverage by 88.0% in the third quarter. Assenagon Asset Management S.A. now owns 40,553 shares of the company’s stock valued at $1,497,000 after buying an additional 18,979 shares in the last quarter. Institutional investors own 23.95% of the company’s stock.

National Beverage Price Performance

FIZZ opened at $37.01 on Friday. National Beverage Corp. has a fifty-two week low of $31.21 and a fifty-two week high of $47.89. The firm has a market capitalization of $3.47 billion, a P/E ratio of 18.60 and a beta of 0.72. The company’s 50-day moving average is $33.75 and its 200 day moving average is $36.31.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data 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 return on equity of 39.29% and a net margin of 15.55%.The firm had revenue of $288.33 million during the quarter, compared to the consensus estimate of $292.66 million.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of National Beverage in a research report on Monday, December 29th. UBS Group set a $35.00 price target on National Beverage and gave the company a “sell” rating in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, National Beverage has a consensus rating of “Sell” and an average price target of $35.00.

About National Beverage

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.