National Beverage Corp. $FIZZ Shares Acquired by Algert Global LLC

Algert Global LLC lifted its position in National Beverage Corp. (NASDAQ:FIZZ) by 71.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,537 shares of the company’s stock after purchasing an additional 91,784 shares during the period. Algert Global LLC owned about 0.23% of National Beverage worth $8,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of National Beverage by 8.1% during the 1st quarter. Royal Bank of Canada now owns 18,266 shares of the company’s stock worth $758,000 after acquiring an additional 1,363 shares in the last quarter. AQR Capital Management LLC boosted its position in National Beverage by 33.5% during the first quarter. AQR Capital Management LLC now owns 19,886 shares of the company’s stock worth $826,000 after purchasing an additional 4,990 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in National Beverage by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,973 shares of the company’s stock worth $580,000 after purchasing an additional 620 shares in the last quarter. Millennium Management LLC grew its holdings in National Beverage by 485.3% in the first quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock valued at $11,450,000 after purchasing an additional 228,553 shares during the period. Finally, Jane Street Group LLC grew its holdings in National Beverage by 12,294.9% in the first quarter. Jane Street Group LLC now owns 48,292 shares of the company’s stock valued at $2,006,000 after purchasing an additional 48,688 shares during the period. Hedge funds and other institutional investors own 23.95% of the company’s stock.

National Beverage Stock Performance

NASDAQ FIZZ opened at $34.76 on Tuesday. The stock’s fifty day moving average is $34.98 and its two-hundred day moving average is $35.26. The firm has a market capitalization of $3.25 billion, a P/E ratio of 17.29 and a beta of 0.75. National Beverage Corp. has a fifty-two week low of $31.21 and a fifty-two week high of $47.89.

National Beverage (NASDAQ:FIZZ) last issued its earnings results on Thursday, March 12th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.44. National Beverage had a return on equity of 36.00% and a net margin of 15.71%.The business had revenue of $264.59 million during the quarter, compared to the consensus estimate of $271.06 million.

Analyst Ratings Changes

Several brokerages have recently weighed in on FIZZ. UBS Group upped their target price on National Beverage from $34.00 to $35.00 and gave the stock a “sell” rating in a research note on Monday. Weiss Ratings reissued a “sell (d+)” rating on shares of National Beverage in a research note on Monday, December 29th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of “Sell” and a consensus target price 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.