Assenagon Asset Management S.A. Raises Stock Position in National Beverage Corp. $FIZZ

Assenagon Asset Management S.A. boosted its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 56.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,624 shares of the company’s stock after purchasing an additional 23,071 shares during the period. Assenagon Asset Management S.A. owned about 0.07% of National Beverage worth $2,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in FIZZ. Hantz Financial Services Inc. raised its stake in shares of National Beverage by 366.8% during the 3rd quarter. Hantz Financial Services Inc. now owns 859 shares of the company’s stock valued at $32,000 after buying an additional 675 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of National Beverage in the third quarter worth about $33,000. Osaic Holdings Inc. boosted its stake in shares of National Beverage by 72.5% in the second quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock worth $44,000 after buying an additional 428 shares during the last quarter. Advisory Services Network LLC acquired a new stake in National Beverage during the third quarter worth about $39,000. Finally, Brown Brothers Harriman & Co. grew its holdings in National Beverage by 213.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock worth $39,000 after acquiring an additional 726 shares during the period. 23.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of National Beverage in a report on Friday. UBS Group raised their price objective on shares of National Beverage from $34.00 to $35.00 and gave the stock a “sell” rating in a research note on Monday, March 16th. Two analysts have rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell” and a consensus price target of $35.00.

National Beverage Stock Up 1.6%

FIZZ stock opened at $33.80 on Tuesday. National Beverage Corp. has a 52-week low of $31.21 and a 52-week high of $47.89. The firm has a market cap of $3.16 billion, a P/E ratio of 16.82 and a beta of 0.75. The company’s 50-day simple moving average is $35.15 and its 200-day simple moving average is $34.79.

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

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.