Mutual of America Capital Management LLC Invests $436,000 in National Beverage Corp. (FIZZ) Stock

Mutual of America Capital Management LLC bought a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,663 shares of the company’s stock, valued at approximately $436,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of FIZZ. Wells Fargo & Company MN increased its holdings in National Beverage Corp. by 2,488.3% during the second quarter. Wells Fargo & Company MN now owns 466,907 shares of the company’s stock worth $43,684,000 after buying an additional 448,868 shares during the last quarter. Federated Investors Inc. PA increased its holdings in National Beverage Corp. by 438.5% during the second quarter. Federated Investors Inc. PA now owns 85,207 shares of the company’s stock worth $7,972,000 after buying an additional 69,385 shares during the last quarter. Acadian Asset Management LLC increased its holdings in National Beverage Corp. by 41.2% during the second quarter. Acadian Asset Management LLC now owns 216,518 shares of the company’s stock worth $20,258,000 after buying an additional 63,124 shares during the last quarter. Emerald Advisers Inc. PA acquired a new position in National Beverage Corp. during the second quarter worth $5,763,000. Finally, Nationwide Fund Advisors increased its holdings in National Beverage Corp. by 762.7% during the second quarter. Nationwide Fund Advisors now owns 57,936 shares of the company’s stock worth $5,420,000 after buying an additional 51,220 shares during the last quarter. Institutional investors and hedge funds own 21.81% of the company’s stock.

FIZZ has been the topic of a number of recent analyst reports. Maxim Group restated a “sell” rating and set a $40.00 target price (up from $33.00) on shares of National Beverage Corp. in a report on Friday, September 8th. Susquehanna Bancshares Inc initiated coverage on shares of National Beverage Corp. in a report on Tuesday, October 3rd. They set a “neutral” rating and a $135.00 target price on the stock. Finally, Credit Suisse Group downgraded shares of National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 target price on the stock. in a report on Friday, July 21st.

COPYRIGHT VIOLATION NOTICE: “Mutual of America Capital Management LLC Invests $436,000 in National Beverage Corp. (FIZZ) Stock” was originally reported by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this story on another site, it was stolen and republished in violation of international copyright and trademark law. The legal version of this story can be viewed at https://sportsperspectives.com/2017/10/11/mutual-of-america-capital-management-llc-invests-436000-in-national-beverage-corp-fizz-stock.html.

National Beverage Corp. (NASDAQ:FIZZ) opened at 112.26 on Wednesday. The company’s 50-day moving average is $117.26 and its 200-day moving average is $99.96. National Beverage Corp. has a one year low of $44.21 and a one year high of $129.82. The firm has a market capitalization of $5.23 billion, a P/E ratio of 45.07 and a beta of 0.59.

National Beverage Corp. (NASDAQ:FIZZ) last released its quarterly earnings results on Thursday, September 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. National Beverage Corp. had a return on equity of 49.70% and a net margin of 13.38%. The business had revenue of $259.83 million during the quarter. Equities analysts forecast that National Beverage Corp. will post $2.91 earnings per share for the current fiscal year.

About National Beverage Corp.

National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.

Want to see what other hedge funds are holding FIZZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Beverage Corp. (NASDAQ:FIZZ).

Institutional Ownership by Quarter for National Beverage Corp. (NASDAQ:FIZZ)

Receive News & Ratings for National Beverage Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Beverage Corp. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply