National Beverage Corp. (FIZZ) Position Lifted by Strs Ohio

Strs Ohio increased its position in National Beverage Corp. (NASDAQ:FIZZ) by 12.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,200 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Strs Ohio’s holdings in National Beverage were worth $896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in FIZZ. Vanguard Group Inc. raised its holdings in National Beverage by 20.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,095,263 shares of the company’s stock worth $102,472,000 after acquiring an additional 184,592 shares during the period. FMR LLC raised its holdings in National Beverage by 20.0% in the 2nd quarter. FMR LLC now owns 940,821 shares of the company’s stock worth $88,023,000 after acquiring an additional 156,515 shares during the period. Goldman Sachs Group Inc. raised its holdings in National Beverage by 806.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 94,579 shares of the company’s stock worth $8,849,000 after acquiring an additional 84,150 shares during the period. Bank of Nova Scotia bought a new position in National Beverage in the 2nd quarter worth $6,099,000. Finally, Prudential Financial Inc. raised its holdings in National Beverage by 69.5% in the 3rd quarter. Prudential Financial Inc. now owns 119,349 shares of the company’s stock worth $14,805,000 after acquiring an additional 48,920 shares during the period. Hedge funds and other institutional investors own 21.28% of the company’s stock.

National Beverage Corp. (NASDAQ:FIZZ) opened at $101.28 on Wednesday. National Beverage Corp. has a twelve month low of $53.64 and a twelve month high of $129.82. The stock has a market cap of $4,882.83, a PE ratio of 38.95 and a beta of 0.72.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, December 7th. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.04. National Beverage had a net margin of 13.80% and a return on equity of 54.30%. The company had revenue of $244.10 million for the quarter, compared to the consensus estimate of $239.11 million. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue was up 20.1% compared to the same quarter last year.

Several research analysts recently commented on FIZZ shares. Credit Suisse Group reiterated a “sell” rating on shares of National Beverage in a report on Friday, December 8th. BidaskClub upgraded shares of National Beverage from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Susquehanna Bancshares restated a “buy” rating and set a $173.00 price objective on shares of National Beverage in a report on Thursday, January 25th. Finally, UBS Group upgraded shares of National Beverage from a “neutral” rating to a “positive” rating in a report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. National Beverage presently has a consensus rating of “Hold” and an average price target of $98.33.

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About National Beverage

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.

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

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