MERIAN GLOBAL INVESTORS UK Ltd lowered its position in shares of National Beverage Corp. (NASDAQ:FIZZ) by 57.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 238,841 shares of the company’s stock after selling 318,366 shares during the quarter. MERIAN GLOBAL INVESTORS UK Ltd owned approximately 0.51% of National Beverage worth $27,853,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. FMR LLC acquired a new position in shares of National Beverage during the second quarter valued at approximately $15,602,000. Pennsylvania Trust Co raised its holdings in shares of National Beverage by 19.5% during the second quarter. Pennsylvania Trust Co now owns 26,745 shares of the company’s stock valued at $2,859,000 after acquiring an additional 4,355 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of National Beverage during the second quarter valued at approximately $2,220,000. Bank of New York Mellon Corp raised its holdings in shares of National Beverage by 7.2% during the second quarter. Bank of New York Mellon Corp now owns 128,725 shares of the company’s stock valued at $13,760,000 after acquiring an additional 8,612 shares during the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of National Beverage during the second quarter valued at approximately $212,000. 23.62% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on the company. Zacks Investment Research raised National Beverage from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine cut National Beverage from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Susquehanna Bancshares cut their price target on National Beverage from $143.00 to $138.00 and set a “positive” rating for the company in a report on Tuesday, October 30th. BidaskClub cut National Beverage from a “buy” rating to a “hold” rating in a report on Friday, October 12th. Finally, Guggenheim initiated coverage on National Beverage in a report on Thursday, September 13th. They issued a “sell” rating and a $91.00 price target for the company. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. National Beverage has an average rating of “Hold” and an average price target of $106.00.
National Beverage stock traded down $0.95 during mid-day trading on Friday, hitting $101.42. The company’s stock had a trading volume of 121,225 shares, compared to its average volume of 196,143. The firm has a market capitalization of $4.76 billion, a price-to-earnings ratio of 31.79 and a beta of 1.17. National Beverage Corp. has a 1 year low of $83.78 and a 1 year high of $127.32.
National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Thursday, September 6th. The company reported $1.04 earnings per share for the quarter, hitting the consensus estimate of $1.04. The company had revenue of $292.59 million during the quarter, compared to analyst estimates of $288.40 million. National Beverage had a return on equity of 51.15% and a net margin of 15.90%. Equities research analysts predict that National Beverage Corp. will post 3.83 earnings per share for the current fiscal year.
About National Beverage
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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