Algert Global LLC raised its position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 69.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,098 shares of the company's stock after acquiring an additional 41,777 shares during the period. Algert Global LLC owned about 0.11% of National Beverage worth $4,792,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new stake in shares of National Beverage during the 2nd quarter valued at about $31,000. Quarry LP boosted its holdings in National Beverage by 584.9% during the second quarter. Quarry LP now owns 637 shares of the company's stock valued at $33,000 after purchasing an additional 544 shares in the last quarter. Blue Trust Inc. grew its stake in shares of National Beverage by 323.0% in the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company's stock valued at $33,000 after purchasing an additional 491 shares during the period. Quest Partners LLC acquired a new position in shares of National Beverage in the 2nd quarter worth approximately $34,000. Finally, Headlands Technologies LLC raised its holdings in shares of National Beverage by 760.2% in the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company's stock worth $43,000 after buying an additional 745 shares in the last quarter. Institutional investors own 23.95% of the company's stock.
National Beverage Trading Up 3.7 %
Shares of National Beverage stock traded up $1.75 during mid-day trading on Monday, reaching $49.62. 215,527 shares of the stock were exchanged, compared to its average volume of 169,366. National Beverage Corp. has a fifty-two week low of $42.85 and a fifty-two week high of $53.58. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 24.30 and a beta of 0.83. The firm has a 50-day simple moving average of $46.53 and a 200 day simple moving average of $47.18.
National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $329.47 million during the quarter. National Beverage had a net margin of 15.36% and a return on equity of 39.91%.
Analyst Upgrades and Downgrades
Separately, UBS Group lowered their price target on National Beverage from $46.00 to $45.00 and set a "sell" rating on the stock in a research report on Tuesday, September 10th.
View Our Latest Stock Analysis on FIZZ
National Beverage Profile
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Free Report)
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.
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