Assenagon Asset Management S.A. Buys 66,661 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Assenagon Asset Management S.A. boosted its holdings in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 84.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,172 shares of the company's stock after acquiring an additional 66,661 shares during the quarter. Assenagon Asset Management S.A. owned 0.16% of National Beverage worth $6,814,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of FIZZ. Vanguard Group Inc. raised its stake in National Beverage by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 2,751,778 shares of the company's stock valued at $136,818,000 after purchasing an additional 49,441 shares in the last quarter. Principal Financial Group Inc. increased its stake in National Beverage by 0.3% in the first quarter. Principal Financial Group Inc. now owns 121,734 shares of the company's stock valued at $5,777,000 after acquiring an additional 315 shares during the last quarter. J.W. Cole Advisors Inc. raised its position in National Beverage by 3.9% during the first quarter. J.W. Cole Advisors Inc. now owns 21,615 shares of the company's stock valued at $1,026,000 after purchasing an additional 815 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in National Beverage by 2.1% during the first quarter. BNP Paribas Financial Markets now owns 25,403 shares of the company's stock worth $1,206,000 after purchasing an additional 527 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of National Beverage in the 1st quarter worth about $562,000. Institutional investors own 23.95% of the company's stock.

Wall Street Analyst Weigh In

Separately, UBS Group decreased their price objective on National Beverage from $46.00 to $45.00 and set a "sell" rating on the stock in a report on Tuesday, September 10th.

National Beverage Stock Performance

Shares of FIZZ stock traded down $0.38 on Tuesday, hitting $45.30. 77,955 shares of the company's stock traded hands, compared to its average volume of 171,429. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 23.19 and a beta of 0.82. The company's fifty day simple moving average is $45.55 and its 200 day simple moving average is $46.84. National Beverage Corp. has a one year low of $42.85 and a one year high of $53.58.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its earnings results on Thursday, September 5th. The company reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. National Beverage had a return on equity of 39.91% and a net margin of 15.36%. The company had revenue of $329.47 million during the quarter.

About National Beverage

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.