Walleye Capital LLC decreased its stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 49.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,803 shares of the company's stock after selling 14,479 shares during the period. Walleye Capital LLC's holdings in National Beverage were worth $695,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of FIZZ. Canada Pension Plan Investment Board purchased a new stake in National Beverage in the second quarter worth about $31,000. Quarry LP lifted its stake in shares of National Beverage by 584.9% in the 2nd quarter. Quarry LP now owns 637 shares of the company's stock valued at $33,000 after purchasing an additional 544 shares during the period. Blue Trust Inc. lifted 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 bought a new stake in shares of National Beverage during the second quarter valued at approximately $34,000. Finally, Headlands Technologies LLC grew its stake in National Beverage by 760.2% in the second quarter. Headlands Technologies LLC now owns 843 shares of the company's stock worth $43,000 after purchasing an additional 745 shares during the period. Institutional investors own 23.95% of the company's stock.
Analyst Upgrades and Downgrades
Separately, UBS Group lowered their price objective on National Beverage from $46.00 to $45.00 and set a "sell" rating for the company in a research report on Tuesday, September 10th.
View Our Latest Stock Analysis on National Beverage
National Beverage Price Performance
NASDAQ:FIZZ traded down $3.24 during mid-day trading on Friday, hitting $46.32. 405,661 shares of the company's stock were exchanged, compared to its average volume of 133,381. The company has a market cap of $4.34 billion, a PE ratio of 23.28 and a beta of 0.83. National Beverage Corp. has a one year low of $42.85 and a one year high of $53.58. The business has a fifty day moving average price of $47.19 and a 200 day moving average price of $47.30.
National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings results on Thursday, September 5th. The company reported $0.61 EPS for the quarter, topping 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 firm had revenue of $329.47 million for the quarter.
National Beverage Company Profile
(
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.
Recommended Stories
Before you consider National Beverage, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and National Beverage wasn't on the list.
While National Beverage currently has a "Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
