National Beverage Corp. $FIZZ Shares Purchased by Geode Capital Management LLC
Geode Capital Management LLC increased its stake in National Beverage Corp. by 3.2% in Q2, owning 779,290 shares worth $33.7 million. Other investors also adjusted their positions. National Beverage's stock opened at $34.46, with a market cap of $3.23 billion. Analysts have set a consensus rating of "Reduce" with a target price of $39.00. The company reported Q2 earnings of $0.60 per share, matching estimates, with revenue of $330.52 million.
Geode Capital Management LLC boosted its stake in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 3.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 779,290 shares of the company's stock after purchasing an additional 23,987 shares during the quarter. Geode Capital Management LLC owned approximately 0.83% of National Beverage worth $33,700,000 as of its most recent SEC filing.
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Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC increased its stake in shares of National Beverage by 136.7% during the second quarter. Signaturefd LLC now owns 1,375 shares of the company's stock worth $59,000 after buying an additional 794 shares during the period. CWM LLC lifted its stake in National Beverage by 87.3% in the first quarter. CWM LLC now owns 1,549 shares of the company's stock worth $64,000 after acquiring an additional 722 shares during the last quarter. Parallel Advisors LLC grew its holdings in National Beverage by 73.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,317 shares of the company's stock worth $100,000 after acquiring an additional 984 shares in the last quarter. Covestor Ltd grew its holdings in National Beverage by 14.3% during the 1st quarter. Covestor Ltd now owns 3,421 shares of the company's stock worth $142,000 after acquiring an additional 427 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of National Beverage by 742.8% in the 1st quarter. US Bancorp DE now owns 4,315 shares of the company's stock valued at $179,000 after purchasing an additional 3,803 shares during the last quarter. Hedge funds and other institutional investors own 23.95% of the company's stock.
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National Beverage Price Performance
Shares of FIZZ opened at $34.46 on Thursday. National Beverage Corp. has a 1-year low of $32.21 and a 1-year high of $50.51. The stock has a market cap of $3.23 billion, a PE ratio of 17.32 and a beta of 0.68. The firm has a fifty day moving average price of $35.31 and a 200 day moving average price of $41.20.
National Beverage (NASDAQ:FIZZ - Get Free Report) last issued its quarterly earnings data on Thursday, September 11th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. National Beverage had a return on equity of 43.51% and a net margin of 15.45%.The company had revenue of $330.52 million for the quarter, compared to analyst estimates of $354.18 million.
Analysts Set New Price Targets
A number of brokerages recently commented on FIZZ. Weiss Ratings reiterated a "hold (c-)" rating on shares of National Beverage in a research note on Friday, October 31st. UBS Group decreased their price target on National Beverage from $40.00 to $39.00 and set a "sell" rating for the company in a report on Monday, September 15th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $39.00.
View Our Latest Report on National Beverage
About National Beverage
(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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