National Beverage Corp. (NASDAQ:FIZZ) Shares Bought by New York State Teachers Retirement System
New York State Teachers Retirement System raised its position in National Beverage Corp. (NASDAQ:FIZZ) by 20.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,130 shares of the company’s stock after acquiring an additional 1,541 shares during the quarter. New York State Teachers Retirement System’s holdings in National Beverage were worth $557,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp grew its position in National Beverage by 7.0% in the 1st quarter. State Street Corp now owns 368,120 shares of the company’s stock valued at $15,700,000 after acquiring an additional 23,985 shares in the last quarter. FDx Advisors Inc. acquired a new position in shares of National Beverage during the first quarter worth about $363,000. Gamco Investors INC. ET AL grew its position in shares of National Beverage by 6.9% during the first quarter. Gamco Investors INC. ET AL now owns 279,085 shares of the company’s stock worth $11,903,000 after buying an additional 17,930 shares in the last quarter. Natixis Advisors L.P. grew its position in shares of National Beverage by 14.7% during the first quarter. Natixis Advisors L.P. now owns 271,934 shares of the company’s stock worth $11,598,000 after buying an additional 34,785 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of National Beverage by 11.4% during the fourth quarter. Bank of New York Mellon Corp now owns 212,931 shares of the company’s stock worth $10,864,000 after buying an additional 21,776 shares in the last quarter. 31.51% of the stock is owned by institutional investors.
A number of equities analysts have recently commented on FIZZ shares. Zacks Investment Research raised National Beverage from a “hold” rating to a “strong-buy” rating and set a $76.00 price objective for the company in a research report on Wednesday, July 8th. Guggenheim boosted their price objective on National Beverage from $34.00 to $38.00 and gave the stock a “sell” rating in a research report on Monday, May 18th. BidaskClub raised National Beverage from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 20th. Finally, Cfra downgraded National Beverage to a “sell” rating in a research report on Monday, June 15th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a strong buy rating to the company’s stock. National Beverage currently has a consensus rating of “Hold” and an average target price of $46.60.
National Beverage (NASDAQ:FIZZ) last posted its earnings results on Wednesday, July 1st. The company reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.17. The firm had revenue of $262.40 million during the quarter, compared to analysts’ expectations of $246.27 million. National Beverage had a return on equity of 31.71% and a net margin of 12.99%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share. Research analysts predict that National Beverage Corp. will post 2.74 EPS 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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