Semanteon Capital Management LP Buys New Holdings in National Beverage Corp. $FIZZ

Semanteon Capital Management LP purchased a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 15,219 shares of the company’s stock, valued at approximately $562,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of FIZZ. Norges Bank acquired a new position in shares of National Beverage in the 2nd quarter valued at $10,419,000. Millennium Management LLC raised its position in National Beverage by 485.3% in the first quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock worth $11,450,000 after purchasing an additional 228,553 shares in the last quarter. GSA Capital Partners LLP raised its position in National Beverage by 215.6% in the third quarter. GSA Capital Partners LLP now owns 77,115 shares of the company’s stock worth $2,847,000 after purchasing an additional 52,681 shares in the last quarter. Jane Street Group LLC lifted its stake in National Beverage by 12,294.9% during the first quarter. Jane Street Group LLC now owns 48,292 shares of the company’s stock worth $2,006,000 after purchasing an additional 48,688 shares during the period. Finally, First Trust Advisors LP boosted its holdings in National Beverage by 434.8% during the second quarter. First Trust Advisors LP now owns 58,637 shares of the company’s stock valued at $2,535,000 after purchasing an additional 47,672 shares in the last quarter. Institutional investors own 23.95% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. UBS Group set a $35.00 target price on National Beverage and gave the stock a “sell” rating in a report on Friday, December 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of National Beverage in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, National Beverage presently has a consensus rating of “Sell” and a consensus price target of $35.00.

National Beverage Trading Up 1.2%

NASDAQ FIZZ opened at $37.01 on Friday. National Beverage Corp. has a 1-year low of $31.21 and a 1-year high of $47.89. The company has a 50 day moving average of $33.75 and a 200-day moving average of $36.31. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 18.60 and a beta of 0.72.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings results on Thursday, December 11th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.03). National Beverage had a return on equity of 39.29% and a net margin of 15.55%.The business had revenue of $288.33 million for the quarter, compared to the consensus estimate of $292.66 million.

National Beverage Profile

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.