SG Americas Securities LLC Has $2.36 Million Stake in National Beverage Corp. $FIZZ

SG Americas Securities LLC increased its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 170.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,266 shares of the company’s stock after buying an additional 44,239 shares during the quarter. SG Americas Securities LLC’s holdings in National Beverage were worth $2,364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Diversified Trust Co bought a new stake in National Beverage during the first quarter worth about $204,000. Hsbc Holdings PLC bought a new position in National Beverage in the 4th quarter valued at about $402,000. Rockefeller Capital Management L.P. raised its position in shares of National Beverage by 958.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company’s stock valued at $29,000 after buying an additional 815 shares in the last quarter. DGS Capital Management LLC acquired a new position in shares of National Beverage in the 4th quarter valued at approximately $241,000. Finally, Invesco Ltd. lifted its holdings in shares of National Beverage by 3.2% during the 4th quarter. Invesco Ltd. now owns 191,927 shares of the company’s stock worth $6,121,000 after acquiring an additional 5,934 shares during the period. 23.95% of the stock is owned by institutional investors and hedge funds.

National Beverage Price Performance

FIZZ stock opened at $31.00 on Thursday. The company has a 50 day simple moving average of $35.00 and a 200 day simple moving average of $34.51. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 15.42 and a beta of 0.79. National Beverage Corp. has a 1 year low of $30.75 and a 1 year high of $47.89.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). The firm had revenue of $297.12 million for the quarter, compared to analyst estimates of $294.81 million. National Beverage had a net margin of 15.71% and a return on equity of 36.00%.

Analyst Upgrades and Downgrades

FIZZ has been the topic of a number of recent analyst reports. UBS Group reissued a “sell” rating and issued a $33.00 price objective (down from $35.00) on shares of National Beverage in a research note on Friday, June 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of National Beverage in a report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat, National Beverage presently has an average rating of “Sell” and an average target price of $33.00.

About National Beverage

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.