Edgestream Partners L.P. Takes Position in National Beverage Corp. $FIZZ

Edgestream Partners L.P. acquired a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 31,484 shares of the company’s stock, valued at approximately $1,059,000.

A number of other institutional investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its position in National Beverage by 2.2% during the fourth quarter. State of Alaska Department of Revenue now owns 16,103 shares of the company’s stock worth $513,000 after purchasing an additional 342 shares during the last quarter. ExodusPoint Capital Management LP increased its holdings in shares of National Beverage by 3.1% during the 4th quarter. ExodusPoint Capital Management LP now owns 12,474 shares of the company’s stock worth $398,000 after buying an additional 378 shares during the last quarter. Osaic Holdings Inc. increased its holdings in shares of National Beverage by 72.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock worth $44,000 after buying an additional 428 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of National Beverage by 3.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,045 shares of the company’s stock worth $405,000 after buying an additional 454 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of National Beverage by 4.2% in the 3rd quarter. Raymond James Financial Inc. now owns 12,598 shares of the company’s stock worth $465,000 after buying an additional 507 shares during the period. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

National Beverage Stock Down 0.3%

National Beverage stock opened at $31.53 on Tuesday. National Beverage Corp. has a 52-week low of $30.01 and a 52-week high of $47.47. The firm has a fifty day moving average of $33.74 and a 200-day moving average of $34.41. The firm has a market capitalization of $2.95 billion, a P/E ratio of 16.09 and a beta of 0.79.

National Beverage (NASDAQ:FIZZ) last issued its 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 business had revenue of $297.12 million during the quarter, compared to analysts’ expectations of $294.81 million. National Beverage had a net margin of 15.56% and a return on equity of 32.20%.

National Beverage Announces Dividend

The business also recently disclosed a special dividend, which was paid on Thursday, July 30th. Shareholders of record on Monday, July 13th were given a $3.25 dividend. The ex-dividend date of this dividend was Monday, July 13th.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. UBS Group reissued a “sell” rating and set a $33.00 price target (down from $35.00) on shares of National Beverage in a research report on Friday, June 26th. Weiss Ratings restated a “sell (d+)” rating on shares of National Beverage in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus 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.