Renaissance Group LLC Has $373,000 Stake in National Beverage Corp. (FIZZ)
Renaissance Group LLC lowered its stake in National Beverage Corp. (NASDAQ:FIZZ) by 14.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,983 shares of the company’s stock after selling 692 shares during the period. Renaissance Group LLC’s holdings in National Beverage Corp. were worth $373,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its position in National Beverage Corp. by 724.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,963 shares of the company’s stock valued at $184,000 after buying an additional 1,725 shares in the last quarter. Ballentine Partners LLC purchased a new stake in National Beverage Corp. during the second quarter valued at $227,000. Legal & General Group Plc increased its stake in National Beverage Corp. by 22.0% in the second quarter. Legal & General Group Plc now owns 4,170 shares of the company’s stock valued at $390,000 after buying an additional 751 shares during the last quarter. Alps Advisors Inc. increased its stake in National Beverage Corp. by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,489 shares of the company’s stock valued at $607,000 after buying an additional 17 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in National Beverage Corp. during the second quarter valued at $669,000. 21.81% of the stock is owned by institutional investors and hedge funds.
Shares of National Beverage Corp. (NASDAQ:FIZZ) opened at 116.44 on Thursday. The stock has a 50 day moving average price of $106.67 and a 200 day moving average price of $87.74. National Beverage Corp. has a 12-month low of $39.14 and a 12-month high of $116.73. The stock has a market capitalization of $5.42 billion, a P/E ratio of 50.85 and a beta of 0.59.
National Beverage Corp. (NASDAQ:FIZZ) last posted its quarterly earnings data on Thursday, July 13th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.02. National Beverage Corp. had a net margin of 12.95% and a return on equity of 44.68%. The company had revenue of $212.10 million for the quarter, compared to the consensus estimate of $213.50 million. The business’s revenue was up 18.5% on a year-over-year basis. On average, equities analysts anticipate that National Beverage Corp. will post $2.71 earnings per share for the current fiscal year.
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FIZZ has been the subject of several research reports. Maxim Group initiated coverage on National Beverage Corp. in a report on Wednesday, May 3rd. They issued a “sell” rating and a $33.00 target price for the company. Credit Suisse Group downgraded National Beverage Corp. from a “neutral” rating to an “underperform” rating and set a $82.00 target price for the company. in a report on Friday, July 21st.
About National Beverage Corp.
National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.
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