National Beverage Corp. (FIZZ) Holdings Boosted by Russell Investments Group Ltd.
Russell Investments Group Ltd. raised its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 13.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,729 shares of the company’s stock after acquiring an additional 4,886 shares during the period. Russell Investments Group Ltd. owned about 0.09% of National Beverage worth $5,052,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Quantbot Technologies LP bought a new stake in shares of National Beverage during the 2nd quarter worth $173,000. BNP Paribas Arbitrage SA raised its stake in shares of National Beverage by 724.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,963 shares of the company’s stock worth $184,000 after purchasing an additional 1,725 shares during the period. Sei Investments Co. bought a new stake in shares of National Beverage during the 3rd quarter worth $188,000. Advisor Group Inc. raised its stake in shares of National Beverage by 155.9% during the 2nd quarter. Advisor Group Inc. now owns 2,293 shares of the company’s stock worth $214,000 after purchasing an additional 1,397 shares during the period. Finally, Essex Financial Services Inc. bought a new stake in shares of National Beverage during the 3rd quarter worth $214,000. Institutional investors and hedge funds own 21.40% of the company’s stock.
FIZZ has been the topic of a number of recent analyst reports. Credit Suisse Group reiterated a “sell” rating on shares of National Beverage in a research note on Friday, December 8th. Maxim Group reiterated a “sell” rating and set a $40.00 target price (up from $33.00) on shares of National Beverage in a research note on Friday, September 8th. Susquehanna Bancshares set a $160.00 target price on National Beverage and gave the stock a “buy” rating in a research note on Sunday. UBS upgraded National Beverage from a “neutral” rating to a “positive” rating in a research note on Monday, November 20th. Finally, BidaskClub upgraded National Beverage from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $94.00.
National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. National Beverage had a return on equity of 54.30% and a net margin of 13.80%. The company had revenue of $244.10 million during the quarter, compared to analyst estimates of $239.11 million. During the same quarter last year, the firm posted $0.53 EPS. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis.
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National Beverage Company Profile
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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