California State Teachers Retirement System trimmed its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 9.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,813 shares of the company’s stock after selling 1,949 shares during the period. California State Teachers Retirement System’s holdings in National Beverage were worth $2,334,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of National Beverage by 20.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,095,263 shares of the company’s stock valued at $102,472,000 after purchasing an additional 184,592 shares in the last quarter. FMR LLC raised its position in shares of National Beverage by 20.0% during the 2nd quarter. FMR LLC now owns 940,821 shares of the company’s stock valued at $88,023,000 after acquiring an additional 156,515 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of National Beverage by 14.4% during the 2nd quarter. Renaissance Technologies LLC now owns 645,000 shares of the company’s stock valued at $60,346,000 after acquiring an additional 81,000 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of National Beverage by 2,488.3% during the 2nd quarter. Wells Fargo & Company MN now owns 466,907 shares of the company’s stock valued at $43,684,000 after acquiring an additional 448,868 shares in the last quarter. Finally, State Street Corp raised its position in shares of National Beverage by 4.6% during the 2nd quarter. State Street Corp now owns 236,052 shares of the company’s stock valued at $22,081,000 after acquiring an additional 10,443 shares in the last quarter. 21.35% of the stock is currently owned by institutional investors.
Shares of National Beverage Corp. (NASDAQ:FIZZ) opened at $101.29 on Monday. The stock has a market capitalization of $4,720.22, a P/E ratio of 37.65 and a beta of 0.55. National Beverage Corp. has a 52-week low of $45.40 and a 52-week high of $129.82.
National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Thursday, December 7th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The business had revenue of $244.10 million for the quarter, compared to analyst estimates of $239.11 million. National Beverage had a return on equity of 54.30% and a net margin of 13.80%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS.
Several equities research analysts recently issued reports on the company. BidaskClub lowered National Beverage from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Credit Suisse Group reissued a “sell” rating on shares of National Beverage in a research report on Friday, December 8th. Susquehanna Bancshares set a $160.00 price target on National Beverage and gave the company a “buy” rating in a research report on Sunday, December 10th. Finally, UBS Group raised National Beverage from a “neutral” rating to a “positive” rating in a research report on Monday, November 20th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $94.00.
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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