JPMorgan Chase & Co. Buys 42,970 Shares of National Beverage Corp. $FIZZ

JPMorgan Chase & Co. boosted its stake in National Beverage Corp. (NASDAQ:FIZZ) by 44.6% in the third quarter, HoldingsChannel reports. The firm owned 139,302 shares of the company’s stock after acquiring an additional 42,970 shares during the period. JPMorgan Chase & Co.’s holdings in National Beverage were worth $5,143,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its holdings in National Beverage by 2.8% during the second quarter. Schroder Investment Management Group now owns 14,535 shares of the company’s stock worth $628,000 after buying an additional 393 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of National Beverage by 72.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock valued at $44,000 after acquiring an additional 428 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of National Beverage by 14.0% in the 3rd quarter. Pacer Advisors Inc. now owns 4,129 shares of the company’s stock valued at $152,000 after acquiring an additional 507 shares during the period. 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 valued at $465,000 after acquiring an additional 507 shares during the period. Finally, Legal & General Group Plc boosted its stake in National Beverage by 0.8% during the 3rd quarter. Legal & General Group Plc now owns 63,339 shares of the company’s stock worth $2,338,000 after acquiring an additional 533 shares during the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FIZZ shares. Weiss Ratings restated a “sell (d+)” rating on shares of National Beverage in a report on Friday, March 27th. UBS Group lifted their price target on shares of National Beverage from $34.00 to $35.00 and gave the stock a “sell” rating in a research report on Monday, March 16th. Two research 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 an average target price of $35.00.

National Beverage Price Performance

Shares of National Beverage stock opened at $33.84 on Thursday. The company has a market capitalization of $3.17 billion, a P/E ratio of 16.84 and a beta of 0.77. The business has a 50-day moving average of $35.15 and a two-hundred day moving average of $34.74. National Beverage Corp. has a 1 year low of $31.21 and a 1 year high of $47.89.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Thursday, March 12th. The company reported $0.44 earnings per share for the quarter, meeting the consensus estimate of $0.44. National Beverage had a return on equity of 36.00% and a net margin of 15.71%.The business had revenue of $264.59 million for the quarter, compared to analysts’ expectations of $271.06 million.

National Beverage Company Profile

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.