California Public Employees Retirement System Acquires 4,118 Shares of National Beverage Corp. (FIZZ)
California Public Employees Retirement System grew its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 46.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,918 shares of the company’s stock after acquiring an additional 4,118 shares during the period. California Public Employees Retirement System’s holdings in National Beverage were worth $1,602,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in National Beverage in the second quarter worth approximately $173,000. BNP Paribas Arbitrage SA raised its position in National Beverage by 724.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,963 shares of the company’s stock worth $184,000 after acquiring an additional 1,725 shares during the period. Sei Investments Co. bought a new position in National Beverage in the third quarter worth approximately $188,000. Advisor Group Inc. raised its position in National Beverage by 155.9% in the second quarter. Advisor Group Inc. now owns 2,293 shares of the company’s stock worth $214,000 after acquiring an additional 1,397 shares during the period. Finally, Essex Financial Services Inc. bought a new position in National Beverage in the third quarter worth approximately $214,000. Institutional investors and hedge funds own 21.35% of the company’s stock.
Several research analysts have weighed in on FIZZ shares. UBS Group upgraded shares of National Beverage from a “neutral” rating to a “positive” rating in a research report on Monday, November 20th. Credit Suisse Group restated a “sell” rating on shares of National Beverage in a research report on Friday, December 8th. Susquehanna Bancshares upgraded shares of National Beverage from a “neutral” rating to a “buy” rating and raised their price objective for the company from $108.00 to $150.00 in a research report on Monday, November 20th. Finally, BidaskClub downgraded shares of National Beverage from a “buy” rating to a “hold” rating in a research report on Wednesday, December 27th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. National Beverage has a consensus rating of “Hold” and an average target price of $94.00.
National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.04. The firm had revenue of $244.10 million for the quarter, compared to the consensus estimate of $239.11 million. National Beverage had a net margin of 13.80% and a return on equity of 54.30%. The company’s revenue was up 20.1% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS.
National Beverage 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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