Janus Henderson Group PLC Purchases New Stake in National Beverage Corp. (FIZZ)
Janus Henderson Group PLC purchased a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,441 shares of the company’s stock, valued at approximately $261,000.
Several other hedge funds also recently modified their holdings of FIZZ. Old Mutual Global Investors UK Ltd. lifted its position in shares of National Beverage by 48.4% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 590,337 shares of the company’s stock worth $52,551,000 after purchasing an additional 192,551 shares during the last quarter. Meritage Portfolio Management bought a new position in shares of National Beverage during the second quarter worth about $6,770,000. Natixis Advisors L.P. bought a new position in shares of National Beverage during the first quarter worth about $2,734,000. Covey Capital Advisors LLC lifted its position in shares of National Beverage by 279.6% during the first quarter. Covey Capital Advisors LLC now owns 29,228 shares of the company’s stock worth $2,602,000 after purchasing an additional 21,528 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of National Beverage during the second quarter worth about $2,220,000. 24.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ FIZZ opened at $112.30 on Tuesday. National Beverage Corp. has a 52-week low of $83.78 and a 52-week high of $127.32. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 35.20 and a beta of 0.88.
FIZZ has been the topic of several research analyst reports. BidaskClub cut shares of National Beverage from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research raised shares of National Beverage from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Susquehanna Bancshares raised their target price on shares of National Beverage from $141.00 to $155.00 and gave the stock a “positive” rating in a report on Tuesday, August 28th. Finally, Imperial Capital raised their target price on shares of National Beverage from $120.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, September 7th. Four equities research analysts have rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $108.50.
National Beverage Profile
National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.
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