Nordea Investment Management AB Raises Stock Holdings in National Beverage Corp. $FIZZ

Nordea Investment Management AB boosted its position in shares of National Beverage Corp. (NASDAQ:FIZZ) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 67,384 shares of the company’s stock after purchasing an additional 1,054 shares during the quarter. Nordea Investment Management AB owned about 0.07% of National Beverage worth $2,889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of FIZZ. Golden State Wealth Management LLC boosted its position in shares of National Beverage by 102.4% in the 1st quarter. Golden State Wealth Management LLC now owns 830 shares of the company’s stock worth $34,000 after purchasing an additional 420 shares in the last quarter. Signaturefd LLC raised its stake in National Beverage by 136.7% in the 2nd quarter. Signaturefd LLC now owns 1,375 shares of the company’s stock worth $59,000 after acquiring an additional 794 shares during the last quarter. CWM LLC raised its stake in shares of National Beverage by 87.3% during the 1st quarter. CWM LLC now owns 1,549 shares of the company’s stock valued at $64,000 after buying an additional 722 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of National Beverage by 29.2% during the 1st quarter. GAMMA Investing LLC now owns 2,060 shares of the company’s stock valued at $86,000 after buying an additional 466 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of National Beverage by 73.8% during the 2nd quarter. Parallel Advisors LLC now owns 2,317 shares of the company’s stock valued at $100,000 after buying an additional 984 shares during the last quarter. Institutional investors own 23.95% of the company’s stock.

National Beverage Stock Performance

FIZZ stock opened at $36.28 on Thursday. The firm has a market cap of $3.40 billion, a PE ratio of 18.23 and a beta of 0.63. National Beverage Corp. has a one year low of $35.66 and a one year high of $50.51. The firm’s 50 day moving average price is $39.41 and its 200-day moving average price is $42.92.

National Beverage (NASDAQ:FIZZ) last announced its earnings results on Thursday, September 11th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.60. The company had revenue of $330.52 million for the quarter, compared to analyst estimates of $354.18 million. National Beverage had a return on equity of 43.51% and a net margin of 15.45%.

Analyst Ratings Changes

FIZZ has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of National Beverage in a research note on Wednesday, October 8th. UBS Group cut their price objective on National Beverage from $40.00 to $39.00 and set a “sell” rating for the company in a research note on Monday, September 15th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, National Beverage has a consensus rating of “Reduce” and an average price target of $39.00.

National Beverage Company Profile

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.