Texas Yale Capital Corp. Invests $312,000 in National Beverage Corp. (FIZZ)
Texas Yale Capital Corp. bought a new position in National Beverage Corp. (NASDAQ:FIZZ) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,515 shares of the company’s stock, valued at approximately $312,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. purchased a new stake in shares of National Beverage Corp. during the third quarter valued at $311,000. Russell Investments Group Ltd. boosted its position in shares of National Beverage Corp. by 13.6% during the third quarter. Russell Investments Group Ltd. now owns 40,729 shares of the company’s stock valued at $5,052,000 after buying an additional 4,886 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new stake in shares of National Beverage Corp. during the third quarter valued at $229,000. Bank of New York Mellon Corp boosted its position in shares of National Beverage Corp. by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 121,125 shares of the company’s stock valued at $15,026,000 after buying an additional 872 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of National Beverage Corp. during the third quarter valued at $188,000. 21.28% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on FIZZ shares. Maxim Group reaffirmed a “sell” rating and set a $40.00 price objective (up from $33.00) on shares of National Beverage Corp. in a research report on Friday, September 8th. Susquehanna Bancshares Inc started coverage on National Beverage Corp. in a research report on Tuesday, October 3rd. They set a “neutral” rating and a $135.00 price objective on the stock. Finally, UBS Group AG raised National Beverage Corp. from a “neutral” rating to a “positive” rating in a report on Monday.
National Beverage Corp. (NASDAQ FIZZ) traded down $4.74 during mid-day trading on Thursday, reaching $105.75. The company’s stock had a trading volume of 349,600 shares, compared to its average volume of 317,848. National Beverage Corp. has a 52 week low of $45.40 and a 52 week high of $129.82. The company has a market capitalization of $5,147.19, a P/E ratio of 44.20 and a beta of 0.49.
National Beverage Corp. (NASDAQ:FIZZ) last posted its earnings results on Thursday, September 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. National Beverage Corp. had a return on equity of 49.70% and a net margin of 13.38%. The company had revenue of $259.83 million for the quarter.
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National Beverage Corp. 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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