Willis Investment Counsel Acquires 5,944 Shares of National Beverage Corp. $FIZZ

by · The Cerbat Gem

Willis Investment Counsel boosted its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ – Free Report) by 90.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,539 shares of the company’s stock after buying an additional 5,944 shares during the quarter. Willis Investment Counsel’s holdings in National Beverage were worth $542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of National Beverage by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 2,801,900 shares of the company’s stock valued at $116,391,000 after acquiring an additional 54,148 shares during the period. Invesco Ltd. lifted its position in National Beverage by 36.8% during the first quarter. Invesco Ltd. now owns 218,300 shares of the company’s stock valued at $9,068,000 after purchasing an additional 58,670 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in National Beverage during the first quarter valued at about $1,092,000. XTX Topco Ltd bought a new stake in National Beverage during the first quarter valued at about $315,000. Finally, Nordea Investment Management AB increased its position in National Beverage by 1.6% in the second quarter. Nordea Investment Management AB now owns 67,384 shares of the company’s stock worth $2,889,000 after buying an additional 1,054 shares in the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

National Beverage Trading Up 1.2%

NASDAQ FIZZ opened at $33.54 on Friday. National Beverage Corp. has a 12 month low of $32.21 and a 12 month high of $50.51. The stock has a market cap of $3.14 billion, a PE ratio of 16.85 and a beta of 0.68. The stock’s 50 day moving average is $35.68 and its 200 day moving average is $41.49.

National Beverage (NASDAQ:FIZZ – Get Free Report) last released its quarterly earnings data on Thursday, September 11th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. National Beverage had a net margin of 15.45% and a return on equity of 43.51%. The firm had revenue of $330.52 million for the quarter, compared to analysts’ expectations of $354.18 million.

Wall Street Analysts Forecast Growth

FIZZ has been the subject of a number of recent research reports. 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. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Beverage in a report on Friday, October 31st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $39.00.

Get Our Latest Analysis on National Beverage

National Beverage Profile

(Free Report)

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.

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