National Beverage Corp. (FIZZ) Shares Sold by Credit Suisse AG

Credit Suisse AG lowered its position in National Beverage Corp. (NASDAQ:FIZZ) by 8.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,724 shares of the company’s stock after selling 9,831 shares during the period. Credit Suisse AG owned about 0.22% of National Beverage worth $12,096,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. lifted its position in National Beverage by 8.0% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,668 shares of the company’s stock valued at $713,000 after purchasing an additional 496 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in National Beverage by 10.6% during the third quarter. Janney Montgomery Scott LLC now owns 5,634 shares of the company’s stock valued at $657,000 after purchasing an additional 540 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in National Beverage by 8.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 8,379 shares of the company’s stock valued at $896,000 after purchasing an additional 640 shares in the last quarter. Cim LLC lifted its position in National Beverage by 16.7% during the third quarter. Cim LLC now owns 5,320 shares of the company’s stock valued at $620,000 after purchasing an additional 762 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. lifted its position in National Beverage by 27.8% during the third quarter. Bbva Compass Bancshares Inc. now owns 4,284 shares of the company’s stock valued at $499,000 after purchasing an additional 931 shares in the last quarter. 23.87% of the stock is owned by institutional investors.

Shares of National Beverage stock opened at $83.68 on Friday. National Beverage Corp. has a 52 week low of $81.54 and a 52 week high of $127.32. The stock has a market capitalization of $3.93 billion, a PE ratio of 23.55 and a beta of 1.11.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, December 6th. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. National Beverage had a return on equity of 50.08% and a net margin of 16.33%. The business had revenue of $260.71 million for the quarter, compared to the consensus estimate of $273.40 million. As a group, sell-side analysts predict that National Beverage Corp. will post 3.83 EPS for the current fiscal year.

The company also recently announced a special dividend, which will be paid on Tuesday, January 29th. Investors of record on Friday, November 30th will be given a $2.90 dividend. This is an increase from National Beverage’s previous special dividend of $1.50. The ex-dividend date is Thursday, November 29th.

Several equities analysts recently weighed in on the company. Guggenheim upgraded National Beverage from a “sell” rating to a “neutral” rating and set a $86.00 target price on the stock in a research report on Thursday. Maxim Group restated a “sell” rating and issued a $45.00 price objective on shares of National Beverage in a research report on Friday. BidaskClub downgraded National Beverage from a “buy” rating to a “hold” rating in a research report on Friday. ValuEngine upgraded National Beverage from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded National Beverage from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $99.75.

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About National Beverage

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 C├║rate, LaCroix NiCola, Shasta Sparkling Water, the Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

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Institutional Ownership by Quarter for National Beverage (NASDAQ:FIZZ)

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