Collaborative Fund Advisors LLC Acquires Shares of 56,871 National Beverage Corp. $FIZZ

Collaborative Fund Advisors LLC bought a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 56,871 shares of the company’s stock, valued at approximately $1,914,000. National Beverage makes up approximately 1.2% of Collaborative Fund Advisors LLC’s investment portfolio, making the stock its 29th biggest position. Collaborative Fund Advisors LLC owned approximately 0.06% of National Beverage at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in National Beverage during the fourth quarter worth about $8,355,000. Millennium Management LLC boosted its holdings in shares of National Beverage by 485.3% in the 1st quarter. Millennium Management LLC now owns 275,644 shares of the company’s stock worth $11,450,000 after acquiring an additional 228,553 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of National Beverage by 53.7% in the 3rd quarter. Two Sigma Investments LP now owns 320,687 shares of the company’s stock worth $11,840,000 after acquiring an additional 111,978 shares in the last quarter. Goldman Sachs Group Inc. grew its position in National Beverage by 73.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 243,714 shares of the company’s stock worth $7,772,000 after acquiring an additional 102,950 shares during the last quarter. Finally, Voloridge Investment Management LLC increased its holdings in National Beverage by 960.6% during the 4th quarter. Voloridge Investment Management LLC now owns 107,944 shares of the company’s stock valued at $3,442,000 after purchasing an additional 97,766 shares in the last quarter. 23.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FIZZ. Weiss Ratings restated a “sell (d+)” rating on shares of National Beverage in a report on Wednesday, June 24th. UBS Group reiterated a “sell” rating and set a $33.00 price target (down from $35.00) on shares of National Beverage in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell” and an average price target of $33.00.

National Beverage Price Performance

Shares of NASDAQ FIZZ opened at $33.33 on Monday. The company’s 50 day simple moving average is $35.01 and its 200 day simple moving average is $34.51. National Beverage Corp. has a fifty-two week low of $30.75 and a fifty-two week high of $47.89. The firm has a market capitalization of $3.12 billion, a P/E ratio of 17.01 and a beta of 0.79.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). National Beverage had a net margin of 15.56% and a return on equity of 32.20%. The business had revenue of $297.12 million during the quarter, compared to the consensus estimate of $294.81 million.

National Beverage Announces Dividend

The business also recently declared a special dividend, which will be paid on Thursday, July 30th. Stockholders of record on Monday, July 13th will be given a $3.25 dividend. The ex-dividend date is Monday, July 13th.

National Beverage Company Profile

National Beverage Corp. (NASDAQ: FIZZ) is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company’s portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.