Landscape Capital Management L.L.C. trimmed its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ – Free Report) by 44.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 60,322 shares of the company’s stock after selling 49,243 shares during the period. Landscape Capital Management L.L.C. owned about 0.06% of National Beverage worth $1,924,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. AlphaQuest LLC acquired a new position in shares of National Beverage during the 3rd quarter worth about $33,000. Osaic Holdings Inc. boosted its stake in shares of National Beverage by 72.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock worth $44,000 after buying an additional 428 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of National Beverage in the 3rd quarter valued at about $39,000. Brown Brothers Harriman & Co. raised its holdings in shares of National Beverage by 213.5% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock valued at $39,000 after purchasing an additional 726 shares during the period. Finally, Jessup Wealth Management Inc bought a new stake in shares of National Beverage in the 4th quarter valued at about $38,000. 23.95% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on FIZZ. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of National Beverage in a report on Friday, March 27th. UBS Group upped their target price on shares of National Beverage from $34.00 to $35.00 and gave the company a “sell” rating in a report on Monday, March 16th. Two investment analysts have rated the stock with a Sell rating, According to MarketBeat, National Beverage has an average rating of “Sell” and a consensus target price of $35.00.
National Beverage Price Performance
Shares of FIZZ opened at $36.55 on Tuesday. The firm has a market capitalization of $3.42 billion, a PE ratio of 18.18 and a beta of 0.76. The company’s 50-day moving average is $35.07 and its 200-day moving average is $34.57. National Beverage Corp. has a fifty-two week low of $31.21 and a fifty-two week high of $47.89.
About National Beverage
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.
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