Capstone Investment Advisors LLC Makes New Investment in National Beverage Corp. $FIZZ

Capstone Investment Advisors LLC acquired a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) in the second quarter, HoldingsChannel reports. The institutional investor acquired 22,181 shares of the company’s stock, valued at approximately $692,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FIZZ. ExodusPoint Capital Management LP increased its stake in shares of National Beverage by 3.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 12,474 shares of the company’s stock worth $398,000 after purchasing an additional 378 shares during the period. Osaic Holdings Inc. boosted its stake in National Beverage by 72.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock valued at $44,000 after purchasing an additional 428 shares during the period. Illinois Municipal Retirement Fund boosted its stake in National Beverage by 3.9% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,045 shares of the company’s stock valued at $405,000 after purchasing an additional 454 shares during the period. Raymond James Financial Inc. grew its holdings in National Beverage by 4.2% in the 3rd quarter. Raymond James Financial Inc. now owns 12,598 shares of the company’s stock valued at $465,000 after buying an additional 507 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in National Beverage by 0.8% in the 3rd quarter. Legal & General Group Plc now owns 63,339 shares of the company’s stock valued at $2,338,000 after buying an additional 533 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FIZZ shares. Weiss Ratings raised National Beverage from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. UBS Group reissued a “sell” rating and issued a $33.00 target price (down from $35.00) on shares of National Beverage in a research report on Friday, June 26th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $33.00.

National Beverage Trading Up 0.3%

NASDAQ FIZZ opened at $32.58 on Friday. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 16.62 and a beta of 0.78. The company has a 50 day moving average of $32.03 and a 200-day moving average of $34.13. National Beverage Corp. has a 1-year low of $30.01 and a 1-year high of $42.61.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings results 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 return on equity of 32.20% and a net margin of 15.56%.The company had revenue of $297.12 million for the quarter, compared to analyst estimates of $294.81 million.

National Beverage Announces Dividend

The business also recently announced a special dividend, which was paid on Thursday, July 30th. Stockholders of record on Monday, July 13th were issued a dividend of $3.25 per share. The ex-dividend date of this dividend was 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.