Principal Financial Group Inc. Purchases 2,072 Shares of National Beverage Corp. (FIZZ)

Principal Financial Group Inc. increased its position in National Beverage Corp. (NASDAQ:FIZZ) by 23.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,860 shares of the company’s stock after buying an additional 2,072 shares during the quarter. Principal Financial Group Inc.’s holdings in National Beverage were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in FIZZ. Quantbot Technologies LP acquired a new stake in National Beverage during the 2nd quarter valued at approximately $173,000. BNP Paribas Arbitrage SA increased its position in National Beverage by 724.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,963 shares of the company’s stock valued at $184,000 after purchasing an additional 1,725 shares during the period. Advisor Group Inc. increased its position in National Beverage by 155.9% during the 2nd quarter. Advisor Group Inc. now owns 2,293 shares of the company’s stock valued at $214,000 after purchasing an additional 1,397 shares during the period. C M Bidwell & Associates Ltd. increased its position in National Beverage by 10.7% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,325 shares of the company’s stock valued at $218,000 after purchasing an additional 225 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in National Beverage during the 2nd quarter valued at approximately $227,000. 21.40% of the stock is owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. Maxim Group reissued a “sell” rating and set a $40.00 target price (up previously from $33.00) on shares of National Beverage in a research report on Friday, September 8th. Susquehanna Bancshares assumed coverage on shares of National Beverage in a research report on Tuesday, October 3rd. They set a “neutral” rating and a $135.00 target price for the company. BidaskClub raised shares of National Beverage from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. UBS raised shares of National Beverage from a “neutral” rating to a “positive” rating in a research report on Monday, November 20th. Finally, Credit Suisse Group reissued a “sell” rating on shares of National Beverage in a research report on Friday, December 8th. Two investment analysts have rated the stock with a sell rating and three have given a buy rating to the stock. National Beverage has a consensus rating of “Hold” and a consensus target price of $94.00.

Shares of National Beverage Corp. (NASDAQ FIZZ) opened at $101.29 on Wednesday. The firm has a market cap of $4,720.00, a P/E ratio of 37.49 and a beta of 0.55. National Beverage Corp. has a 52-week low of $45.40 and a 52-week high of $129.82.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings data on Thursday, December 7th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $244.10 million during the quarter, compared to the consensus estimate of $239.11 million. National Beverage had a net margin of 13.80% and a return on equity of 54.30%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS.

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National Beverage Company Profile

National Beverage Corp. is a holding company. The Company develops, produces, markets and sells a diverse portfolio of flavored beverage products primarily in North America. The Company’s brands consist of beverages geared to the active and health-conscious consumer (Power+ Brands), including sparkling waters, energy drinks and juices, and carbonated soft drinks in a range of flavors, including regular, sugar-free and reduced calorie options.

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

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