National Beverage Corp. (NASDAQ:FIZZ) Stock Holdings Lifted by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 8.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,713 shares of the company’s stock after purchasing an additional 1,967 shares during the period. New York State Teachers Retirement System’s holdings in National Beverage were worth $1,207,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FIZZ. Assenagon Asset Management S.A. grew its position in National Beverage by 84.9% during the third quarter. Assenagon Asset Management S.A. now owns 145,172 shares of the company’s stock valued at $6,814,000 after purchasing an additional 66,661 shares in the last quarter. Dimensional Fund Advisors LP grew its position in National Beverage by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company’s stock valued at $58,680,000 after purchasing an additional 40,488 shares in the last quarter. Denali Advisors LLC grew its position in National Beverage by 36.1% during the second quarter. Denali Advisors LLC now owns 115,100 shares of the company’s stock valued at $5,898,000 after purchasing an additional 30,500 shares in the last quarter. Squarepoint Ops LLC grew its position in National Beverage by 307.6% during the second quarter. Squarepoint Ops LLC now owns 35,673 shares of the company’s stock valued at $1,828,000 after purchasing an additional 26,920 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in National Beverage by 13.7% during the second quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company’s stock valued at $11,337,000 after purchasing an additional 26,729 shares in the last quarter. 23.95% of the stock is owned by hedge funds and other institutional investors.

National Beverage Stock Up 1.1 %

NASDAQ FIZZ opened at $49.32 on Friday. The stock has a market capitalization of $4.62 billion, a PE ratio of 25.04 and a beta of 0.83. The company has a 50 day moving average price of $45.86 and a two-hundred day moving average price of $46.96. National Beverage Corp. has a 12-month low of $42.85 and a 12-month high of $53.58.

National Beverage (NASDAQ:FIZZ) last posted its earnings results on Thursday, September 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $329.47 million during the quarter. National Beverage had a net margin of 15.36% and a return on equity of 39.91%.

Wall Street Analysts Forecast Growth

Separately, UBS Group lowered their price objective on shares of National Beverage from $46.00 to $45.00 and set a “sell” rating on the stock in a research report on Tuesday, September 10th.

About National Beverage

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.