Landscape Capital Management L.L.C. Invests $3.60 Million in National Beverage Corp. $FIZZ

Landscape Capital Management L.L.C. bought a new position in shares of National Beverage Corp. (NASDAQ:FIZZ) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 115,280 shares of the company’s stock, valued at approximately $3,597,000.

Several other large investors have also recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its position in shares of National Beverage by 958.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company’s stock worth $29,000 after acquiring an additional 815 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in National Beverage by 72.5% in the second quarter. Osaic Holdings Inc. now owns 1,018 shares of the company’s stock valued at $44,000 after purchasing an additional 428 shares in the last quarter. Advisory Services Network LLC acquired a new position in National Beverage in the third quarter valued at approximately $39,000. Brown Brothers Harriman & Co. increased its stake in National Beverage by 213.5% in the third 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 last quarter. Finally, Allworth Financial LP purchased a new position in National Beverage in the second quarter valued at approximately $34,000. Hedge funds and other institutional investors own 23.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on FIZZ shares. Weiss Ratings restated a “sell (d+)” rating on shares of National Beverage in a research report on Wednesday, June 24th. UBS Group reaffirmed 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. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell” and an average price target of $33.00.

National Beverage Stock Performance

National Beverage stock opened at $32.37 on Friday. National Beverage Corp. has a fifty-two week low of $30.01 and a fifty-two week high of $46.92. The company has a market capitalization of $3.03 billion, a P/E ratio of 16.52 and a beta of 0.78. The stock has a 50-day simple moving average of $32.38 and a 200-day simple moving average of $34.21.

National Beverage (NASDAQ:FIZZ) last released 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). The firm had revenue of $297.12 million for the quarter, compared to analysts’ expectations of $294.81 million. National Beverage had a return on equity of 32.20% and a net margin of 15.56%.

National Beverage Announces Dividend

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

National Beverage 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.