Toroso Investments LLC Has $1.10 Million Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)
Toroso Investments LLC trimmed its position in shares of National Beverage Corp. (NASDAQ:FIZZ – Get Rating) by 5.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,456 shares of the company’s stock after selling 1,496 shares during the quarter. Toroso Investments LLC’s holdings in National Beverage were worth $1,097,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of National Beverage during the third quarter valued at about $270,000. State Street Corp raised its position in shares of National Beverage by 1.0% during the third quarter. State Street Corp now owns 849,383 shares of the company’s stock worth $32,735,000 after acquiring an additional 8,618 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in shares of National Beverage by 345.4% during the third quarter. Public Employees Retirement System of Ohio now owns 2,503 shares of the company’s stock worth $96,000 after acquiring an additional 1,941 shares during the last quarter. Algert Global LLC bought a new position in shares of National Beverage during the third quarter worth about $914,000. Finally, Thrivent Financial for Lutherans raised its position in shares of National Beverage by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 24,121 shares of the company’s stock worth $930,000 after acquiring an additional 1,197 shares during the last quarter. 23.40% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on FIZZ. StockNews.com upgraded National Beverage from a “hold” rating to a “buy” rating in a research report on Tuesday, March 14th. Jefferies Financial Group downgraded National Beverage from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $42.00 to $38.00 in a research report on Wednesday, January 4th.
National Beverage Price Performance
NASDAQ FIZZ opened at $50.24 on Friday. The business has a 50 day simple moving average of $45.67 and a 200 day simple moving average of $46.17. National Beverage Corp. has a one year low of $38.40 and a one year high of $57.65. The stock has a market capitalization of $4.69 billion, a P/E ratio of 34.41 and a beta of 1.01.
National Beverage Profile
National Beverage Corp. engages in the development, manufacture, market, and sale of flavored beverage products. Its brands include Big Shot, Clear Fruit, Crystal Bay, Everfresh, Everfresh Premier Varietals, Faygo, LaCroix, LaCroix Cúrate, Mr.Pure, Nicola, Ohana, Ritz, Rip It, Rip It 2oz Shot, Ritz and Shasta.
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