National Beverage Corp. (NASDAQ:FIZZ) Director Sells $828,960.00 in Stock

National Beverage Corp. (NASDAQ:FIZZ) Director Stanley Michael Sheridan sold 16,000 shares of National Beverage stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $51.81, for a total transaction of $828,960.00. Following the completion of the sale, the director now owns 76,508 shares of the company’s stock, valued at $3,963,879.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

National Beverage Stock Up 0.5 %

FIZZ stock opened at $50.11 on Friday. The firm has a 50 day moving average of $47.92 and a 200 day moving average of $48.16. The stock has a market capitalization of $4.69 billion, a PE ratio of 26.51 and a beta of 0.84. National Beverage Corp. has a 52 week low of $42.85 and a 52 week high of $55.12.

National Beverage (NASDAQ:FIZZ) last posted its quarterly earnings results on Wednesday, June 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. National Beverage had a net margin of 14.83% and a return on equity of 36.10%. The company had revenue of $297.32 million during the quarter.

National Beverage Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Monday, June 24th will be issued a dividend of $3.25 per share. This is a positive change from National Beverage’s previous dividend of $3.00. The ex-dividend date of this dividend is Monday, June 24th.

Hedge Funds Weigh In On National Beverage

Several institutional investors have recently made changes to their positions in the company. Linden Thomas Advisory Services LLC increased its holdings in shares of National Beverage by 12.3% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 36,340 shares of the company’s stock valued at $1,862,000 after purchasing an additional 3,979 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of National Beverage by 45.0% during the 2nd quarter. GAMMA Investing LLC now owns 1,109 shares of the company’s stock valued at $57,000 after purchasing an additional 344 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in National Beverage by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,773 shares of the company’s stock valued at $797,000 after acquiring an additional 565 shares during the period. Gabelli Funds LLC grew its stake in National Beverage by 1.1% in the 1st quarter. Gabelli Funds LLC now owns 36,800 shares of the company’s stock valued at $1,747,000 after acquiring an additional 400 shares during the period. Finally, Gamco Investors INC. ET AL grew its stake in National Beverage by 2.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 51,578 shares of the company’s stock valued at $2,448,000 after acquiring an additional 1,000 shares during the period. 23.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group lifted their target price on shares of National Beverage from $47.00 to $48.00 and gave the stock a “sell” rating in a research note on Friday, June 28th.

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.