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 on Friday, July 5th. The stock was sold at an average price of $51.81, for a total value of $828,960.00. Following the completion of the sale, the director now directly owns 76,508 shares of the company’s stock, valued at approximately $3,963,879.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

National Beverage Stock Performance

NASDAQ FIZZ opened at $50.11 on Friday. The company has a market capitalization of $4.69 billion, a PE ratio of 26.51 and a beta of 0.84. The business’s fifty day moving average is $47.92 and its 200 day moving average is $48.16. National Beverage Corp. has a fifty-two week low of $42.85 and a fifty-two week high of $55.12.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Wednesday, June 26th. The company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $297.32 million for the quarter. National Beverage had a return on equity of 36.10% and a net margin of 14.83%.

National Beverage Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 24th. Stockholders of record on Monday, June 24th will be given a $3.25 dividend. This is an increase from National Beverage’s previous dividend of $3.00. The ex-dividend date is Monday, June 24th.

Hedge Funds Weigh In On National Beverage

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of National Beverage by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,769,994 shares of the company’s stock valued at $131,464,000 after acquiring an additional 18,216 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of National Beverage by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,101,778 shares of the company’s stock valued at $54,780,000 after acquiring an additional 39,985 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of National Beverage by 3.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 311,371 shares of the company’s stock valued at $15,481,000 after acquiring an additional 10,239 shares in the last quarter. Norges Bank purchased a new position in shares of National Beverage in the fourth quarter valued at about $10,309,000. Finally, Assenagon Asset Management S.A. lifted its position in shares of National Beverage by 38.9% in the first quarter. Assenagon Asset Management S.A. now owns 138,041 shares of the company’s stock valued at $6,551,000 after acquiring an additional 38,642 shares in the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, UBS Group lifted their price objective on National Beverage from $47.00 to $48.00 and gave the stock a “sell” rating in a report 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.