National Beverage (NASDAQ:FIZZ) Given New $48.00 Price Target at UBS Group

National Beverage (NASDAQ:FIZZ) had its price objective increased by UBS Group from $47.00 to $48.00 in a research report released on Friday, Benzinga reports. They currently have a sell rating on the stock.

National Beverage Stock Up 1.0 %

FIZZ opened at $51.24 on Friday. The firm has a 50-day moving average price of $46.64 and a 200-day moving average price of $48.03. National Beverage has a twelve month low of $42.85 and a twelve month high of $55.12. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 27.11 and a beta of 0.79.

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

National Beverage Increases Dividend

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

Insider Transactions at National Beverage

In related news, Director Cecil D. Conlee sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $47.94, for a total transaction of $575,280.00. Following the completion of the transaction, the director now owns 60,480 shares of the company’s stock, valued at $2,899,411.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 75.00% of the company’s stock.

Institutional Trading of National Beverage

Large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its position in National Beverage by 77.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 99,399 shares of the company’s stock valued at $4,942,000 after purchasing an additional 43,349 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of National Beverage by 3.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,101,778 shares of the company’s stock worth $54,780,000 after acquiring an additional 39,985 shares during the last quarter. Qube Research & Technologies Ltd grew its position in National Beverage by 59.9% in the third quarter. Qube Research & Technologies Ltd now owns 117,144 shares of the company’s stock worth $5,508,000 after acquiring an additional 43,864 shares in the last quarter. Headlands Technologies LLC bought a new position in National Beverage in the fourth quarter valued at $30,000. Finally, Lido Advisors LLC purchased a new stake in National Beverage during the third quarter valued at about $462,000. Institutional investors own 23.95% of the company’s stock.

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.