Stanley Michael Sheridan Sells 16,000 Shares of National Beverage Corp. (NASDAQ:FIZZ) Stock

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

National Beverage Stock Down 3.1 %

FIZZ stock traded down $1.60 during trading on Tuesday, reaching $50.61. 227,621 shares of the company’s stock were exchanged, compared to its average volume of 174,839. National Beverage Corp. has a 1-year low of $42.85 and a 1-year high of $55.12. The company’s fifty day moving average price is $47.63 and its 200-day moving average price is $48.13. The firm has a market cap of $4.74 billion, a PE ratio of 26.78 and a beta of 0.84.

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

National Beverage Increases Dividend

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

Analysts Set New Price Targets

Separately, UBS Group upped their price objective on National Beverage from $47.00 to $48.00 and gave the company a “sell” rating in a research note on Friday, June 28th.

Get Our Latest Stock Report on National Beverage

Institutional Investors Weigh In On National Beverage

Institutional investors and hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new stake in shares of National Beverage during the fourth quarter worth $30,000. GAMMA Investing LLC acquired a new stake in shares of National Beverage during the fourth quarter worth $34,000. SG Americas Securities LLC acquired a new stake in shares of National Beverage during the fourth quarter worth $175,000. Mutual of America Capital Management LLC acquired a new stake in shares of National Beverage during the fourth quarter worth $203,000. Finally, ProShare Advisors LLC raised its position in National Beverage by 7.4% during the first quarter. ProShare Advisors LLC now owns 4,773 shares of the company’s stock valued at $227,000 after buying an additional 330 shares during the period. 23.95% of the stock is owned by institutional investors and hedge funds.

About National Beverage

(Get Free Report)

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 C├║rate, 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.

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