Gamco Investors INC. ET AL Acquires 1,000 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Gamco Investors INC. ET AL boosted its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 2.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,578 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Gamco Investors INC. ET AL owned about 0.06% of National Beverage worth $2,448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FIZZ. Headlands Technologies LLC purchased a new position in shares of National Beverage in the 4th quarter worth approximately $30,000. GAMMA Investing LLC purchased a new position in National Beverage during the fourth quarter worth $34,000. SG Americas Securities LLC bought a new position in National Beverage during the fourth quarter valued at $175,000. Mutual of America Capital Management LLC purchased a new stake in shares of National Beverage in the fourth quarter valued at $203,000. Finally, ProShare Advisors LLC lifted its holdings in shares of National Beverage by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 4,773 shares of the company’s stock worth $227,000 after acquiring an additional 330 shares during the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, UBS Group lifted their price target 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.

Insiders Place Their Bets

In related news, Director Cecil D. Conlee sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $50.11, for a total value of $501,100.00. Following the transaction, the director now owns 56,480 shares of the company’s stock, valued at $2,830,212.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Stanley Michael Sheridan sold 16,000 shares of the business’s stock in a transaction dated Friday, July 5th. The shares were 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 owns 76,508 shares in the company, valued at approximately $3,963,879.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Cecil D. Conlee sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $50.11, for a total transaction of $501,100.00. Following the transaction, the director now owns 56,480 shares in the company, valued at $2,830,212.80. The disclosure for this sale can be found here. Insiders own 75.00% of the company’s stock.

National Beverage Trading Up 1.1 %

Shares of NASDAQ FIZZ traded up $0.56 during midday trading on Friday, hitting $49.98. The company’s stock had a trading volume of 158,783 shares, compared to its average volume of 262,582. National Beverage Corp. has a 12-month low of $42.85 and a 12-month high of $55.12. The firm has a market cap of $4.68 billion, a P/E ratio of 26.44 and a beta of 0.84. The business’s 50 day moving average is $48.57 and its two-hundred day moving average is $48.13.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Wednesday, June 26th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The business 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 business also recently disclosed a dividend, which was paid on Wednesday, July 24th. Investors of record on Monday, June 24th were 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 was Monday, June 24th.

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.