National Beverage Corp. $FIZZ Shares Bought by Algert Global LLC

Algert Global LLC raised its stake in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 54.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 273,849 shares of the company's stock after buying an additional 96,550 shares during the quarter. Algert Global LLC owned approximately 0.29% of National Beverage worth $8,544,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of FIZZ. Rockefeller Capital Management L.P. raised its stake in National Beverage by 958.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company's stock worth $29,000 after purchasing an additional 815 shares during the period. Allworth Financial LP purchased a new stake in shares of National Beverage in the 2nd quarter valued at approximately $34,000. Aster Capital Management DIFC Ltd grew its stake in shares of National Beverage by 156.6% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,111 shares of the company's stock valued at $35,000 after buying an additional 678 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of National Beverage during the 2nd quarter worth approximately $37,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of National Beverage during the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 23.95% of the company's stock.

National Beverage Stock Performance

National Beverage stock opened at $32.96 on Thursday. The company's 50 day simple moving average is $32.18 and its 200-day simple moving average is $34.17. National Beverage Corp. has a 1 year low of $30.01 and a 1 year high of $43.05. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 16.82 and a beta of 0.78.

National Beverage (NASDAQ:FIZZ - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.04). The company had revenue of $297.12 million for the quarter, compared to analysts' expectations of $294.81 million. National Beverage had a return on equity of 32.20% and a net margin of 15.56%.

National Beverage Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, July 30th. Stockholders of record on Monday, July 13th were paid a $3.25 dividend. The ex-dividend date of this dividend was Monday, July 13th.

Analysts Set New Price Targets

Several analysts have recently commented on FIZZ shares. Weiss Ratings raised shares of National Beverage from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday. UBS Group reiterated a "sell" rating and issued a $33.00 price objective (down from $35.00) on shares of National Beverage in a research report on Friday, June 26th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $33.00.

National Beverage Company Profile

National Beverage Corp. NASDAQ: FIZZ is a U.S.-based beverage company specializing in the development, marketing and production of nonalcoholic refreshment products. The company's portfolio includes a range of sparkling waters, soft drinks and energy beverages designed for a variety of consumer tastes and dietary preferences. Through in-house bottling operations and strategic partnerships with co-packers, National Beverage manages production from flavor formulation to final packaging and distribution.

Founded in 1985, National Beverage has broadened its product lineup over the decades through both organic brand introductions and selective acquisitions.

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