National Beverage Corp. Announces Special Dividend of $3.25 (NASDAQ:FIZZ)

National Beverage Corp. (NASDAQ:FIZZ) announced a special dividend on Wednesday, July 1st. Shareholders of record on Monday, July 13th will be given a dividend of 3.25 per share on Thursday, July 30th. The ex-dividend date of this dividend is Monday, July 13th.

National Beverage Price Performance

FIZZ stock opened at $34.70 on Thursday. National Beverage has a 1-year low of $30.75 and a 1-year high of $47.89. The business has a fifty day moving average price of $35.00 and a 200-day moving average price of $34.51. The stock has a market capitalization of $3.25 billion, a P/E ratio of 17.09 and a beta of 0.79.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Wednesday, July 1st. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.04). National Beverage had a net margin of 15.71% and a return on equity of 36.00%. The business had revenue of $297.12 million for the quarter, compared to analysts’ expectations of $294.81 million.

Institutional Trading of National Beverage

Several large investors have recently modified their holdings of FIZZ. Rockefeller Capital Management L.P. increased its position in National Beverage by 958.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company’s stock valued at $29,000 after acquiring an additional 815 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its position in National Beverage by 156.6% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,111 shares of the company’s stock worth $35,000 after purchasing an additional 678 shares during the last quarter. Jessup Wealth Management Inc bought a new stake in shares of National Beverage during the 4th quarter valued at about $38,000. Brown Brothers Harriman & Co. grew its stake in shares of National Beverage by 213.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock valued at $39,000 after purchasing an additional 726 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in shares of National Beverage during the 3rd quarter valued at about $39,000. Institutional investors own 23.95% of the company’s stock.

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.