National Beverage Corp. $FIZZ Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ) by 9.6% during the 1st quarter, HoldingsChannel reports. The fund owned 1,582,865 shares of the company’s stock after purchasing an additional 138,433 shares during the period. Dimensional Fund Advisors LP’s holdings in National Beverage were worth $53,265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its holdings in shares of National Beverage by 958.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 900 shares of the company’s stock valued at $29,000 after purchasing an additional 815 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in shares of National Beverage by 156.6% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,111 shares of the company’s stock valued at $35,000 after acquiring an additional 678 shares during the period. Jessup Wealth Management Inc acquired a new stake in National Beverage during the 4th quarter valued at $38,000. Brown Brothers Harriman & Co. lifted its position in shares of National Beverage by 213.5% during the third quarter. Brown Brothers Harriman & Co. now owns 1,066 shares of the company’s stock worth $39,000 after purchasing an additional 726 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in National Beverage during the 3rd quarter valued at about $39,000. Hedge funds and other institutional investors own 23.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FIZZ. Weiss Ratings reissued a “sell (d+)” rating on shares of National Beverage in a research note on Wednesday, June 24th. UBS Group reiterated a “sell” rating and issued a $33.00 price target (down from $35.00) on shares of National Beverage in a report on Friday, June 26th. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell” and a consensus price target of $33.00.

National Beverage Stock Down 1.3%

FIZZ opened at $31.64 on Friday. The business has a 50 day moving average of $33.81 and a 200-day moving average of $34.41. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 16.14 and a beta of 0.79. National Beverage Corp. has a 12-month low of $30.01 and a 12-month high of $47.47.

National Beverage (NASDAQ:FIZZ) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.04). National Beverage had a net margin of 15.56% and a return on equity of 32.20%. The firm had revenue of $297.12 million during the quarter, compared to analyst estimates of $294.81 million.

National Beverage Announces Dividend

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

About National Beverage

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.