22,181 Shares in National Beverage Corp. $FIZZ Acquired by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new stake in National Beverage Corp. (NASDAQ:FIZZ) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 22,181 shares of the company’s stock, valued at approximately $692,000.

Several other institutional investors have also recently bought and sold shares of FIZZ. KBC Group NV acquired a new position in shares of National Beverage during the 1st quarter worth approximately $1,578,000. Denali Advisors LLC boosted its holdings in shares of National Beverage by 22.2% in the 4th quarter. Denali Advisors LLC now owns 222,762 shares of the company’s stock valued at $7,104,000 after buying an additional 40,500 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of National Beverage by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,582,865 shares of the company’s stock valued at $53,265,000 after buying an additional 138,433 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of National Beverage in the second quarter valued at $3,597,000. Finally, Algert Global LLC increased its holdings in National Beverage by 54.5% during the second quarter. Algert Global LLC now owns 273,849 shares of the company’s stock worth $8,544,000 after buying an additional 96,550 shares during the last quarter. Institutional investors own 23.95% of the company’s stock.

National Beverage Stock Up 0.3%

FIZZ opened at $32.58 on Friday. National Beverage Corp. has a 12-month low of $30.01 and a 12-month high of $42.61. The business has a 50 day moving average of $32.03 and a 200-day moving average of $34.13. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 16.62 and a beta of 0.78.

National Beverage (NASDAQ:FIZZ) last posted its earnings results 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). National Beverage had a return on equity of 32.20% and a net margin of 15.56%.The business had revenue of $297.12 million for the quarter, compared to analyst estimates of $294.81 million.

National Beverage Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. 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 reissued 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 research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price 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.