National Beverage (NASDAQ:FIZZ) PT Raised to $48.00 at UBS Group

National Beverage (NASDAQ:FIZZ - Free Report) had its target price raised by UBS Group from $47.00 to $48.00 in a research note issued to investors on Friday, Benzinga reports. They currently have a sell rating on the stock.

National Beverage Stock Performance

Shares of NASDAQ FIZZ traded up $0.49 during trading on Friday, hitting $51.24. The company had a trading volume of 896,085 shares, compared to its average volume of 167,864. The company has a market cap of $4.79 billion, a P/E ratio of 27.11 and a beta of 0.79. National Beverage has a 52 week low of $42.85 and a 52 week high of $55.12. The business's 50-day moving average is $46.64 and its 200 day moving average is $48.08.

National Beverage Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, July 24th. Shareholders of record on Monday, June 24th will be paid a dividend of $3.25 per share. This is an increase from National Beverage's previous dividend of $3.00. The ex-dividend date is Monday, June 24th.

Insider Buying and Selling at National Beverage

In other National Beverage news, Director Cecil D. Conlee sold 12,000 shares of the business's stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $47.94, for a total transaction of $575,280.00. Following the sale, the director now directly owns 60,480 shares of the company's stock, valued at approximately $2,899,411.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 75.00% of the company's stock.

Hedge Funds Weigh In On National Beverage

Institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. boosted its holdings in National Beverage by 77.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 99,399 shares of the company's stock worth $4,942,000 after purchasing an additional 43,349 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in National Beverage by 3.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,101,778 shares of the company's stock worth $54,780,000 after purchasing an additional 39,985 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in National Beverage by 59.9% in the third quarter. Qube Research & Technologies Ltd now owns 117,144 shares of the company's stock worth $5,508,000 after purchasing an additional 43,864 shares in the last quarter. Headlands Technologies LLC bought a new stake in National Beverage in the fourth quarter worth $30,000. Finally, Lido Advisors LLC bought a new stake in National Beverage in the third quarter worth $462,000. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

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.