National Beverage Corp. (NASDAQ:FIZZ) Director Sells $128,619.36 in Stock

National Beverage Corp. (NASDAQ:FIZZ) Director Cecil D. Conlee sold 2,736 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $47.01, for a total transaction of $128,619.36. Following the completion of the transaction, the director now owns 53,744 shares of the company’s stock, valued at $2,526,505.44. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

National Beverage Stock Down 1.4 %

NASDAQ:FIZZ opened at $45.85 on Thursday. The business’s 50-day moving average price is $47.39 and its 200 day moving average price is $47.36. National Beverage Corp. has a 52-week low of $42.85 and a 52-week high of $53.58. The firm has a market cap of $4.29 billion, a P/E ratio of 23.04 and a beta of 0.83.

Analyst Upgrades and Downgrades

Separately, UBS Group cut their target price on National Beverage from $46.00 to $45.00 and set a “sell” rating for the company in a research report on Tuesday, September 10th.

Hedge Funds Weigh In On National Beverage

Several hedge funds have recently made changes to their positions in FIZZ. Assenagon Asset Management S.A. boosted its holdings in National Beverage by 84.9% during the third quarter. Assenagon Asset Management S.A. now owns 145,172 shares of the company’s stock worth $6,814,000 after buying an additional 66,661 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of National Beverage by 72.3% during the 3rd quarter. Verition Fund Management LLC now owns 148,892 shares of the company’s stock valued at $6,989,000 after acquiring an additional 62,464 shares during the last quarter. Algert Global LLC boosted its stake in shares of National Beverage by 69.3% during the 3rd quarter. Algert Global LLC now owns 102,098 shares of the company’s stock worth $4,792,000 after acquiring an additional 41,777 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of National Beverage by 3.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company’s stock worth $58,680,000 after acquiring an additional 40,488 shares in the last quarter. Finally, Barclays PLC grew its holdings in shares of National Beverage by 389.9% in the 3rd quarter. Barclays PLC now owns 41,810 shares of the company’s stock worth $1,962,000 after acquiring an additional 33,275 shares during the last quarter. Institutional investors and hedge funds own 23.95% of the company’s stock.

National Beverage Company Profile

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.