National Beverage (NASDAQ:FIZZ) Reaches New 12-Month Low – Here’s What Happened

Shares of National Beverage Corp. (NASDAQ:FIZZ) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $41.98 and last traded at $42.15, with a volume of 30636 shares trading hands. The stock had previously closed at $42.89.

National Beverage Stock Performance

The firm has a market cap of $3.96 billion, a P/E ratio of 21.23 and a beta of 0.86. The stock’s 50-day moving average is $45.67 and its 200 day moving average is $46.45.

National Beverage (NASDAQ:FIZZ) last announced its quarterly earnings results on Thursday, December 5th. The company reported $0.49 earnings per share (EPS) for the quarter. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Insider Buying and Selling

In related news, Director Cecil D. Conlee sold 2,736 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $47.01, for a total value of $128,619.36. Following the sale, the director now directly owns 53,744 shares of the company’s stock, valued at approximately $2,526,505.44. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 74.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On National Beverage

A number of large investors have recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new position in shares of National Beverage during the third quarter worth about $1,126,000. Barclays PLC raised its position in National Beverage by 389.9% in the 3rd quarter. Barclays PLC now owns 41,810 shares of the company’s stock valued at $1,962,000 after buying an additional 33,275 shares during the last quarter. Geode Capital Management LLC lifted its stake in National Beverage by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 706,076 shares of the company’s stock valued at $33,148,000 after acquiring an additional 28,688 shares in the last quarter. SG Americas Securities LLC boosted its position in National Beverage by 11.6% during the 3rd quarter. SG Americas Securities LLC now owns 11,066 shares of the company’s stock worth $519,000 after acquiring an additional 1,146 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of National Beverage by 8.3% during the 3rd quarter. New York State Teachers Retirement System now owns 25,713 shares of the company’s stock worth $1,207,000 after acquiring an additional 1,967 shares in the last quarter. Institutional investors 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.