National Beverage (NASDAQ:FIZZ) Reaches New 1-Year Low – Here’s Why

Shares of National Beverage Corp. (NASDAQ:FIZZ) reached a new 52-week low on Monday . The company traded as low as $41.51 and last traded at $41.57, with a volume of 396 shares traded. The stock had previously closed at $42.05.

National Beverage Trading Down 1.9 %

The company has a market cap of $3.77 billion, a PE ratio of 20.26 and a beta of 0.84. The stock has a 50 day moving average price of $44.57 and a 200 day moving average price of $45.85.

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

Insider Buying and Selling

In other National Beverage news, Director Cecil D. Conlee sold 2,736 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 53,744 shares in the company, valued at approximately $2,526,505.44. This trade represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 74.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On National Beverage

A number of institutional investors have recently made changes to their positions in the company. Jennison Associates LLC bought a new position in National Beverage in the 3rd quarter valued at approximately $1,126,000. Barclays PLC grew its holdings in shares of National Beverage by 389.9% in the third 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 period. Geode Capital Management LLC grew its stake in shares of National Beverage by 4.2% during the 3rd quarter. Geode Capital Management LLC now owns 706,076 shares of the company’s stock valued at $33,148,000 after purchasing an additional 28,688 shares during the period. SG Americas Securities LLC grew its position in National Beverage by 11.6% during the third quarter. SG Americas Securities LLC now owns 11,066 shares of the company’s stock valued at $519,000 after buying an additional 1,146 shares during the period. Finally, New York State Teachers Retirement System raised its position in National Beverage by 8.3% in the third 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 during the period. Hedge funds and other institutional investors own 23.95% of the company’s stock.

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.