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 company’s stock in a transaction dated Thursday, December 12th. The stock was 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 in the company, valued at approximately $2,526,505.44. The trade was a 4.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

National Beverage Price Performance

National Beverage stock opened at $46.52 on Wednesday. National Beverage Corp. has a one year low of $42.85 and a one year high of $53.58. The business’s fifty day moving average is $47.37 and its 200 day moving average is $47.37. The stock has a market capitalization of $4.35 billion, a PE ratio of 23.38 and a beta of 0.83.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Canada Pension Plan Investment Board bought a new stake in National Beverage in the 2nd quarter worth approximately $31,000. Quarry LP grew its holdings in shares of National Beverage by 584.9% in the second quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after acquiring an additional 544 shares during the period. Blue Trust Inc. grew its holdings in shares of National Beverage by 323.0% in the third quarter. Blue Trust Inc. now owns 643 shares of the company’s stock worth $33,000 after acquiring an additional 491 shares during the period. Quest Partners LLC bought a new position in National Beverage in the second quarter valued at about $34,000. Finally, Headlands Technologies LLC lifted its holdings in National Beverage by 760.2% in the second quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after acquiring an additional 745 shares during the period. 23.95% of the stock is 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.