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

Shares of National Beverage Corp. (NASDAQ:FIZZ) reached a new 52-week low on Wednesday . The company 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 stock has a market cap of $3.96 billion, a P/E ratio of 21.23 and a beta of 0.86. The company has a 50-day simple moving average of $45.67 and a 200-day simple moving average of $46.45.

National Beverage (NASDAQ:FIZZ) last released 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 Transactions at National Beverage

In other news, Director Cecil D. Conlee sold 2,736 shares of the business’s stock in a transaction on 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 sale, the director now owns 53,744 shares in the company, valued at $2,526,505.44. The trade was a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 74.80% of the stock is owned by company insiders.

Institutional Trading of National Beverage

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC bought a new position in shares of National Beverage in the 3rd quarter valued at about $1,126,000. Barclays PLC lifted its holdings in National Beverage by 389.9% in the third 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 period. Geode Capital Management LLC boosted its stake in National Beverage by 4.2% in the third 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 during the last quarter. SG Americas Securities LLC raised its position in shares of National Beverage by 11.6% during the 3rd quarter. SG Americas Securities LLC now owns 11,066 shares of the company’s stock valued at $519,000 after acquiring an additional 1,146 shares during the last quarter. Finally, New York State Teachers Retirement System raised its position 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 valued at $1,207,000 after acquiring an additional 1,967 shares during the last quarter. 23.95% of the stock is currently owned by institutional investors and hedge funds.

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.