National Beverage Corp. (NASDAQ:FIZZ) Director Cecil D. Conlee Sells 2,736 Shares of Stock

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

National Beverage Price Performance

National Beverage stock opened at $46.39 on Tuesday. The company’s 50-day moving average is $47.30 and its 200-day moving average is $47.37. The firm has a market capitalization of $4.34 billion, a PE ratio of 23.52 and a beta of 0.83. National Beverage Corp. has a fifty-two week low of $42.85 and a fifty-two week high of $53.58.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in National Beverage by 3.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company’s stock worth $58,680,000 after purchasing an additional 40,488 shares during the period. Geode Capital Management LLC boosted its holdings 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 worth $33,148,000 after buying an additional 28,688 shares during the period. Natixis Advisors LLC boosted its holdings in shares of National Beverage by 0.7% during the 2nd quarter. Natixis Advisors LLC now owns 385,397 shares of the company’s stock worth $19,748,000 after buying an additional 2,850 shares during the period. Envestnet Asset Management Inc. grew its stake in National Beverage by 13.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company’s stock valued at $11,337,000 after buying an additional 26,729 shares during the last quarter. Finally, RK Asset Management LLC raised its holdings in National Beverage by 0.4% in the 3rd quarter. RK Asset Management LLC now owns 198,744 shares of the company’s stock valued at $9,329,000 after acquiring an additional 739 shares during the period. 23.95% of the stock is owned by institutional investors and hedge funds.

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.