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

National Beverage Corp. (NASDAQ:FIZZ) Director Cecil D. Conlee sold 2,736 shares of National Beverage 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 completion of the sale, the director now owns 53,744 shares in the company, valued at approximately $2,526,505.44. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

National Beverage Price Performance

FIZZ stock opened at $46.52 on Wednesday. National Beverage Corp. has a 1 year low of $42.85 and a 1 year high of $53.58. The firm has a 50-day moving average of $47.37 and a 200 day moving average of $47.37. The company has a market cap of $4.35 billion, a P/E ratio of 23.38 and a beta of 0.83.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Jennison Associates LLC purchased a new stake in National Beverage in the third quarter worth $1,126,000. Nisa Investment Advisors LLC increased its stake in shares of National Beverage by 3,226.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,713 shares of the company’s stock worth $529,000 after acquiring an additional 9,421 shares in the last quarter. SG Americas Securities LLC lifted 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 valued at $519,000 after acquiring an additional 1,146 shares during the period. New York State Teachers Retirement System boosted its stake in National Beverage by 8.3% during 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 in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in National Beverage by 307.6% in the second quarter. Squarepoint Ops LLC now owns 35,673 shares of the company’s stock worth $1,828,000 after purchasing an additional 26,920 shares during the period. Institutional investors own 23.95% of the company’s stock.

Analysts Set New Price Targets

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

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.