National Beverage (NASDAQ:FIZZ) Trading 4.9% Higher – Here’s What Happened

National Beverage Corp. (NASDAQ:FIZZ)’s stock price rose 4.9% on Monday . The stock traded as high as $42.70 and last traded at $42.87. Approximately 175,806 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 169,829 shares. The stock had previously closed at $40.87.

Analyst Upgrades and Downgrades

Separately, UBS Group decreased their target price on National Beverage from $46.00 to $41.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th.

National Beverage Price Performance

The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 20.48 and a beta of 0.87. The company’s 50-day moving average price is $41.44 and its two-hundred day moving average price is $44.63.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings results on Thursday, March 6th. The company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). National Beverage had a net margin of 15.63% and a return on equity of 42.80%. The company had revenue of $267.05 million for the quarter, compared to analyst estimates of $282.22 million.

Insiders Place Their Bets

In related news, 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 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 74.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On National Beverage

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC boosted its stake in National Beverage by 1,292.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 27,270 shares of the company’s stock worth $1,156,000 after purchasing an additional 25,311 shares in the last quarter. Jennison Associates LLC bought a new position in National Beverage in the 3rd quarter worth approximately $1,126,000. Barclays PLC lifted its position 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 buying an additional 33,275 shares in the last quarter. Asset Management One Co. Ltd. purchased a new stake in National Beverage during the fourth quarter valued at $746,000. Finally, Geode Capital Management LLC increased its position 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 last quarter. 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.