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

National Beverage Corp. (NASDAQ:FIZZ) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $39.26 and last traded at $39.46, with a volume of 3294 shares. The stock had previously closed at $39.50.

National Beverage Trading Up 0.1 %

The company has a market cap of $3.67 billion, a price-to-earnings ratio of 19.71 and a beta of 0.84. The business has a fifty day moving average price of $42.59 and a two-hundred day moving average price of $45.15.

National Beverage (NASDAQ:FIZZ) last issued its earnings results on Thursday, December 5th. The company reported $0.49 earnings per share for the quarter. National Beverage had a return on equity of 42.80% and a net margin of 15.63%.

Insider Activity

In other news, 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 value of $128,619.36. Following the transaction, the director now owns 53,744 shares in the company, valued at $2,526,505.44. This represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 74.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On National Beverage

Hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new position in National Beverage in the third quarter worth approximately $1,126,000. Barclays PLC increased its holdings in 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 during the last quarter. Geode Capital Management LLC increased its holdings in National Beverage by 4.2% in the third 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 last quarter. New York State Teachers Retirement System increased its holdings in National Beverage by 8.3% in the third quarter. New York State Teachers Retirement System now owns 25,713 shares of the company’s stock worth $1,207,000 after buying an additional 1,967 shares during the last quarter. Finally, Versor Investments LP acquired a new position in National Beverage in the third quarter worth approximately $615,000. Institutional investors and hedge funds 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.