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

National Beverage Corp. (NASDAQ:FIZZ) Director Cecil D. Conlee sold 2,736 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $47.01, for a total transaction of $128,619.36. Following the completion of the transaction, the director now owns 53,744 shares of the company’s stock, valued at $2,526,505.44. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

National Beverage Stock Down 0.6 %

Shares of National Beverage stock traded down $0.30 during trading on Monday, hitting $46.39. 163,091 shares of the stock traded hands, compared to its average volume of 168,993. The firm’s fifty day moving average is $47.30 and its 200-day moving average is $47.37. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 23.52 and a beta of 0.83. National Beverage Corp. has a 52 week low of $42.85 and a 52 week high of $53.58.

Institutional Trading of National Beverage

Several hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its holdings in shares of National Beverage by 3.4% in the third quarter. Franklin Resources Inc. now owns 11,547 shares of the company’s stock worth $528,000 after buying an additional 383 shares during the period. Geode Capital Management LLC increased its stake in National Beverage by 4.2% in the 3rd quarter. Geode Capital Management LLC now owns 706,076 shares of the company’s stock worth $33,148,000 after purchasing an additional 28,688 shares during the period. Barclays PLC increased its stake in National Beverage by 389.9% in the 3rd quarter. Barclays PLC now owns 41,810 shares of the company’s stock worth $1,962,000 after purchasing an additional 33,275 shares during the period. Point72 DIFC Ltd bought a new stake in National Beverage in the third quarter valued at approximately $180,000. Finally, HighTower Advisors LLC grew its holdings in shares of National Beverage by 6.3% in the third quarter. HighTower Advisors LLC now owns 33,709 shares of the company’s stock worth $1,584,000 after purchasing an additional 1,988 shares during the last quarter. 23.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, UBS Group decreased their price objective on shares of National Beverage from $46.00 to $45.00 and set a “sell” rating on the stock in a research 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.