National Beverage (NASDAQ:FIZZ) Sets New 12-Month Low – Here’s What Happened

National Beverage Corp. (NASDAQ:FIZZ) shares hit a new 52-week low on Monday . The stock traded as low as $41.51 and last traded at $41.57, with a volume of 396 shares traded. The stock had previously closed at $42.05.

National Beverage Trading Down 0.7 %

The firm’s 50-day moving average price is $44.91 and its two-hundred day moving average price is $46.00. The stock has a market cap of $3.91 billion, a PE ratio of 21.04 and a beta of 0.84.

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

Insider Activity at National Beverage

In other National Beverage news, Director Cecil D. Conlee sold 2,736 shares of the company’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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 74.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in 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 in the last quarter. RK Asset Management LLC increased its stake in shares of National Beverage by 0.4% in the third quarter. RK Asset Management LLC now owns 198,744 shares of the company’s stock worth $9,329,000 after acquiring an additional 739 shares during the period. Cerity Partners LLC increased its stake in shares of National Beverage by 1.7% in the third quarter. Cerity Partners LLC now owns 179,574 shares of the company’s stock worth $8,429,000 after acquiring an additional 2,931 shares during the period. Verition Fund Management LLC increased its stake in shares of National Beverage by 72.3% in the third quarter. Verition Fund Management LLC now owns 148,892 shares of the company’s stock worth $6,989,000 after acquiring an additional 62,464 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of National Beverage by 84.9% in the third quarter. Assenagon Asset Management S.A. now owns 145,172 shares of the company’s stock worth $6,814,000 after acquiring an additional 66,661 shares during the period. 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.