Envestnet Asset Management Inc. lifted its stake in shares of National Beverage Corp. (NASDAQ:FIZZ – Free Report) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 130,586 shares of the company’s stock after acquiring an additional 3,195 shares during the quarter. Envestnet Asset Management Inc.’s holdings in National Beverage were worth $6,314,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in FIZZ. HighTower Advisors LLC grew its stake in shares of National Beverage by 10.5% during the 1st quarter. HighTower Advisors LLC now owns 21,463 shares of the company’s stock valued at $935,000 after acquiring an additional 2,034 shares during the period. Private Advisor Group LLC boosted its stake in National Beverage by 15.0% in the 1st quarter. Private Advisor Group LLC now owns 10,705 shares of the company’s stock worth $466,000 after purchasing an additional 1,394 shares during the period. Citigroup Inc. boosted its stake in National Beverage by 3.8% in the 1st quarter. Citigroup Inc. now owns 27,880 shares of the company’s stock worth $1,213,000 after purchasing an additional 1,016 shares during the period. Bank of Montreal Can boosted its stake in National Beverage by 14.8% in the 1st quarter. Bank of Montreal Can now owns 7,023 shares of the company’s stock worth $314,000 after purchasing an additional 906 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in National Beverage in the 1st quarter worth approximately $1,061,000. 23.09% of the stock is currently owned by institutional investors.
Insider Transactions at National Beverage
In other news, Director Cecil D. Conlee sold 3,021 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $45.74, for a total transaction of $138,180.54. Following the sale, the director now directly owns 63,659 shares of the company’s stock, valued at approximately $2,911,762.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Cecil D. Conlee sold 5,335 shares of the stock in a transaction on Wednesday, October 18th. The stock was sold at an average price of $45.44, for a total transaction of $242,422.40. Following the sale, the director now owns 53,480 shares in the company, valued at approximately $2,430,131.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cecil D. Conlee sold 3,021 shares of the stock in a transaction on Monday, October 16th. The shares were sold at an average price of $45.74, for a total value of $138,180.54. Following the sale, the director now owns 63,659 shares in the company, valued at approximately $2,911,762.66. The disclosure for this sale can be found here. Insiders own 75.00% of the company’s stock.
Wall Street Analyst Weigh In
National Beverage Price Performance
FIZZ stock opened at $47.94 on Friday. National Beverage Corp. has a 1-year low of $42.09 and a 1-year high of $55.12. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 28.54 and a beta of 0.93. The business has a 50 day simple moving average of $46.85 and a two-hundred day simple moving average of $49.38.
National Beverage (NASDAQ:FIZZ – Get Free Report) last issued its quarterly earnings data on Thursday, September 7th. The company reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. The business had revenue of $324.24 million for the quarter, compared to analysts’ expectations of $327.66 million. National Beverage had a return on equity of 43.78% and a net margin of 13.26%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.38 EPS.
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.
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