Texas Permanent School Fund Corp Decreases Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Texas Permanent School Fund Corp cut its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 1.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 20,549 shares of the company’s stock after selling 381 shares during the quarter. Texas Permanent School Fund Corp’s holdings in National Beverage were worth $994,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of National Beverage by 0.5% in the 3rd quarter. BlackRock Inc. now owns 3,629,716 shares of the company’s stock worth $139,891,000 after buying an additional 18,278 shares during the last quarter. Vanguard Group Inc. increased its stake in National Beverage by 0.7% during the third quarter. Vanguard Group Inc. now owns 2,734,805 shares of the company’s stock worth $105,399,000 after acquiring an additional 19,104 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in National Beverage by 0.8% during the first quarter. Dimensional Fund Advisors LP now owns 1,002,357 shares of the company’s stock worth $52,842,000 after acquiring an additional 7,465 shares during the last quarter. State Street Corp raised its position in National Beverage by 1.0% during the third quarter. State Street Corp now owns 849,383 shares of the company’s stock valued at $32,735,000 after purchasing an additional 8,618 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of National Beverage by 1.3% in the 1st quarter. Geode Capital Management LLC now owns 552,781 shares of the company’s stock valued at $29,143,000 after purchasing an additional 6,971 shares during the last quarter. Institutional investors own 23.09% of the company’s stock.

Insiders Place Their Bets

In other news, Director Cecil D. Conlee sold 5,335 shares of the business’s stock in a transaction on Wednesday, October 18th. The shares were sold at an average price of $45.44, for a total transaction of $242,422.40. Following the completion of the sale, the director now directly owns 53,480 shares of the company’s stock, valued at $2,430,131.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Cecil D. Conlee sold 3,021 shares of National Beverage stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $45.74, for a total transaction of $138,180.54. Following the completion of the sale, the director now owns 63,659 shares of the company’s stock, valued at $2,911,762.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Cecil D. Conlee sold 5,335 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $45.44, for a total value of $242,422.40. Following the completion of the transaction, the director now directly owns 53,480 shares in the company, valued at approximately $2,430,131.20. The disclosure for this sale can be found here. Insiders own 75.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on National Beverage in a report on Thursday, October 5th. They set a “hold” rating on the stock.

National Beverage Trading Up 0.4 %

FIZZ stock opened at $47.94 on Monday. The stock has a market cap of $4.48 billion, a PE ratio of 28.54 and a beta of 0.93. National Beverage Corp. has a 12 month low of $42.09 and a 12 month high of $55.12. The company has a 50-day moving average price of $46.85 and a 200 day moving average price of $49.35.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, September 7th. The company reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. National Beverage had a return on equity of 43.78% and a net margin of 13.26%. The firm had revenue of $324.24 million for the quarter, compared to analysts’ expectations of $327.66 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis.

National Beverage 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.