New York State Teachers Retirement System Trims Stock Holdings in National Beverage Corp. (NASDAQ:FIZZ)

New York State Teachers Retirement System trimmed its holdings in National Beverage Corp. (NASDAQ:FIZZ) by 1.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 23,746 shares of the company’s stock after selling 300 shares during the quarter. New York State Teachers Retirement System’s holdings in National Beverage were worth $1,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. purchased a new position in shares of National Beverage during the 4th quarter valued at $25,000. Quarry LP purchased a new position in shares of National Beverage during the 2nd quarter valued at $28,000. Point72 Hong Kong Ltd grew its position in shares of National Beverage by 80.1% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,187 shares of the company’s stock valued at $58,000 after purchasing an additional 528 shares in the last quarter. Point72 Middle East FZE purchased a new position in shares of National Beverage during the 4th quarter valued at $66,000. Finally, State of Wyoming grew its position in shares of National Beverage by 38.7% during the 2nd quarter. State of Wyoming now owns 1,662 shares of the company’s stock valued at $80,000 after purchasing an additional 464 shares in the last quarter. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Cecil D. Conlee sold 12,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $47.94, for a total value of $575,280.00. Following the completion of the transaction, the director now directly owns 60,480 shares in the company, valued at $2,899,411.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 75.00% of the stock is owned by company insiders.

National Beverage Price Performance

FIZZ opened at $44.91 on Thursday. The company has a fifty day moving average price of $48.81 and a 200-day moving average price of $48.36. The firm has a market capitalization of $4.20 billion, a P/E ratio of 24.81 and a beta of 0.84. National Beverage Corp. has a one year low of $43.74 and a one year high of $55.12.

National Beverage (NASDAQ:FIZZ) last announced its earnings results on Thursday, March 7th. The company reported $0.42 earnings per share (EPS) for the quarter. National Beverage had a net margin of 14.34% and a return on equity of 38.23%. The company had revenue of $270.07 million during the quarter.

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.