National Beverage Corp. (NASDAQ:FIZZ) Position Lessened by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,847 shares of the company’s stock after selling 754 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in National Beverage were worth $539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Covestor Ltd grew its position in shares of National Beverage by 12.9% in the third quarter. Covestor Ltd now owns 2,621 shares of the company’s stock valued at $123,000 after purchasing an additional 299 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of National Beverage in the fourth quarter valued at about $175,000. IFP Advisors Inc grew its position in shares of National Beverage by 11.0% in the third quarter. IFP Advisors Inc now owns 3,921 shares of the company’s stock valued at $184,000 after purchasing an additional 388 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of National Beverage by 43.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,248 shares of the company’s stock valued at $200,000 after purchasing an additional 1,292 shares during the last quarter. Finally, Pearl River Capital LLC acquired a new stake in shares of National Beverage in the third quarter valued at about $221,000. 23.95% of the stock is owned by institutional investors and hedge funds.

National Beverage Stock Down 2.3 %

FIZZ stock opened at $43.51 on Friday. National Beverage Corp. has a twelve month low of $43.45 and a twelve month high of $55.12. The company has a market cap of $4.07 billion, a PE ratio of 24.04 and a beta of 0.84. The business’s 50-day simple moving average is $48.27 and its 200 day simple moving average is $48.23.

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

Insider Buying and Selling

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

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.