Allspring Global Investments Holdings LLC Sells 11,237 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Allspring Global Investments Holdings LLC trimmed its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 79.2% during the fourth quarter, HoldingsChannel reports. The fund owned 2,956 shares of the company’s stock after selling 11,237 shares during the period. Allspring Global Investments Holdings LLC’s holdings in National Beverage were worth $147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB boosted its position in shares of National Beverage by 3.6% during the third quarter. Handelsbanken Fonder AB now owns 6,483 shares of the company’s stock worth $305,000 after buying an additional 225 shares during the period. Simplicity Solutions LLC grew its stake in shares of National Beverage by 9.3% during the 3rd quarter. Simplicity Solutions LLC now owns 12,729 shares of the company’s stock worth $599,000 after acquiring an additional 1,088 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in shares of National Beverage by 2.7% in the third quarter. Linden Thomas Advisory Services LLC now owns 30,336 shares of the company’s stock valued at $1,426,000 after purchasing an additional 787 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted 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 worth $200,000 after purchasing an additional 1,292 shares in the last quarter. Finally, Strs Ohio boosted its holdings in National Beverage by 3.4% during the third quarter. Strs Ohio now owns 15,200 shares of the company’s stock worth $714,000 after purchasing an additional 500 shares during the last quarter. 23.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at National Beverage

In related news, Director Cecil D. Conlee sold 12,000 shares of the firm’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 of the company’s stock, valued at $2,899,411.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 75.00% of the company’s stock.

National Beverage Trading Up 0.1 %

Shares of FIZZ stock opened at $43.56 on Monday. The firm’s fifty day moving average price is $48.15 and its two-hundred day moving average price is $48.23. National Beverage Corp. has a 1 year low of $43.33 and a 1 year high of $55.12. The firm has a market capitalization of $4.07 billion, a P/E ratio of 24.07 and a beta of 0.84.

National Beverage (NASDAQ:FIZZ) last released its earnings results on Thursday, March 7th. The company reported $0.42 earnings per share (EPS) 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.

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.