Natixis Advisors L.P. Lowers Holdings in National Beverage Corp. (NASDAQ:FIZZ)

Natixis Advisors L.P. lowered its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 386,513 shares of the company’s stock after selling 1,780 shares during the quarter. Natixis Advisors L.P. owned about 0.41% of National Beverage worth $19,217,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in National Beverage by 43.7% during 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 during the period. Strs Ohio raised its position in shares of National Beverage by 3.4% in the 3rd quarter. Strs Ohio now owns 15,200 shares of the company’s stock worth $714,000 after buying an additional 500 shares during the period. Teacher Retirement System of Texas acquired a new position in National Beverage in the third quarter valued at $326,000. Assenagon Asset Management S.A. increased its stake in National Beverage by 53.4% during the third quarter. Assenagon Asset Management S.A. now owns 56,050 shares of the company’s stock worth $2,635,000 after acquiring an additional 19,513 shares during the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new position in shares of National Beverage in the 3rd quarter worth about $666,000. 23.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at National Beverage

In related news, Director Cecil D. Conlee sold 12,000 shares of the stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $47.94, for a total value of $575,280.00. Following the completion of the sale, the director now directly owns 60,480 shares in the company, valued at approximately $2,899,411.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 75.00% of the company’s stock.

National Beverage Price Performance

NASDAQ FIZZ opened at $46.40 on Monday. National Beverage Corp. has a 1-year low of $43.14 and a 1-year high of $55.12. The firm has a market capitalization of $4.34 billion, a P/E ratio of 25.64 and a beta of 0.87. The business’s 50-day simple moving average is $47.64 and its 200-day simple moving average is $48.23.

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