Comerica Bank Sells 596 Shares of National Beverage Corp. (NASDAQ:FIZZ)



Comerica Bank decreased its holdings in National Beverage Corp. (NASDAQ:FIZZ – Get Rating) by 3.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,671 shares of the company’s stock after selling 596 shares during the period. Comerica Bank’s holdings in National Beverage were worth $777,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of National Beverage by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 976,069 shares of the company’s stock worth $44,246,000 after purchasing an additional 10,419 shares in the last quarter. Natixis Advisors L.P. increased its position in shares of National Beverage by 1.6% during the fourth quarter. Natixis Advisors L.P. now owns 343,901 shares of the company’s stock worth $15,589,000 after purchasing an additional 5,543 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of National Beverage by 3.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 123,782 shares of the company’s stock worth $5,611,000 after purchasing an additional 4,596 shares in the last quarter. First Trust Advisors LP increased its position in shares of National Beverage by 7.9% during the fourth quarter. First Trust Advisors LP now owns 92,841 shares of the company’s stock worth $4,208,000 after purchasing an additional 6,762 shares in the last quarter. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of National Beverage during the fourth quarter worth $3,732,000. 25.42% of the stock is owned by institutional investors and hedge funds.

Insider Activity at National Beverage

In related news, Director Cecil D. Conlee sold 12,000 shares of the company’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $49.52, for a total value of $594,240.00. Following the transaction, the director now directly owns 68,680 shares of the company’s stock, valued at approximately $3,401,033.60. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 75.00% of the stock is owned by insiders.

National Beverage Stock Performance

Shares of FIZZ stock opened at $54.18 on Friday. The business’s fifty day simple moving average is $48.46 and its 200-day simple moving average is $45.74. The company has a market cap of $5.06 billion, a PE ratio of 32.06 and a beta of 0.87. The company has a current ratio of 1.89, a quick ratio of 1.18 and a debt-to-equity ratio of 0.13. National Beverage Corp. has a 12-month low of $38.10 and a 12-month high of $64.67.

National Beverage (NASDAQ:FIZZ – Get Rating) last released its earnings results on Wednesday, June 29th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.10). National Beverage had a net margin of 13.93% and a return on equity of 48.76%. The firm had revenue of $284.22 million during the quarter, compared to analyst estimates of $293.70 million. Analysts expect that National Beverage Corp. will post 1.82 earnings per share for the current fiscal year.

National Beverage Profile

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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 offers beverages to the active and health-conscious consumers, including sparkling waters, energy drinks, and juices under the LaCroix, LaCroix Cúrate, LaCroix NiCola, Clear Fruit, Rip It, Everfresh, Everfresh Premier Varietals, and Mr.

See Also

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Institutional Ownership by Quarter for National Beverage (NASDAQ:FIZZ)



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