New York State Teachers Retirement System Cuts Position in National Beverage Corp. (NASDAQ:FIZZ)

New York State Teachers Retirement System lessened its stake in National Beverage Corp. (NASDAQ:FIZZ) by 8.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 23,440 shares of the company’s stock after selling 2,273 shares during the quarter. New York State Teachers Retirement System’s holdings in National Beverage were worth $1,000,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jennison Associates LLC bought a new stake in shares of National Beverage in the third quarter worth $1,126,000. Barclays PLC increased its stake in shares of National Beverage by 389.9% in the third quarter. Barclays PLC now owns 41,810 shares of the company’s stock worth $1,962,000 after buying an additional 33,275 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of National Beverage by 4.2% in the third quarter. Geode Capital Management LLC now owns 706,076 shares of the company’s stock worth $33,148,000 after buying an additional 28,688 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in shares of National Beverage in the fourth quarter worth $746,000. Finally, Versor Investments LP bought a new stake in shares of National Beverage in the third quarter worth $615,000. Institutional investors own 23.95% of the company’s stock.

Insider Activity

In other news, Director Cecil D. Conlee sold 2,736 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $47.01, for a total transaction of $128,619.36. Following the completion of the transaction, the director now owns 53,744 shares of the company’s stock, valued at approximately $2,526,505.44. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 74.80% of the company’s stock.

National Beverage Trading Up 3.7 %

Shares of NASDAQ:FIZZ opened at $40.68 on Monday. The company has a fifty day simple moving average of $42.31 and a 200 day simple moving average of $45.05. The firm has a market cap of $3.81 billion, a PE ratio of 20.44 and a beta of 0.84. National Beverage Corp. has a 12-month low of $38.68 and a 12-month high of $53.48.

National Beverage (NASDAQ:FIZZ) last released its quarterly earnings data on Thursday, December 5th. The company reported $0.49 EPS for the quarter. National Beverage had a net margin of 15.63% and a return on equity of 42.80%.

National Beverage 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.