Allspring Global Investments Holdings LLC Acquires 25,311 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Allspring Global Investments Holdings LLC boosted its position in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 1,292.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,270 shares of the company's stock after purchasing an additional 25,311 shares during the period. Allspring Global Investments Holdings LLC's holdings in National Beverage were worth $1,156,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FIZZ. Franklin Resources Inc. boosted its holdings in shares of National Beverage by 3.4% during the 3rd quarter. Franklin Resources Inc. now owns 11,547 shares of the company's stock worth $528,000 after buying an additional 383 shares during the period. GAMMA Investing LLC raised its holdings in shares of National Beverage by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 1,594 shares of the company's stock valued at $68,000 after buying an additional 484 shares during the last quarter. Blue Trust Inc. lifted its holdings in National Beverage by 323.0% during the 3rd quarter. Blue Trust Inc. now owns 643 shares of the company's stock worth $33,000 after buying an additional 491 shares in the last quarter. Linden Thomas Advisory Services LLC lifted its position in National Beverage by 1.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 37,256 shares of the company's stock valued at $1,590,000 after purchasing an additional 564 shares during the period. Finally, KBC Group NV grew its stake in shares of National Beverage by 89.3% during the fourth quarter. KBC Group NV now owns 1,357 shares of the company's stock worth $58,000 after purchasing an additional 640 shares during the period. Institutional investors and hedge funds own 23.95% of the company's stock.

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Insider Buying and Selling

In related news, Director Cecil D. Conlee sold 2,736 shares of National Beverage stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $47.01, for a total value of $128,619.36. Following the completion of the sale, the director now owns 53,744 shares of the company's stock, valued at approximately $2,526,505.44. This trade represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 74.80% of the stock is owned by corporate insiders.

National Beverage Price Performance

Shares of National Beverage stock traded down $1.52 on Wednesday, hitting $40.41. The company had a trading volume of 46,593 shares, compared to its average volume of 172,793. The firm has a market capitalization of $3.78 billion, a P/E ratio of 20.31 and a beta of 0.84. The stock has a 50-day moving average of $42.11 and a 200-day moving average of $44.98. National Beverage Corp. has a twelve month low of $38.68 and a twelve month high of $53.48.

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

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.