JPMorgan Chase & Co. Sells 12,984 Shares of National Beverage Corp. (NASDAQ:FIZZ)

JPMorgan Chase & Co. lowered its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 19.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,924 shares of the company's stock after selling 12,984 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of National Beverage worth $2,484,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. boosted its position in shares of National Beverage by 11.5% during the 2nd quarter. American Century Companies Inc. now owns 26,261 shares of the company's stock worth $1,346,000 after purchasing an additional 2,709 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in National Beverage by 13.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company's stock worth $11,337,000 after buying an additional 26,729 shares during the period. Dimensional Fund Advisors LP boosted its holdings in National Beverage by 3.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,145,227 shares of the company's stock worth $58,680,000 after acquiring an additional 40,488 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in National Beverage in the second quarter valued at approximately $31,000. Finally, Bridges Investment Management Inc. acquired a new stake in National Beverage in the second quarter valued at approximately $280,000. 23.95% of the stock is currently owned by institutional investors.

National Beverage Price Performance

Shares of NASDAQ:FIZZ traded up $0.39 during trading on Tuesday, reaching $42.89. 300,937 shares of the stock were exchanged, compared to its average volume of 189,061. National Beverage Corp. has a 1-year low of $42.08 and a 1-year high of $53.48. The stock has a fifty day moving average of $45.96 and a two-hundred day moving average of $46.55. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 21.55 and a beta of 0.86.

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

Insider Activity at National Beverage

In related news, Director Cecil D. Conlee sold 2,736 shares of the stock in a transaction on Thursday, December 12th. The stock was 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 directly owns 53,744 shares of the company's stock, valued at approximately $2,526,505.44. This represents a 4.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 74.80% of the stock is owned by insiders.

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.