Assenagon Asset Management S.A. Lowers Position in National Beverage Corp. (NASDAQ:FIZZ)

Assenagon Asset Management S.A. lowered its position in National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 56.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,725 shares of the company's stock after selling 82,447 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.07% of National Beverage worth $2,676,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in National Beverage by 3.7% during the 2nd 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 during the period. Geode Capital Management LLC grew its stake in National Beverage by 4.2% during the third quarter. Geode Capital Management LLC now owns 706,076 shares of the company's stock worth $33,148,000 after purchasing an additional 28,688 shares during the period. Envestnet Asset Management Inc. lifted its stake in National Beverage by 13.7% in the second quarter. Envestnet Asset Management Inc. now owns 221,247 shares of the company's stock valued at $11,337,000 after buying an additional 26,729 shares during the period. RK Asset Management LLC boosted its holdings in shares of National Beverage by 0.4% during the 3rd quarter. RK Asset Management LLC now owns 198,744 shares of the company's stock worth $9,329,000 after buying an additional 739 shares in the last quarter. Finally, Cerity Partners LLC grew its position in shares of National Beverage by 1.7% during the 3rd quarter. Cerity Partners LLC now owns 179,574 shares of the company's stock worth $8,429,000 after buying an additional 2,931 shares during the period. Institutional investors and hedge funds own 23.95% of the company's stock.

National Beverage Price Performance

Shares of National Beverage stock traded down $0.49 during trading on Thursday, reaching $41.95. 171,247 shares of the company traded hands, compared to its average volume of 184,853. The firm has a market capitalization of $3.93 billion, a PE ratio of 21.08 and a beta of 0.86. The company has a 50 day moving average price of $45.67 and a 200-day moving average price of $46.45. National Beverage Corp. has a 1-year low of $41.76 and a 1-year high of $53.48.

National Beverage (NASDAQ:FIZZ - Get Free Report) last announced its quarterly earnings results 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%.

Insider Buying and Selling at National Beverage

In other National Beverage news, Director Cecil D. Conlee sold 2,736 shares of the business's 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 sale, the director now directly owns 53,744 shares in the company, valued at $2,526,505.44. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 74.80% of the company's stock.

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.