National Beverage Corp. (NASDAQ:FIZZ) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lowered its stake in shares of National Beverage Corp. (NASDAQ:FIZZ) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,838 shares of the company’s stock after selling 5,398 shares during the quarter. Principal Financial Group Inc.’s holdings in National Beverage were worth $5,203,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of FIZZ. National Bank of Canada FI grew its holdings in shares of National Beverage by 22.2% during the second quarter. National Bank of Canada FI now owns 5,049 shares of the company’s stock worth $266,000 after purchasing an additional 916 shares during the last quarter. Victory Capital Management Inc. increased its position in National Beverage by 6.7% during the second quarter. Victory Capital Management Inc. now owns 14,682 shares of the company’s stock worth $752,000 after buying an additional 922 shares during the period. Quest Partners LLC acquired a new stake in shares of National Beverage in the second quarter valued at approximately $34,000. Texas Permanent School Fund Corp grew its position in shares of National Beverage by 11.8% during the second quarter. Texas Permanent School Fund Corp now owns 22,835 shares of the company’s stock worth $1,170,000 after acquiring an additional 2,401 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of National Beverage by 760.2% in the 2nd quarter. Headlands Technologies LLC now owns 843 shares of the company’s stock valued at $43,000 after acquiring an additional 745 shares during the period. 23.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at National Beverage

In other National Beverage news, Director Cecil D. Conlee sold 2,736 shares of the company’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 in the company, valued at approximately $2,526,505.44. This represents a 4.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 74.80% of the company’s stock.

National Beverage Stock Down 0.6 %

Shares of FIZZ stock opened at $42.40 on Friday. The stock’s 50-day moving average price is $46.93 and its 200 day moving average price is $47.10. The stock has a market capitalization of $3.97 billion, a PE ratio of 21.31 and a beta of 0.83. National Beverage Corp. has a 52-week low of $42.18 and a 52-week high of $53.58.

Analysts Set New Price Targets

Separately, UBS Group decreased their price target on shares of National Beverage from $46.00 to $45.00 and set a “sell” rating for the company in a research note on Tuesday, September 10th.

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.