JPMorgan Chase & Co. Has $2.48 Million Stock Position in National Beverage Corp. (NASDAQ:FIZZ)

JPMorgan Chase & Co. cut its stake in National Beverage Corp. (NASDAQ:FIZZ) by 19.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,924 shares of the company’s stock after selling 12,984 shares during the period. JPMorgan Chase & Co. owned about 0.06% of National Beverage worth $2,484,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Canada Pension Plan Investment Board bought a new stake in National Beverage in the second quarter valued at $31,000. Quarry LP grew its holdings in shares of National Beverage by 584.9% in the 2nd quarter. Quarry LP now owns 637 shares of the company’s stock worth $33,000 after purchasing an additional 544 shares during the last quarter. Blue Trust Inc. increased its position in shares of 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 purchasing an additional 491 shares in the last quarter. nVerses Capital LLC lifted its holdings in National Beverage by 325.0% during the 3rd quarter. nVerses Capital LLC now owns 1,700 shares of the company’s stock valued at $80,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in National Beverage in the third quarter valued at about $180,000. Institutional investors own 23.95% of the company’s stock.

National Beverage Trading Down 0.9 %

NASDAQ FIZZ opened at $42.50 on Tuesday. National Beverage Corp. has a 1-year low of $42.08 and a 1-year high of $53.48. The company has a 50 day moving average of $45.96 and a 200-day moving average of $46.55. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 21.36 and a beta of 0.86.

Insider Activity at National Beverage

In other 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 transaction of $128,619.36. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 74.80% of the company’s stock.

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.