LONDON--Fevertree Drinks PLC (FEVR.LN) Wednesday said LDC, a private-equity arm of Lloyds Banking Group PLC, sold its entire stake of 5.96 million shares, or 5.17% of the stock.

LDC cashed in as Fevertree, which makes tonic and other mixers, said it expects its 2015 results to be ahead of its prior expectations, prompting shares to rise sharply.

The stock closed 26 pence or 9% higher at 316 pence, valuing LDC's stake at around GBP18.8 million ($28.9 million).

Shares in Fevertree have climbed 86% since its 170 pence-a-share flotation last November.

Write to Ed Ballard at ed.ballard@wsj.com

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