SodaStream International Ltd. (SODA) Downgraded to “Hold” at BidaskClub

BidaskClub lowered shares of SodaStream International Ltd. (NASDAQ:SODA) from a buy rating to a hold rating in a report released on Wednesday.

Several other equities analysts also recently weighed in on SODA. Susquehanna Bancshares Inc reaffirmed a positive rating and issued a $79.00 target price (up from $58.00) on shares of SodaStream International in a research report on Tuesday. Zacks Investment Research downgraded SodaStream International from a buy rating to a hold rating in a research report on Thursday, July 27th. Jefferies Group LLC set a $55.00 target price on SodaStream International and gave the company a hold rating in a research report on Saturday, July 29th. Finally, ValuEngine raised SodaStream International from a hold rating to a buy rating in a research report on Friday, June 2nd. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $58.50.

SodaStream International (NASDAQ SODA) traded up 0.83% during mid-day trading on Wednesday, reaching $62.29. 699,145 shares of the company were exchanged. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 23.09 and a beta of 1.20. The stock’s 50-day moving average price is $54.34 and its 200-day moving average price is $50.81. SodaStream International has a 1-year low of $23.77 and a 1-year high of $63.25.

SodaStream International (NASDAQ:SODA) last released its earnings results on Wednesday, August 2nd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.13. The company had revenue of $130.60 million during the quarter, compared to the consensus estimate of $129.33 million. SodaStream International had a return on equity of 14.86% and a net margin of 11.89%. SodaStream International’s revenue was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. On average, equities research analysts anticipate that SodaStream International will post $2.58 EPS for the current fiscal year.

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Several institutional investors have recently made changes to their positions in SODA. Alliancebernstein L.P. bought a new position in shares of SodaStream International during the first quarter valued at about $3,434,000. Norges Bank bought a new position in shares of SodaStream International during the fourth quarter valued at about $1,028,000. Clinton Group Inc. bought a new position in shares of SodaStream International during the first quarter valued at about $327,000. Steinberg Global Asset Management boosted its position in shares of SodaStream International by 9.1% in the first quarter. Steinberg Global Asset Management now owns 7,505 shares of the company’s stock valued at $363,000 after buying an additional 626 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of SodaStream International by 31.8% in the first quarter. O Shaughnessy Asset Management LLC now owns 43,352 shares of the company’s stock valued at $2,100,000 after buying an additional 10,458 shares during the last quarter. Institutional investors and hedge funds own 45.52% of the company’s stock.

About SodaStream International

SodaStream International Ltd. is a sparkling water company. The Company manufactures, distributes and sells home beverage carbonation systems, which enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The Company’s segments include The Americas, Western Europe, Asia-Pacific, and Central and Eastern Europe, Middle East and Africa (CEMEA).