Wasatch Advisors Inc. raised its position in Sodastream International Ltd (NASDAQ:SODA) by 260.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 81,000 shares of the company’s stock after buying an additional 58,500 shares during the quarter. Wasatch Advisors Inc. owned approximately 0.37% of Sodastream International worth $4,335,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Alliancebernstein L.P. purchased a new stake in Sodastream International in the first quarter valued at approximately $3,434,000. FMR LLC lifted its stake in Sodastream International by 216.7% in the first quarter. FMR LLC now owns 2,136,784 shares of the company’s stock valued at $103,485,000 after buying an additional 1,462,018 shares during the last quarter. Steinberg Global Asset Management lifted its stake in Sodastream International by 1.0% in the second quarter. Steinberg Global Asset Management now owns 7,577 shares of the company’s stock valued at $406,000 after buying an additional 72 shares during the last quarter. Menora Mivtachim Holdings LTD. lifted its stake in Sodastream International by 168.6% in the second quarter. Menora Mivtachim Holdings LTD. now owns 837,556 shares of the company’s stock valued at $44,826,000 after buying an additional 525,720 shares during the last quarter. Finally, Driehaus Capital Management LLC lifted its stake in Sodastream International by 23.1% in the first quarter. Driehaus Capital Management LLC now owns 220,093 shares of the company’s stock valued at $10,659,000 after buying an additional 41,342 shares during the last quarter. Institutional investors own 47.71% of the company’s stock.
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A number of equities research analysts have weighed in on SODA shares. Jefferies Group LLC set a $55.00 price objective on Sodastream International and gave the company a “hold” rating in a research note on Saturday, July 29th. ValuEngine cut Sodastream International from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $90.00 price objective (up previously from $88.00) on shares of Sodastream International in a research note on Tuesday, October 10th. BidaskClub upgraded Sodastream International from a “hold” rating to a “buy” rating in a research note on Friday, August 25th. Finally, Zacks Investment Research cut Sodastream International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $63.50.
Sodastream International Ltd (SODA) traded down 0.95% during midday trading on Tuesday, hitting $62.35. The stock had a trading volume of 21,435 shares. Sodastream International Ltd has a one year low of $23.77 and a one year high of $67.75. The stock has a 50-day moving average price of $61.11 and a 200 day moving average price of $56.11. The firm has a market cap of $1.36 billion, a PE ratio of 23.11 and a beta of 1.22.
Sodastream International (NASDAQ:SODA) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.13. The business had revenue of $130.60 million for the quarter, compared to the consensus estimate of $129.33 million. Sodastream International had a return on equity of 13.57% and a net margin of 11.00%. The business’s revenue was up 9.6% on a year-over-year basis. During the same quarter last year, the business posted $0.37 EPS. On average, analysts predict that Sodastream International Ltd will post $2.75 earnings per share for the current year.
Sodastream International Profile
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).
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