SodaStream International Ltd. (NASDAQ:SODA) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “SodaStream International Ltd. is engaged in the manufacture of home beverage carbonation systems, which enable consumers to easily transform ordinary tap water instantly into carbonated soft drinks and sparkling water. The Company develops, manufactures and sells soda makers and exchangeable carbon-dioxide (CO 2) cylinders, as well as consumables, consisting of CO 2 refills, reusable carbonation bottles and flavors to add to the carbonated water. Its products are sold under the brand name SodaStream and Soda-Club. SodaStream’s products are environmentally friendly, cost effective, promote health and wellness, and are customizable and fun to use. In addition, the Company’s products offer convenience by eliminating the need to carry bottles home from the supermarket, to store bottles at home or to regularly dispose of empty bottles. SodaStream International Ltd. is headquartered in Airport City, Israel. “
A number of other brokerages have also recently issued reports on SODA. Jefferies Group reiterated a “hold” rating and issued a $31.00 price objective on shares of SodaStream International in a report on Wednesday, August 3rd. Susquehanna reiterated a “hold” rating and issued a $20.00 price objective on shares of SodaStream International in a report on Sunday, July 3rd. Finally, Roth Capital lowered shares of SodaStream International from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $33.00 in a research report on Wednesday, August 3rd. Seven analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $24.00.
SodaStream International (NASDAQ:SODA) traded up 0.69% during trading on Wednesday, reaching $26.35. The company had a trading volume of 46,339 shares. The stock has a market cap of $556.93 million, a P/E ratio of 29.28 and a beta of 1.03. SodaStream International has a 12-month low of $11.66 and a 12-month high of $30.70. The firm has a 50-day moving average price of $27.50 and a 200 day moving average price of $21.66.
SodaStream International (NASDAQ:SODA) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.16. The firm earned $119.20 million during the quarter, compared to analysts’ expectations of $105.72 million. SodaStream International had a net margin of 4.28% and a return on equity of 6.91%. SodaStream International’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. Equities research analysts predict that SodaStream International will post $1.14 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Institutional Trust Company N.A. raised its position in shares of SodaStream International by 178.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,971 shares of the company’s stock worth $106,000 after buying an additional 3,183 shares in the last quarter. JPMorgan Chase & Co. acquired a new position in SodaStream International during the second quarter valued at about $175,000. Acrospire Investment Management LLC acquired a new position in SodaStream International during the second quarter valued at about $180,000. C M Bidwell & Associates Ltd. acquired a new position in SodaStream International during the second quarter valued at about $187,000. Finally, Trexquant Investment LP acquired a new position in SodaStream International during the second quarter valued at about $200,000. 38.94% of the stock is owned by institutional investors and hedge funds.
About SodaStream International
SodaStream International Ltd. (SodaStream) 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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