SodaStream International Ltd. (SODA) Downgraded to Hold at Zacks Investment Research
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. “
Other research analysts have also issued research reports about the stock. Jefferies Group reiterated a hold rating and issued a $31.00 price objective on shares of SodaStream International in a research note on Wednesday, August 3rd. Roth Capital lowered shares of SodaStream International from a buy rating to a neutral rating and upped their price objective for the company from $22.00 to $33.00 in a research note on Wednesday, August 3rd. Finally, Susquehanna restated a hold rating and set a $20.00 price target on shares of SodaStream International in a research note on Sunday, July 3rd. Seven analysts have rated the stock with a hold rating, The stock presently has an average rating of Hold and an average target price of $24.00.
Shares of SodaStream International (NASDAQ:SODA) traded down 0.68% during trading on Wednesday, reaching $26.15. 61,896 shares of the company’s stock were exchanged. The firm has a market capitalization of $552.71 million, a P/E ratio of 29.06 and a beta of 1.03. The company has a 50 day moving average of $27.38 and a 200 day moving average of $21.69. SodaStream International has a 52-week low of $11.66 and a 52-week high of $30.70.
SodaStream International (NASDAQ:SODA) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.16. The firm had revenue of $119.20 million for the quarter, compared to analyst estimates of $105.72 million. SodaStream International had a net margin of 4.28% and a return on equity of 6.91%. The company’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.17 EPS. Equities analysts anticipate that SodaStream International will post $1.14 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. Eqis Capital Management Inc. increased its stake in shares of SodaStream International by 0.6% in the third quarter. Eqis Capital Management Inc. now owns 11,593 shares of the company’s stock worth $308,000 after buying an additional 65 shares during the period. Landscape Capital Management L.L.C. bought a new stake in shares of SodaStream International during the second quarter worth $869,000. G2 Investment Partners Management LLC bought a new stake in shares of SodaStream International during the second quarter worth $783,000. C M Bidwell & Associates Ltd. bought a new stake in shares of SodaStream International during the second quarter worth $187,000. Finally, Parametric Portfolio Associates LLC increased its stake in shares of SodaStream International by 2.4% in the second quarter. Parametric Portfolio Associates LLC now owns 236,050 shares of the company’s stock worth $5,035,000 after buying an additional 5,568 shares during the period. 38.94% of the stock is owned by hedge funds and other institutional investors.
SodaStream International Company Profile
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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