JPMorgan Chase & Co. Increases Stake in SodaStream International Ltd. (NASDAQ:SODA)
JPMorgan Chase & Co. boosted its stake in shares of SodaStream International Ltd. (NASDAQ:SODA) by 8,016.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,116 shares of the company’s stock after buying an additional 8,016 shares during the period. JPMorgan Chase & Co.’s holdings in SodaStream International were worth $393,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Oxford Asset Management increased its position in shares of SodaStream International by 4.5% in the first quarter. Oxford Asset Management now owns 35,467 shares of the company’s stock valued at $1,718,000 after buying an additional 1,531 shares during the period. Eqis Capital Management Inc. increased its stake in SodaStream International by 23.3% in the first quarter. Eqis Capital Management Inc. now owns 14,832 shares of the company’s stock worth $718,000 after buying an additional 2,802 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in SodaStream International during the first quarter worth $151,000. Quantbot Technologies LP bought a new stake in SodaStream International during the first quarter worth $264,000. Finally, Wealthsource Partners LLC bought a new stake in SodaStream International during the first quarter worth $295,000. Institutional investors and hedge funds own 48.59% of the company’s stock.
SodaStream International Ltd. (SODA) traded up 0.50% during trading on Friday, hitting $58.19. 125,895 shares of the stock were exchanged. The stock has a market cap of $1.27 billion, a P/E ratio of 21.57 and a beta of 1.20. SodaStream International Ltd. has a 52 week low of $23.77 and a 52 week high of $63.25. The stock has a 50 day moving average of $56.63 and a 200-day moving average of $52.20.
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, beating the consensus estimate of $0.51 by $0.13. SodaStream International had a net margin of 11.89% and a return on equity of 14.86%. The company had revenue of $130.60 million for the quarter, compared to analysts’ expectations of $129.33 million. During the same quarter in the previous year, the company earned $0.37 earnings per share. SodaStream International’s quarterly revenue was up 9.6% on a year-over-year basis. Equities analysts expect that SodaStream International Ltd. will post $2.74 EPS for the current fiscal year.
A number of research firms recently weighed in on SODA. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $60.00 price objective (up from $58.00) on shares of SodaStream International in a report on Tuesday, April 25th. BidaskClub downgraded SodaStream International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. UBS AG raised shares of SodaStream International from a “neutral” rating to a “positive” rating in a research report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $50.00 price target on shares of SodaStream International in a research report on Wednesday, April 26th. Finally, Zacks Investment Research cut shares of SodaStream International from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $60.75.
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).
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