C M Bidwell & Associates Ltd. Grows Position in SodaStream International Ltd. (SODA)
C M Bidwell & Associates Ltd. boosted its holdings in SodaStream International Ltd. (NASDAQ:SODA) by 28.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,095 shares of the company’s stock after purchasing an additional 1,345 shares during the quarter. C M Bidwell & Associates Ltd.’s holdings in SodaStream International were worth $326,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in SODA. Bank of New York Mellon Corp purchased a new stake in SodaStream International in the 1st quarter valued at $2,299,000. Sei Investments Co. raised its position in SodaStream International by 506.5% in the 1st quarter. Sei Investments Co. now owns 21,300 shares of the company’s stock valued at $1,032,000 after purchasing an additional 17,788 shares during the last quarter. JPMorgan Chase & Co. raised its position in SodaStream International by 8,016.0% in the 1st quarter. JPMorgan Chase & Co. now owns 8,116 shares of the company’s stock valued at $393,000 after purchasing an additional 8,016 shares during the last quarter. Clinton Group Inc. purchased a new stake in SodaStream International in the 1st quarter valued at $327,000. Finally, Alliancebernstein L.P. purchased a new stake in SodaStream International in the 1st quarter valued at $3,434,000. Hedge funds and other institutional investors own 47.71% of the company’s stock.
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Several analysts recently commented on SODA shares. ValuEngine upgraded shares of SodaStream International from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded shares of SodaStream International from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Tuesday, August 8th. Jefferies Group LLC set a $55.00 price target on shares of SodaStream International and gave the company a “hold” rating in a research report on Saturday, July 29th. Susquehanna Bancshares Inc reiterated a “positive” rating and issued a $90.00 price target (up previously from $79.00) on shares of SodaStream International in a research report on Monday, September 25th. Finally, BidaskClub upgraded shares of SodaStream International from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $63.50.
Shares of SodaStream International Ltd. (NASDAQ SODA) traded down 0.26% during trading on Monday, reaching $64.40. 11,715 shares of the company’s stock traded hands. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 23.87 and a beta of 1.22. SodaStream International Ltd. has a 1-year low of $23.77 and a 1-year high of $67.75. The company has a 50 day moving average of $60.64 and a 200-day moving average of $55.46.
SodaStream International (NASDAQ:SODA) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.13. SodaStream International had a return on equity of 14.86% and a net margin of 11.89%. The firm had revenue of $130.60 million for the quarter, compared to analysts’ expectations of $129.33 million. During the same period last year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was up 9.6% on a year-over-year basis. Equities analysts predict that SodaStream International Ltd. will post $2.79 earnings per share for the current year.
SodaStream International Company 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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