SodaStream International Ltd. (NASDAQ:SODA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued 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. “

SODA has been the subject of a number of other research reports. Jefferies Group LLC set a $55.00 price objective on shares of SodaStream International and gave the company a “hold” rating in a report on Saturday, July 29th. ValuEngine cut shares of SodaStream International from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub upgraded shares of SodaStream International from a “hold” rating to a “buy” rating in a report on Friday, August 25th. Susquehanna Bancshares Inc restated a “positive” rating and issued a $90.00 price objective (up previously from $88.00) on shares of SodaStream International in a report on Tuesday. Finally, UBS AG upgraded shares of SodaStream International from a “neutral” rating to a “positive” rating in a report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $63.50.

Shares of SodaStream International (NASDAQ SODA) traded down 0.569% during midday trading on Wednesday, hitting $60.275. 50,457 shares of the stock traded hands. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 24.703 and a beta of 1.22. SodaStream International has a 52-week low of $23.77 and a 52-week high of $67.75. The stock has a 50-day moving average of $60.88 and a 200-day moving average of $55.79.

SodaStream International (NASDAQ:SODA) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.13. The firm had revenue of $130.60 million during the quarter, compared to analysts’ expectations of $129.33 million. SodaStream International had a net margin of 11.89% and a return on equity of 14.86%. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.37 earnings per share. On average, equities analysts predict that SodaStream International will post $2.44 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. purchased a new position in SodaStream International in the first quarter worth 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 worth $103,485,000 after acquiring 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 worth $406,000 after acquiring 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 worth $44,826,000 after acquiring 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 worth $10,659,000 after acquiring an additional 41,342 shares during the last quarter. Institutional investors own 47.71% of the company’s stock.

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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