Sodastream International (SODA) Downgraded by Zacks Investment Research

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Zacks Investment Research cut shares of Sodastream International (NASDAQ:SODA) from a strong-buy rating to a hold rating in a report released 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 analysts also recently weighed in on the company. BidaskClub downgraded Sodastream International from a strong-buy rating to a buy rating in a report on Friday, September 21st. B. Riley downgraded Sodastream International from a buy rating to a hold rating and increased their price target for the stock from $126.00 to $144.00 in a report on Tuesday, August 21st. ValuEngine upgraded Sodastream International from a buy rating to a strong-buy rating in a report on Monday, August 20th. Finally, Susquehanna Bancshares increased their price target on Sodastream International from $118.00 to $147.00 and gave the stock a positive rating in a report on Thursday, August 2nd. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $120.60.

NASDAQ SODA traded up $0.08 on Wednesday, reaching $142.79. The company had a trading volume of 510,127 shares, compared to its average volume of 380,372. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 43.40, a PEG ratio of 4.28 and a beta of 1.45. Sodastream International has a fifty-two week low of $60.83 and a fifty-two week high of $143.30.

Sodastream International (NASDAQ:SODA) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.41. Sodastream International had a return on equity of 17.48% and a net margin of 14.69%. The business had revenue of $171.49 million during the quarter, compared to the consensus estimate of $147.93 million. During the same period in the prior year, the business posted $0.64 earnings per share. Sodastream International’s quarterly revenue was up 31.3% on a year-over-year basis. Sell-side analysts anticipate that Sodastream International will post 4.45 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. CenterStar Asset Management LLC acquired a new stake in Sodastream International during the 2nd quarter worth about $105,000. Cerebellum GP LLC acquired a new stake in Sodastream International during the 3rd quarter worth about $185,000. JPMorgan Chase & Co. boosted its position in shares of Sodastream International by 52.8% during the 1st quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock worth $170,000 after purchasing an additional 638 shares in the last quarter. Paloma Partners Management Co bought a new position in shares of Sodastream International during the 2nd quarter worth about $212,000. Finally, BB&T Securities LLC bought a new position in shares of Sodastream International during the 2nd quarter worth about $231,000. Hedge funds and other institutional investors own 59.28% of the company’s stock.

About Sodastream International

SodaStream International Ltd., together with its subsidiaries, manufactures, distributes, and sells home beverage carbonation systems. Its home beverage carbonation systems enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The company offers sparkling water makers and exchangeable carbon-dioxide (CO2) cylinders, as well as consumables, including CO2 refills, reusable carbonation bottles, and flavors; and accessories for its products that are manufactured by third parties.

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