Invictus RG cut its position in SodaStream International Ltd. (NASDAQ:SODA) by 81.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,726 shares of the company’s stock after selling 16,740 shares during the period. Invictus RG’s holdings in SodaStream International were worth $180,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of SODA. Russell Investments Group Ltd. bought a new stake in shares of SodaStream International during the fourth quarter worth about $3,521,000. State Street Corp raised its stake in shares of SodaStream International by 405.0% in the fourth quarter. State Street Corp now owns 84,837 shares of the company’s stock worth $3,348,000 after buying an additional 68,036 shares during the period. FMR LLC bought a new stake in shares of SodaStream International during the fourth quarter worth about $26,633,000. Bayesian Capital Management LP bought a new stake in shares of SodaStream International during the fourth quarter worth about $339,000. Finally, Allianz Asset Management AG bought a new stake in shares of SodaStream International during the fourth quarter worth about $242,000. Institutional investors and hedge funds own 44.92% of the company’s stock.
SodaStream International Ltd. (SODA) traded up 0.46% during trading on Friday, reaching $52.47. 34,029 shares of the company’s stock were exchanged. SodaStream International Ltd. has a 52-week low of $19.69 and a 52-week high of $57.68. The stock’s 50-day moving average price is $53.52 and its 200-day moving average price is $47.70. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 21.53 and a beta of 1.36.
SodaStream International (NASDAQ:SODA) last issued its earnings results on Wednesday, May 10th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.28. SodaStream International had a return on equity of 13.96% and a net margin of 10.83%. The business had revenue of $115.30 million during the quarter, compared to analyst estimates of $110.37 million. During the same period in the prior year, the company posted $0.29 earnings per share. SodaStream International’s revenue was up 14.3% on a year-over-year basis. Equities analysts expect that SodaStream International Ltd. will post $2.55 earnings per share for the current year.
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A number of analysts recently issued reports on SODA shares. Zacks Investment Research lowered shares of SodaStream International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 19th. Susquehanna Bancshares Inc restated a “neutral” rating and issued a $60.00 price target (up previously from $58.00) on shares of SodaStream International in a research note on Tuesday, April 25th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 price objective on shares of SodaStream International in a report on Wednesday, April 26th. Finally, ValuEngine raised shares of SodaStream International from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $47.40.
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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