76,832 Shares in SodaStream International Ltd. (SODA) Acquired by Dorsey Wright & Associates
Dorsey Wright & Associates purchased a new position in shares of SodaStream International Ltd. (NASDAQ:SODA) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 76,832 shares of the company’s stock, valued at approximately $4,971,000. SodaStream International makes up approximately 1.1% of Dorsey Wright & Associates’ holdings, making the stock its 27th largest position. Dorsey Wright & Associates owned 0.35% of SodaStream International at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of SODA. Menora Mivtachim Holdings LTD. lifted its position in SodaStream International by 168.6% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 837,556 shares of the company’s stock worth $44,826,000 after buying an additional 525,720 shares in the last quarter. Lord Abbett & CO. LLC lifted its position in SodaStream International by 589.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 397,956 shares of the company’s stock worth $21,298,000 after buying an additional 340,223 shares in the last quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management acquired a new position in SodaStream International during the 2nd quarter worth about $10,292,000. Acadian Asset Management LLC lifted its position in SodaStream International by 17.4% during the 2nd quarter. Acadian Asset Management LLC now owns 871,395 shares of the company’s stock worth $46,639,000 after buying an additional 129,117 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in SodaStream International by 279.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 170,889 shares of the company’s stock worth $9,146,000 after buying an additional 125,812 shares in the last quarter. Institutional investors and hedge funds own 47.70% of the company’s stock.
Several research analysts recently issued reports on the stock. BidaskClub downgraded shares of SodaStream International from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Susquehanna Bancshares Inc reiterated a “buy” rating and set a $90.00 price target on shares of SodaStream International in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of SodaStream International from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Tuesday, November 7th. ValuEngine downgraded shares of SodaStream International from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, UBS AG upgraded shares of SodaStream International from a “neutral” rating to a “positive” rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. SodaStream International has an average rating of “Buy” and a consensus price target of $75.33.
SodaStream International Ltd. (NASDAQ SODA) traded down $0.32 during trading on Monday, reaching $62.57. 127,100 shares of the company’s stock were exchanged, compared to its average volume of 299,528. SodaStream International Ltd. has a 52 week low of $32.48 and a 52 week high of $69.00. The firm has a market cap of $1,370.03, a P/E ratio of 21.73 and a beta of 1.15.
SodaStream International (NASDAQ:SODA) last released its earnings results on Wednesday, November 1st. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. SodaStream International had a net margin of 12.47% and a return on equity of 15.17%. The company had revenue of $139.80 million for the quarter, compared to the consensus estimate of $135.43 million. During the same period in the prior year, the company posted $0.69 EPS. The company’s revenue was up 12.6% compared to the same quarter last year. analysts forecast that SodaStream International Ltd. will post 2.96 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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