Zacks Investment Research cut shares of Sodastream International (NASDAQ:SODA) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday morning.

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. “

Other equities research analysts have also recently issued reports about the company. BidaskClub upgraded Sodastream International from a hold rating to a buy rating in a research note on Wednesday, August 8th. B. Riley cut Sodastream International from a buy rating to a hold rating and upped their target price for the stock from $126.00 to $144.00 in a research note on Tuesday, August 21st. ValuEngine upgraded Sodastream International from a buy rating to a strong-buy rating in a research note on Monday, August 20th. Finally, Susquehanna Bancshares upped their target price on Sodastream International from $118.00 to $147.00 and gave the stock a positive rating in a research note on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $120.60.

NASDAQ SODA traded up $0.08 on Wednesday, hitting $142.79. 510,127 shares of the company’s stock were exchanged, compared to its average volume of 380,372. Sodastream International has a 52 week low of $60.83 and a 52 week high of $143.30. The stock has a market capitalization of $3.24 billion, a PE ratio of 43.40, a PEG ratio of 4.28 and a beta of 1.45.

Sodastream International (NASDAQ:SODA) last released its earnings results on Wednesday, August 1st. The company reported $1.14 earnings per share for the quarter, topping the 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 firm had revenue of $171.49 million during the quarter, compared to analysts’ expectations of $147.93 million. During the same period in the prior year, the company earned $0.64 earnings per share. The company’s quarterly revenue was up 31.3% on a year-over-year basis. On average, equities research analysts expect that Sodastream International will post 4.45 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cerebellum GP LLC bought a new position in shares of Sodastream International in the 3rd quarter valued at $185,000. United Services Automobile Association lifted its stake in shares of Sodastream International by 1.6% in the 2nd quarter. United Services Automobile Association now owns 124,422 shares of the company’s stock valued at $10,613,000 after acquiring an additional 1,989 shares during the last quarter. Granahan Investment Management Inc. MA lifted its stake in shares of Sodastream International by 30.6% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 586,844 shares of the company’s stock valued at $50,058,000 after acquiring an additional 137,566 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Sodastream International by 873.2% in the 2nd quarter. Millennium Management LLC now owns 84,695 shares of the company’s stock valued at $7,224,000 after acquiring an additional 75,992 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Sodastream International in the 2nd quarter valued at $825,000. Institutional investors own 59.28% of the company’s stock.

Sodastream International Company Profile

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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