SodaStream International (SODA) Lowered to Hold at Zacks Investment Research
SodaStream International (NASDAQ:SODA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.
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 analysts have also issued research reports about the company. Susquehanna Bancshares set a $92.00 price objective on SodaStream International and gave the company a “buy” rating in a research report on Wednesday, November 1st. Jefferies Group set a $60.00 price objective on SodaStream International and gave the company a “hold” rating in a research report on Monday, October 30th. ValuEngine lowered SodaStream International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub lowered SodaStream International from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $75.33.
SodaStream International (NASDAQ:SODA) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.13. SodaStream International had a return on equity of 15.17% and a net margin of 12.47%. The company had revenue of $139.80 million during the quarter, compared to analyst estimates of $135.43 million. During the same quarter last year, the firm posted $0.69 earnings per share. The firm’s revenue was up 12.6% on a year-over-year basis. sell-side analysts forecast that SodaStream International will post 2.96 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in SODA. Bank of New York Mellon Corp increased its holdings in shares of SodaStream International by 196.1% during the second quarter. Bank of New York Mellon Corp now owns 140,551 shares of the company’s stock valued at $7,522,000 after acquiring an additional 93,079 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of SodaStream International by 5.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,298 shares of the company’s stock valued at $177,000 after acquiring an additional 185 shares in the last quarter. Pacad Investment Ltd. bought a new position in shares of SodaStream International during the second quarter valued at $326,000. Alliancebernstein L.P. increased its holdings in shares of SodaStream International by 35.1% during the second quarter. Alliancebernstein L.P. now owns 95,817 shares of the company’s stock valued at $5,128,000 after acquiring an additional 24,911 shares in the last quarter. Finally, NorthCoast Asset Management LLC increased its holdings in shares of SodaStream International by 5.1% during the second quarter. NorthCoast Asset Management LLC now owns 28,539 shares of the company’s stock valued at $1,527,000 after acquiring an additional 1,372 shares in the last quarter. 51.87% of the stock is owned by institutional investors and hedge funds.
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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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