Public Employees Retirement Association of Colorado lowered its stake in shares of SodaStream (NASDAQ:SODA) by 12.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,803 shares of the company’s stock after selling 1,200 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in SodaStream were worth $808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of SODA. OppenheimerFunds Inc. boosted its holdings in SodaStream by 150.0% in the fourth quarter. OppenheimerFunds Inc. now owns 1,000,000 shares of the company’s stock worth $70,340,000 after acquiring an additional 600,000 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in SodaStream by 912.2% in the third quarter. Wells Fargo & Company MN now owns 9,758 shares of the company’s stock worth $648,000 after acquiring an additional 8,794 shares in the last quarter. Bogle Investment Management L P DE boosted its holdings in SodaStream by 6.3% in the fourth quarter. Bogle Investment Management L P DE now owns 107,263 shares of the company’s stock worth $7,544,000 after acquiring an additional 6,317 shares in the last quarter. BlackRock Inc. boosted its holdings in SodaStream by 11.1% in the fourth quarter. BlackRock Inc. now owns 317,707 shares of the company’s stock worth $22,347,000 after acquiring an additional 31,853 shares in the last quarter. Finally, G&S Capital LLC acquired a new stake in SodaStream in the fourth quarter worth about $667,000. 55.47% of the stock is currently owned by institutional investors.
Several equities research analysts have weighed in on the company. JPMorgan Chase raised their price target on SodaStream from $70.00 to $87.00 and gave the stock a “neutral” rating in a report on Thursday, February 15th. Jefferies Group restated a “hold” rating and issued a $82.00 price objective on shares of SodaStream in a research note on Wednesday, May 2nd. ValuEngine upgraded SodaStream from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Zacks Investment Research cut SodaStream from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Finally, B. Riley began coverage on SodaStream in a research note on Tuesday, April 3rd. They issued a “buy” rating and a $110.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $99.20.
Shares of SodaStream opened at $87.03 on Friday, Marketbeat reports. SodaStream has a 52-week low of $86.63 and a 52-week high of $87.89. The stock has a market capitalization of $1.98 billion, a PE ratio of 26.45, a PEG ratio of 3.25 and a beta of 1.04.
SodaStream (NASDAQ:SODA) last announced its quarterly earnings data on Wednesday, May 2nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.10. SodaStream had a return on equity of 16.11% and a net margin of 13.68%. The firm had revenue of $143.60 million during the quarter, compared to analysts’ expectations of $132.70 million. During the same period last year, the business posted $0.66 earnings per share. The company’s revenue for the quarter was up 24.5% compared to the same quarter last year. research analysts anticipate that SodaStream will post 3.59 EPS for the current year.
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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