Avalon Advisors LLC reduced its position in Sodastream International Ltd (NASDAQ:SODA) by 32.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,537 shares of the company’s stock after selling 14,258 shares during the quarter. Avalon Advisors LLC owned about 0.13% of Sodastream International worth $2,712,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Amundi Pioneer Asset Management Inc. bought a new position in Sodastream International in the 4th quarter valued at about $122,000. JPMorgan Chase & Co. increased its holdings in Sodastream International by 52.8% in the 1st quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock valued at $170,000 after buying an additional 638 shares during the period. Envestnet Asset Management Inc. increased its holdings in Sodastream International by 55.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,519 shares of the company’s stock valued at $177,000 after buying an additional 894 shares during the period. LPL Financial LLC bought a new position in Sodastream International in the 4th quarter valued at about $206,000. Finally, First Allied Advisory Services Inc. bought a new position in Sodastream International in the 1st quarter valued at about $216,000. 58.36% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have commented on the stock. BidaskClub lowered shares of Sodastream International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 19th. Susquehanna Bancshares set a $118.00 target price on shares of Sodastream International and gave the company a “buy” rating in a report on Tuesday, May 15th. Zacks Investment Research raised shares of Sodastream International from a “hold” rating to a “strong-buy” rating and set a $99.00 target price on the stock in a report on Saturday, May 5th. Jefferies Financial Group reissued a “hold” rating and issued a $82.00 target price on shares of Sodastream International in a report on Wednesday, May 2nd. Finally, B. Riley assumed coverage on shares of Sodastream International in a report on Tuesday, April 3rd. They issued a “buy” rating and a $110.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $99.20.
Shares of Sodastream International opened at $84.14 on Friday, Marketbeat Ratings reports. The company has a market cap of $1.94 billion, a P/E ratio of 25.57, a P/E/G ratio of 3.19 and a beta of 0.95. Sodastream International Ltd has a 1 year low of $49.72 and a 1 year high of $98.26.
Sodastream International (NASDAQ:SODA) last announced its quarterly earnings results on Wednesday, May 2nd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.10. The company had revenue of $143.60 million for the quarter, compared to analyst estimates of $132.70 million. Sodastream International had a net margin of 13.68% and a return on equity of 16.11%. The firm’s revenue was up 24.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 EPS. research analysts anticipate that Sodastream International Ltd will post 3.59 earnings per share for the current fiscal year.
Sodastream International 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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