Harvest Management LLC acquired a new stake in Sodastream International Ltd (NASDAQ:SODA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,500 shares of the company’s stock, valued at approximately $4,793,000. Sodastream International accounts for approximately 2.8% of Harvest Management LLC’s investment portfolio, making the stock its 9th biggest holding.
Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Sodastream International by 52.8% during the first quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock worth $170,000 after acquiring an additional 638 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of Sodastream International during the third quarter worth about $185,000. Cornerstone Wealth Management LLC purchased a new stake in shares of Sodastream International during the second quarter worth about $191,000. Paloma Partners Management Co purchased a new stake in shares of Sodastream International during the second quarter worth about $212,000. Finally, BB&T Securities LLC purchased a new stake in shares of Sodastream International during the second quarter worth about $231,000. 58.05% of the stock is currently owned by institutional investors.
Shares of Sodastream International stock opened at $143.26 on Friday. The stock has a market capitalization of $3.25 billion, a P/E ratio of 43.54, a PEG ratio of 4.29 and a beta of 1.46. Sodastream International Ltd has a fifty-two week low of $62.37 and a fifty-two week high of $143.50.
SODA has been the topic of a number of analyst reports. BidaskClub lowered Sodastream International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research lowered Sodastream International from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. B. Riley boosted their price objective on Sodastream International from $110.00 to $126.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Susquehanna Bancshares boosted their price objective on Sodastream International from $118.00 to $147.00 and gave the company a “positive” rating in a report on Thursday, August 2nd. Finally, ValuEngine raised Sodastream International from a “buy” rating to a “strong-buy” rating in a report on Monday, August 20th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $120.60.
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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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