Menora Mivtachim Holdings LTD. lowered its position in shares of SodaStream International Ltd. (NASDAQ:SODA) by 4.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 802,718 shares of the company’s stock after selling 34,838 shares during the period. SodaStream International accounts for approximately 2.2% of Menora Mivtachim Holdings LTD.’s investment portfolio, making the stock its 13th biggest holding. Menora Mivtachim Holdings LTD. owned approximately 3.68% of SodaStream International worth $53,341,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its position in SodaStream International by 253.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,764 shares of the company’s stock worth $148,000 after buying an additional 1,981 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in SodaStream International by 5.9% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,298 shares of the company’s stock worth $177,000 after buying an additional 185 shares in the last quarter. First Allied Advisory Services Inc. acquired a new stake in SodaStream International during the second quarter worth approximately $226,000. Winslow Evans & Crocker Inc. acquired a new stake in SodaStream International during the third quarter worth approximately $269,000. Finally, Parametrica Management Ltd acquired a new stake in SodaStream International during the third quarter worth approximately $292,000. Institutional investors own 47.48% of the company’s stock.
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A number of equities research analysts recently issued reports on SODA shares. Zacks Investment Research raised SodaStream International from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research report on Tuesday, August 8th. BidaskClub downgraded SodaStream International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine downgraded SodaStream International from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Jefferies Group LLC set a $55.00 price target on SodaStream International and gave the stock a “hold” rating in a research report on Saturday, July 29th. Finally, Susquehanna Bancshares Inc reissued a “positive” rating and set a $90.00 price target (up previously from $88.00) on shares of SodaStream International in a research report on Tuesday, October 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $64.75.
Shares of SodaStream International Ltd. (SODA) traded up 3.77% during midday trading on Wednesday, reaching $66.07. The company had a trading volume of 618,807 shares. SodaStream International Ltd. has a one year low of $24.85 and a one year high of $69.00. The company has a 50 day moving average price of $62.15 and a 200-day moving average price of $57.16. The firm has a market capitalization of $1.44 billion, a P/E ratio of 24.49 and a beta of 1.22.
SodaStream International (NASDAQ:SODA) last issued its earnings results on Wednesday, November 1st. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.13. SodaStream International had a net margin of 11.89% and a return on equity of 14.86%. The business had revenue of $139.80 million for the quarter, compared to analysts’ expectations of $135.43 million. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, analysts anticipate that SodaStream International Ltd. will post $2.75 EPS for the current fiscal year.
SodaStream International 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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