Zacks Investment Research Downgrades SodaStream International Ltd. (SODA) to Hold

SodaStream International Ltd. (NASDAQ:SODA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

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. “

Several other analysts also recently issued reports on SODA. BidaskClub downgraded shares of SodaStream International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Jefferies Group LLC set a $55.00 price objective on shares of SodaStream International and gave the stock a “hold” rating in a research note on Saturday, July 29th. Susquehanna Bancshares Inc reissued a “positive” rating and issued a $79.00 price objective (up previously from $58.00) on shares of SodaStream International in a research note on Tuesday, August 1st. UBS AG raised shares of SodaStream International from a “neutral” rating to a “positive” rating in a research note on Thursday, August 3rd. Finally, ValuEngine downgraded shares of SodaStream International from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. SodaStream International currently has a consensus rating of “Buy” and a consensus price target of $63.50.

SodaStream International (NASDAQ:SODA) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.13. The business had revenue of $130.60 million during the quarter, compared to the consensus estimate of $129.33 million. SodaStream International had a net margin of 11.89% and a return on equity of 14.86%. The firm’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share.

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Several institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC raised its stake in shares of SodaStream International by 589.3% during the second quarter. Lord Abbett & CO. LLC now owns 397,956 shares of the company’s stock valued at $21,298,000 after acquiring an additional 340,223 shares in the last quarter. Navellier & Associates Inc raised its stake in shares of SodaStream International by 1.7% during the second quarter. Navellier & Associates Inc now owns 26,995 shares of the company’s stock valued at $1,445,000 after acquiring an additional 448 shares in the last quarter. Wasatch Advisors Inc. raised its stake in shares of SodaStream International by 260.0% during the second quarter. Wasatch Advisors Inc. now owns 81,000 shares of the company’s stock valued at $4,335,000 after acquiring an additional 58,500 shares in the last quarter. Scotia Capital Inc. raised its stake in shares of SodaStream International by 36.9% during the second quarter. Scotia Capital Inc. now owns 44,955 shares of the company’s stock valued at $2,406,000 after acquiring an additional 12,125 shares in the last quarter. Finally, Private Advisory Group LLC raised its stake in shares of SodaStream International by 36.2% during the second quarter. Private Advisory Group LLC now owns 6,906 shares of the company’s stock valued at $370,000 after acquiring an additional 1,834 shares in the last quarter. 47.71% of the stock is owned by hedge funds and other institutional investors.

About SodaStream International

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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