Public Employees Retirement Association of Colorado decreased its holdings in SodaStream (NASDAQ:SODA) by 12.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,803 shares of the company’s stock after selling 1,200 shares during the period. Public Employees Retirement Association of Colorado’s holdings in SodaStream were worth $808,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Amundi Pioneer Asset Management Inc. bought a new position in shares of SodaStream during the 4th quarter worth $122,000. Envestnet Asset Management Inc. grew its position in shares of SodaStream by 55.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,519 shares of the company’s stock worth $177,000 after buying an additional 894 shares in the last quarter. LPL Financial LLC bought a new position in shares of SodaStream during the 4th quarter worth $206,000. SG Americas Securities LLC grew its position in shares of SodaStream by 64.5% during the 4th quarter. SG Americas Securities LLC now owns 3,177 shares of the company’s stock worth $223,000 after buying an additional 1,246 shares in the last quarter. Finally, Atria Investments LLC bought a new position in shares of SodaStream during the 4th quarter worth $224,000. Institutional investors and hedge funds own 55.47% of the company’s stock.
SODA has been the topic of a number of recent research reports. Zacks Investment Research raised SodaStream from a “hold” rating to a “strong-buy” rating and set a $99.00 price target on the stock in a research report on Saturday, May 5th. Susquehanna Bancshares set a $118.00 price target on SodaStream and gave the stock a “buy” rating in a research report on Tuesday. BidaskClub raised SodaStream from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd. B. Riley initiated coverage on SodaStream in a research report on Tuesday, April 3rd. They set a “buy” rating and a $110.00 price target on the stock. Finally, ValuEngine raised SodaStream from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. SodaStream presently has an average rating of “Buy” and an average price target of $99.20.
Shares of SODA stock opened at $87.03 on Friday. SodaStream has a 1-year low of $86.63 and a 1-year high of $87.89. The stock has a market cap of $1.98 billion, a P/E ratio of 26.45, a P/E/G ratio of 3.25 and a beta of 1.04.
SodaStream (NASDAQ:SODA) last issued its quarterly earnings data on Wednesday, May 2nd. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.10. SodaStream had a return on equity of 16.11% and a net margin of 13.68%. The company had revenue of $143.60 million for the quarter, compared to the consensus estimate of $132.70 million. During the same quarter last year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. equities analysts expect 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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