Renaissance Technologies LLC grew its stake in Sodastream International Ltd (NASDAQ:SODA) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,639,800 shares of the company’s stock after purchasing an additional 111,800 shares during the period. Renaissance Technologies LLC owned approximately 0.07% of Sodastream International worth $139,875,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Sodastream International by 52.8% in the first quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock valued at $170,000 after purchasing an additional 638 shares during the period. Global Alpha Capital Management Ltd. grew its holdings in Sodastream International by 1.3% during the first quarter. Global Alpha Capital Management Ltd. now owns 56,349 shares of the company’s stock worth $5,175,000 after acquiring an additional 700 shares during the period. Atria Investments LLC grew its holdings in Sodastream International by 22.0% during the first quarter. Atria Investments LLC now owns 3,892 shares of the company’s stock worth $357,000 after acquiring an additional 702 shares during the period. Millennium Management LLC grew its holdings in Sodastream International by 9.6% during the first quarter. Millennium Management LLC now owns 8,703 shares of the company’s stock worth $799,000 after acquiring an additional 764 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Sodastream International by 25.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 4,672 shares of the company’s stock worth $399,000 after acquiring an additional 949 shares during the period. 59.28% of the stock is currently owned by institutional investors and hedge funds.
Shares of SODA stock opened at $142.58 on Thursday. Sodastream International Ltd has a 1-year low of $57.18 and a 1-year high of $143.20. The firm has a market cap of $3.24 billion, a P/E ratio of 36.14, a price-to-earnings-growth ratio of 4.27 and a beta of 1.42.
Sodastream International (NASDAQ:SODA) last posted its earnings results on Wednesday, August 1st. The company reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.41. The company had revenue of $171.49 million for the quarter, compared to the consensus estimate of $147.93 million. Sodastream International had a return on equity of 17.48% and a net margin of 14.69%. Sodastream International’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 earnings per share. analysts expect that Sodastream International Ltd will post 4.45 EPS for the current fiscal year.
A number of research analysts recently weighed in on SODA shares. BidaskClub lowered Sodastream International from a “strong-buy” rating to a “buy” rating in a report on Friday, June 1st. Susquehanna Bancshares set a $118.00 price objective on Sodastream International and gave the stock a “buy” rating in a report on Tuesday, May 15th. B. Riley upped their price objective on Sodastream International from $110.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd. Zacks Investment Research raised Sodastream International from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a report on Tuesday, August 7th. 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, one has assigned a buy rating and two have assigned a strong buy rating to the company. Sodastream International has an average rating of “Buy” and an average price target of $120.60.
Sodastream International Company 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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