Allianz Asset Management AG Takes Position in Sodastream International Ltd (SODA)

Allianz Asset Management AG bought a new position in Sodastream International Ltd (NASDAQ:SODA) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor bought 6,128 shares of the company’s stock, valued at approximately $242,000.

A number of other hedge funds have also modified their holdings of SODA. Eqis Capital Management Inc. boosted its stake in shares of Sodastream International by 0.6% in the third quarter. Eqis Capital Management Inc. now owns 11,593 shares of the company’s stock worth $308,000 after buying an additional 65 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Sodastream International by 377.0% in the third quarter. Acadian Asset Management LLC now owns 849,099 shares of the company’s stock worth $22,553,000 after buying an additional 671,098 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Sodastream International by 19.6% in the third quarter. California Public Employees Retirement System now owns 49,500 shares of the company’s stock worth $1,315,000 after buying an additional 8,100 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Sodastream International during the third quarter worth $608,000. Finally, Reynders McVeigh Capital Management LLC acquired a new stake in shares of Sodastream International during the third quarter worth $547,000. Hedge funds and other institutional investors own 41.54% of the company’s stock.

Institutional Ownership by Quarter for Sodastream International (NASDAQ:SODA)

Shares of Sodastream International Ltd (NASDAQ:SODA) opened at 46.73 on Tuesday. The stock has a market cap of $1.01 billion, a P/E ratio of 22.57 and a beta of 1.27. The firm has a 50-day moving average of $47.63 and a 200-day moving average of $37.06. Sodastream International Ltd has a 52-week low of $13.48 and a 52-week high of $51.25.

Sodastream International (NASDAQ:SODA) last announced its earnings results on Wednesday, February 15th. The company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.41. Sodastream International had a net margin of 6.92% and a return on equity of 9.60%. The company earned $131.80 million during the quarter, compared to the consensus estimate of $124.75 million. During the same period in the previous year, the firm posted $0.24 earnings per share. The company’s revenue was up 16.7% on a year-over-year basis. On average, equities analysts expect that Sodastream International Ltd will post $2.36 EPS for the current fiscal year.

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A number of analysts recently weighed in on SODA shares. Jefferies Group LLC raised their target price on shares of Sodastream International from $31.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, November 30th. TheStreet upgraded shares of Sodastream International from a “hold” rating to a “buy” rating in a research report on Wednesday, December 14th. Finally, Zacks Investment Research downgraded shares of Sodastream International from a “buy” rating to a “hold” rating in a research report on Thursday, January 12th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $38.00.

Sodastream International Company Profile

SodaStream International Ltd. (SodaStream) 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).

5 Day Chart for NASDAQ:SODA

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