River Road Asset Management LLC reduced its stake in shares of SodaStream International Ltd. (NASDAQ:SODA) by 61.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,762 shares of the company’s stock after selling 116,236 shares during the period. River Road Asset Management LLC owned approximately 0.33% of SodaStream International worth $3,894,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Renaissance Group LLC increased its position in SodaStream International by 7.9% in the second quarter. Renaissance Group LLC now owns 9,277 shares of the company’s stock valued at $497,000 after buying an additional 678 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in SodaStream International by 5.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,298 shares of the company’s stock valued at $177,000 after buying an additional 185 shares during the last quarter. Balter Liquid Alternatives LLC purchased a new position in SodaStream International during the second quarter valued at about $303,000. Syntal Capital Partners LLC purchased a new position in SodaStream International during the second quarter valued at about $605,000. Finally, Bank of New York Mellon Corp increased its position in SodaStream International by 196.1% in the second quarter. Bank of New York Mellon Corp now owns 140,551 shares of the company’s stock valued at $7,522,000 after buying an additional 93,079 shares during the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SodaStream International Ltd. (SODA) opened at 59.96 on Wednesday. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 22.22 and a beta of 1.20. SodaStream International Ltd. has a 12-month low of $23.77 and a 12-month high of $63.25. The firm has a 50-day moving average of $57.38 and a 200 day moving average of $52.72.

SodaStream International (NASDAQ:SODA) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 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 $130.60 million for the quarter, compared to analysts’ expectations of $129.33 million. During the same quarter last year, the company earned $0.37 EPS. The company’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities analysts forecast that SodaStream International Ltd. will post $2.74 earnings per share for the current fiscal year.

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Several research firms recently issued reports on SODA. BidaskClub raised SodaStream International from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of SodaStream International from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Tuesday, August 8th. ValuEngine lowered shares of SodaStream International from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. UBS AG raised shares of SodaStream International from a “neutral” rating to a “positive” rating in a report on Thursday, August 3rd. Finally, Susquehanna Bancshares Inc reaffirmed a “positive” rating and issued a $79.00 price target (up from $58.00) on shares of SodaStream International in a report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. SodaStream International currently has a consensus rating of “Buy” and an average price target of $60.75.

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

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