SodaStream International Ltd. was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 68% in the past one-month time frame.

The stock was driven after PepsiCo has inked an agreement to buy SodaStream for a total cash outlay of $3.2 billion. Per the terms, PepsiCo will acquire all the outstanding shares of the company for $144 per share, representing a 32% premium on the 30-day volume weighted average price.

The company has seen three positive estimate revisions in the past month, while its Zacks Consensus Estimate has also moved higher over the same time frame, suggesting that more solid trading could be ahead for SodaStream. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

SodaStream currently has a Zacks Rank #1 (Strong Buy), while its Earnings ESP is 0.00%.

Investors interested in the Consumer Products – Discretionary industry may consider Vista Outdoor Inc. (VSTO Quick QuoteVSTO - Free Report) , which also has a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Is SODA going up? Or down? Predict to see what others think: Up or Down

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