Insider Selling: SunOpta Inc. (NASDAQ:STKL) Director Sells 13,142 Shares of Stock

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) Director Rebecca Fisher sold 13,142 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total transaction of $99,616.36. Following the transaction, the director now owns 108,500 shares in the company, valued at $822,430. This trade represents a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

SunOpta Stock Down 1.2 %

STKL stock opened at $7.56 on Thursday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The firm has a market cap of $903.19 million, a PE ratio of -42.00 and a beta of 1.83. SunOpta Inc. has a 12 month low of $4.62 and a 12 month high of $7.75. The firm has a 50 day simple moving average of $6.59 and a 200 day simple moving average of $5.96.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The firm had revenue of $176.22 million for the quarter, compared to analysts’ expectations of $172.30 million. Equities research analysts forecast that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

STKL has been the topic of several research analyst reports. Stephens raised their price objective on SunOpta from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. DA Davidson reiterated a “buy” rating and set a $9.00 price objective on shares of SunOpta in a research report on Thursday, October 10th. Finally, StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.50.

Hedge Funds Weigh In On SunOpta

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of SunOpta in the third quarter worth $6,394,000. Geode Capital Management LLC lifted its stake in SunOpta by 80.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock worth $13,579,000 after acquiring an additional 951,462 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in SunOpta by 16.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock worth $35,122,000 after acquiring an additional 782,338 shares in the last quarter. Marshall Wace LLP boosted its position in SunOpta by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 1,396,724 shares of the company’s stock worth $7,542,000 after acquiring an additional 751,126 shares during the period. Finally, Harbor Capital Advisors Inc. grew its stake in SunOpta by 127.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,063,918 shares of the company’s stock valued at $6,788,000 after acquiring an additional 596,403 shares in the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

SunOpta Company Profile

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.