Commonwealth Equity Services LLC Increases Stake in SunOpta Inc. (NASDAQ:STKL)

Commonwealth Equity Services LLC grew its position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 4.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 79,397 shares of the company’s stock after acquiring an additional 3,414 shares during the quarter. Commonwealth Equity Services LLC’s holdings in SunOpta were worth $971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tradition Wealth Management LLC purchased a new stake in shares of SunOpta in the second quarter valued at $41,000. Barclays PLC purchased a new position in SunOpta in the 1st quarter worth about $64,000. Toronto Dominion Bank increased its stake in SunOpta by 22.1% in the 1st quarter. Toronto Dominion Bank now owns 7,643 shares of the company’s stock worth $113,000 after buying an additional 1,383 shares during the period. Capital Analysts LLC purchased a new position in SunOpta in the 1st quarter worth about $113,000. Finally, Creative Planning purchased a new position in SunOpta in the 2nd quarter worth about $146,000. 72.52% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of SunOpta in a research note on Friday, July 9th. They issued an “outperform” rating and a $15.00 price target on the stock. Cowen started coverage on shares of SunOpta in a research note on Friday, September 10th. They issued an “outperform” rating and a $15.00 price target on the stock. Finally, Zacks Investment Research cut shares of SunOpta from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $17.50.

Shares of SunOpta stock opened at $8.71 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.44 and a quick ratio of 0.77. SunOpta Inc. has a 1 year low of $6.30 and a 1 year high of $17.07. The firm’s 50-day moving average is $9.38 and its two-hundred day moving average is $11.47. The stock has a market cap of $943.82 million, a price-to-earnings ratio of 11.93 and a beta of 1.95.

About SunOpta

SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.

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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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