Dimensional Fund Advisors LP Sells 11,564 Shares of SunOpta, Inc. (STKL)
Dimensional Fund Advisors LP decreased its holdings in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 5.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 217,390 shares of the company’s stock after selling 11,564 shares during the quarter. Dimensional Fund Advisors LP owned 0.25% of SunOpta worth $2,217,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. South State Corp acquired a new position in shares of SunOpta in the 2nd quarter valued at $110,000. Spark Investment Management LLC acquired a new position in shares of SunOpta in the 2nd quarter valued at $162,000. Marshall Wace LLP acquired a new position in shares of SunOpta in the 2nd quarter valued at $165,000. JPMorgan Chase & Co. acquired a new position in shares of SunOpta in the 2nd quarter valued at $232,000. Finally, Alliancebernstein L.P. acquired a new position in shares of SunOpta in the 2nd quarter valued at $351,000. Institutional investors own 79.10% of the company’s stock.
A number of equities analysts have recently issued reports on STKL shares. Zacks Investment Research upgraded shares of SunOpta from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday, October 11th. Citigroup dropped their price objective on shares of SunOpta from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, November 20th. Finally, BidaskClub cut shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $8.88.
Shares of SunOpta, Inc. (STKL) opened at $7.70 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 0.45 and a debt-to-equity ratio of 0.64. SunOpta, Inc. has a 1 year low of $6.00 and a 1 year high of $10.20.
SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, November 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $320.71 million for the quarter, compared to analyst estimates of $335.68 million. SunOpta had a negative return on equity of 2.98% and a negative net margin of 3.99%. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.07 EPS. sell-side analysts expect that SunOpta, Inc. will post -0.09 earnings per share for the current fiscal year.
In related news, CAO John Ruelle sold 38,361 shares of the stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $8.75, for a total transaction of $335,658.75. Following the completion of the sale, the chief accounting officer now owns 38,361 shares in the company, valued at approximately $335,658.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert Mckeracher sold 36,533 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $8.41, for a total transaction of $307,242.53. The disclosure for this sale can be found here. Company insiders own 1.88% of the company’s stock.
Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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