SG Americas Securities LLC Has $70,000 Holdings in SunOpta, Inc. $STKL

SG Americas Securities LLC decreased its stake in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 98.8% during the third quarter, HoldingsChannel.com reports. The fund owned 11,890 shares of the company’s stock after selling 970,157 shares during the period. SG Americas Securities LLC’s holdings in SunOpta were worth $70,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in SunOpta by 764.1% during the second quarter. EverSource Wealth Advisors LLC now owns 4,502 shares of the company’s stock worth $26,000 after purchasing an additional 3,981 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of SunOpta by 65.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock worth $54,000 after buying an additional 3,669 shares during the period. Bank of Montreal Can bought a new stake in shares of SunOpta during the 2nd quarter worth $68,000. Tower Research Capital LLC TRC raised its holdings in SunOpta by 132.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 12,460 shares of the company’s stock worth $72,000 after acquiring an additional 7,101 shares during the period. Finally, Prudential Financial Inc. acquired a new position in SunOpta during the 2nd quarter worth $73,000. 85.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

STKL has been the topic of several research analyst reports. Zacks Research downgraded SunOpta from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of SunOpta in a report on Monday, December 29th. DA Davidson set a $8.00 price target on SunOpta in a report on Tuesday, January 13th. Finally, Mizuho reduced their price objective on SunOpta from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.00.

SunOpta Stock Performance

NASDAQ STKL opened at $4.58 on Friday. SunOpta, Inc. has a twelve month low of $3.32 and a twelve month high of $7.68. The company has a quick ratio of 0.37, a current ratio of 0.98 and a debt-to-equity ratio of 1.34. The stock has a market cap of $553.22 million, a P/E ratio of 24.10 and a beta of 1.08. The company’s 50-day simple moving average is $4.00 and its 200 day simple moving average is $5.14.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. SunOpta had a return on equity of 14.91% and a net margin of 0.16%.The company had revenue of $205.41 million for the quarter, compared to the consensus estimate of $195.57 million. As a group, research analysts forecast that SunOpta, Inc. will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Greg Gaba acquired 15,000 shares of the company’s stock in a transaction on Monday, November 24th. The stock was purchased at an average cost of $3.39 per share, for a total transaction of $50,850.00. Following the completion of the purchase, the chief financial officer directly owned 110,970 shares of the company’s stock, valued at $376,188.30. The trade was a 15.63% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

SunOpta Company Profile

SunOpta Inc (NASDAQ: STKL) is a Canada-based company specializing in the sourcing, processing and packaging of organic and non-GMO plant-based foods and beverages. The company’s product portfolio spans a wide range of offerings, including non-dairy beverages such as oat, almond, soy and coconut drinks, fruit and plant-based beverages, and ingredient solutions for food manufacturers and foodservice customers. SunOpta’s integrated supply chain extends from ingredient sourcing and raw material preparation through to finished product formulation and packaging.

SunOpta operates through two primary business segments: Global Beverages and Global Ingredients.