SunOpta Inc. (NASDAQ:STKL) Shares Sold by Regal Investment Advisors LLC

Regal Investment Advisors LLC lowered its position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 17.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 17,146 shares of the company’s stock after selling 3,553 shares during the quarter. Regal Investment Advisors LLC’s holdings in SunOpta were worth $132,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STKL. State Street Corp increased its holdings in SunOpta by 18.9% in the 3rd quarter. State Street Corp now owns 1,827,273 shares of the company’s stock valued at $11,658,000 after purchasing an additional 290,372 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of SunOpta during the 3rd quarter valued at about $180,000. Barclays PLC lifted its position in SunOpta by 103.3% during the 3rd quarter. Barclays PLC now owns 178,954 shares of the company’s stock worth $1,142,000 after acquiring an additional 90,937 shares in the last quarter. Geode Capital Management LLC lifted its position in SunOpta by 80.9% during 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. Finally, JPMorgan Chase & Co. boosted its holdings in SunOpta by 12.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 515,170 shares of the company’s stock worth $3,287,000 after acquiring an additional 56,621 shares during the period. Institutional investors and hedge funds own 85.39% of the company’s stock.

Insider Buying and Selling

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $5.32, for a total transaction of $45,220.00. Following the transaction, the senior vice president now owns 28,150 shares of the company’s stock, valued at $149,758. This trade represents a 23.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 6.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on STKL shares. Stephens reissued an “overweight” rating and set a $10.00 target price on shares of SunOpta in a research report on Thursday, January 2nd. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th.

SunOpta Stock Up 0.5 %

STKL stock opened at $3.90 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. The firm has a 50 day simple moving average of $5.52 and a 200-day simple moving average of $6.61. The company has a market capitalization of $467.04 million, a P/E ratio of -21.67 and a beta of 1.83. SunOpta Inc. has a twelve month low of $3.65 and a twelve month high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. The company had revenue of $193.91 million during the quarter, compared to analyst estimates of $189.90 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. On average, equities research analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

SunOpta 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.