SunOpta, Inc. (STKL) CFO Robert Mckeracher Sells 36,533 Shares of Stock
SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) CFO Robert Mckeracher sold 36,533 shares of the business’s stock in a transaction on Friday, September 15th. The stock was sold at an average price of $8.41, for a total transaction of $307,242.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of SunOpta, Inc. (NASDAQ:STKL) traded down 0.58% on Friday, hitting $8.50. 276,314 shares of the stock traded hands. SunOpta, Inc. has a 12 month low of $5.73 and a 12 month high of $10.20. The company’s market cap is $735.22 million. The firm’s 50 day moving average is $8.89 and its 200-day moving average is $8.44.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). The company had revenue of $336.45 million for the quarter, compared to analysts’ expectations of $341.18 million. SunOpta had a negative return on equity of 0.70% and a negative net margin of 3.70%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 EPS. Equities analysts predict that SunOpta, Inc. will post $0.02 earnings per share for the current year.
A number of equities research analysts have recently issued reports on STKL shares. BidaskClub lowered shares of SunOpta from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of SunOpta from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Citigroup Inc. upped their target price on shares of SunOpta from $8.00 to $11.50 and gave the stock a “buy” rating in a report on Wednesday, May 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. SunOpta presently has a consensus rating of “Hold” and a consensus target price of $9.30.
Institutional investors have recently bought and sold shares of the stock. Janus Capital Management LLC increased its position in SunOpta by 1.4% during the 1st quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock worth $103,000 after purchasing an additional 211 shares in the last quarter. Atria Investments LLC purchased a new stake in SunOpta during the 2nd quarter worth about $104,000. South State Corp purchased a new stake in SunOpta during the 2nd quarter worth about $110,000. Cookson Peirce & Co. Inc. purchased a new stake in SunOpta during the 2nd quarter worth about $143,000. Finally, Tudor Investment Corp ET AL purchased a new stake in SunOpta during the 2nd quarter worth about $153,000. Hedge funds and other institutional investors own 79.25% 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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