SunOpta, Inc. $STKL Stock Holdings Lessened by Templeton & Phillips Capital Management LLC

Templeton & Phillips Capital Management LLC reduced its holdings in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 20.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 67,023 shares of the company’s stock after selling 16,912 shares during the quarter. SunOpta makes up 0.3% of Templeton & Phillips Capital Management LLC’s portfolio, making the stock its 26th biggest position. Templeton & Phillips Capital Management LLC owned approximately 0.06% of SunOpta worth $389,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. EP Wealth Advisors LLC lifted its position in shares of SunOpta by 11.9% in the 1st quarter. EP Wealth Advisors LLC now owns 16,477 shares of the company’s stock worth $80,000 after buying an additional 1,747 shares during the last quarter. State of Wyoming bought a new position in shares of SunOpta in the 1st quarter worth about $81,000. NorthRock Partners LLC bought a new position in shares of SunOpta in the 2nd quarter worth about $90,000. Ballentine Partners LLC bought a new stake in SunOpta in the 2nd quarter valued at about $120,000. Finally, Quantbot Technologies LP bought a new stake in SunOpta in the 1st quarter valued at about $123,000. 85.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on STKL. Zacks Research lowered shares of SunOpta from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of SunOpta in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SunOpta has an average rating of “Hold” and a consensus target price of $10.00.

SunOpta Trading Down 1.3%

SunOpta stock opened at $5.43 on Thursday. The firm has a 50-day moving average price of $6.04 and a two-hundred day moving average price of $5.83. The firm has a market capitalization of $655.62 million, a price-to-earnings ratio of -90.50 and a beta of 1.40. SunOpta, Inc. has a 52-week low of $3.64 and a 52-week high of $8.11. The company has a quick ratio of 0.39, a current ratio of 0.96 and a debt-to-equity ratio of 1.46.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The company had revenue of $191.49 million during the quarter, compared to analyst estimates of $185.36 million. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. Sell-side analysts expect that SunOpta, Inc. will post 0.13 earnings per share for the current year.

SunOpta Company 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.