SunOpta (NASDAQ:STKL) Stock Price Down 5.1%

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) fell 5.1% on Thursday . The stock traded as low as $10.48 and last traded at $10.48. 10,182 shares changed hands during trading, a decline of 98% from the average session volume of 573,791 shares. The stock had previously closed at $11.04.

Several brokerages have weighed in on STKL. Canaccord Genuity started coverage on SunOpta in a report on Monday, April 19th. They set a “buy” rating and a $20.00 price target on the stock. BMO Capital Markets started coverage on SunOpta in a research report on Friday, July 9th. They set an “outperform” rating and a $15.00 price objective for the company. Finally, Zacks Investment Research raised SunOpta from a “sell” rating to a “hold” rating in a research report on Friday, May 14th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $16.17.

The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 15.12 and a beta of 2.03. The firm has a 50 day moving average of $12.38. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.16 and a quick ratio of 0.88.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its earnings results on Wednesday, May 12th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $207.64 million during the quarter, compared to the consensus estimate of $207.60 million. SunOpta had a return on equity of 3.26% and a net margin of 7.30%. Equities research analysts expect that SunOpta Inc. will post 0.01 earnings per share for the current year.

In related news, CEO Joseph Ennen sold 54,949 shares of the firm’s stock in a transaction that occurred on Monday, May 17th. The stock was sold at an average price of $12.49, for a total value of $686,313.01. Following the completion of the transaction, the chief executive officer now directly owns 1,457,757 shares of the company’s stock, valued at approximately $18,207,384.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Chris Whitehair sold 12,039 shares of the stock in a transaction on Monday, May 17th. The shares were sold at an average price of $12.49, for a total value of $150,367.11. Following the sale, the senior vice president now owns 156,633 shares in the company, valued at approximately $1,956,346.17. The disclosure for this sale can be found here. Insiders sold a total of 236,036 shares of company stock valued at $2,965,146 over the last ninety days. 3.76% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in STKL. FMR LLC grew its holdings in SunOpta by 5.4% during the 1st quarter. FMR LLC now owns 3,638,784 shares of the company’s stock valued at $12,590,000 after buying an additional 186,718 shares during the last quarter. BlackRock Inc. acquired a new stake in SunOpta during the 4th quarter valued at $187,000. Alliancebernstein L.P. acquired a new stake in SunOpta during the 4th quarter valued at $188,000. Bank of New York Mellon Corp acquired a new stake in SunOpta during the 4th quarter valued at $3,013,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of SunOpta by 1,007.9% during the fourth quarter. Wells Fargo & Company MN now owns 9,783 shares of the company’s stock worth $114,000 after purchasing an additional 8,900 shares during the last quarter. Hedge funds and other institutional investors own 68.59% of the company’s stock.

About SunOpta (NASDAQ:STKL)

SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.

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