SunOpta, Inc. (STKL) CEO Joseph Ennen Buys 50,000 Shares

SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) CEO Joseph Ennen bought 50,000 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were purchased at an average cost of $4.31 per share, with a total value of $215,500.00. Following the completion of the transaction, the chief executive officer now owns 54,000 shares in the company, valued at $232,740. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of NASDAQ STKL opened at $4.31 on Wednesday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.20 and a quick ratio of 0.38. The firm has a market cap of $366.80 million, a price-to-earnings ratio of -15.39 and a beta of 1.13. SunOpta, Inc. has a twelve month low of $2.21 and a twelve month high of $9.10.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.09). The business had revenue of $305.28 million during the quarter, compared to analyst estimates of $308.10 million. SunOpta had a negative return on equity of 10.09% and a negative net margin of 6.32%. Research analysts expect that SunOpta, Inc. will post -0.3 earnings per share for the current fiscal year.



A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered SunOpta from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub raised SunOpta from a “strong sell” rating to a “sell” rating in a research report on Friday, April 26th. Finally, ValuEngine lowered SunOpta from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. SunOpta has an average rating of “Hold” and an average price target of $10.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barrow Hanley Mewhinney & Strauss LLC raised its position in shares of SunOpta by 97.0% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,269,857 shares of the company’s stock worth $28,134,000 after acquiring an additional 3,578,928 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of SunOpta in the 4th quarter worth $11,646,000. Factory Mutual Insurance Co. raised its position in shares of SunOpta by 18.7% in the 1st quarter. Factory Mutual Insurance Co. now owns 2,576,700 shares of the company’s stock worth $9,173,000 after acquiring an additional 405,300 shares in the last quarter. Kennedy Capital Management Inc. raised its position in shares of SunOpta by 42.7% in the 1st quarter. Kennedy Capital Management Inc. now owns 2,360,142 shares of the company’s stock worth $8,166,000 after acquiring an additional 705,865 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of SunOpta by 21.2% in the 1st quarter. Royce & Associates LP now owns 1,810,141 shares of the company’s stock worth $6,263,000 after acquiring an additional 316,334 shares in the last quarter. 81.78% of the stock is owned by hedge funds and other institutional investors.

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About SunOpta

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

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