11,902 Shares in SunOpta Inc. (NASDAQ:STKL) Purchased by Creative Planning

Creative Planning bought a new position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,902 shares of the company’s stock, valued at approximately $146,000.

Several other hedge funds and other institutional investors have also bought and sold shares of STKL. FMR LLC grew its stake in shares of SunOpta by 5.4% in the first quarter. FMR LLC now owns 3,638,784 shares of the company’s stock worth $12,590,000 after purchasing an additional 186,718 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of SunOpta in the first quarter worth about $1,357,000. Commonwealth Equity Services LLC boosted its position in SunOpta by 111.5% during the 1st quarter. Commonwealth Equity Services LLC now owns 75,983 shares of the company’s stock valued at $1,122,000 after acquiring an additional 40,050 shares in the last quarter. Scotia Capital Inc. bought a new stake in SunOpta during the 1st quarter valued at approximately $936,000. Finally, Koshinski Asset Management Inc. boosted its position in SunOpta by 53.1% during the 1st quarter. Koshinski Asset Management Inc. now owns 48,074 shares of the company’s stock valued at $710,000 after acquiring an additional 16,673 shares in the last quarter. 72.52% of the stock is currently owned by institutional investors.

Several analysts have weighed in on the company. BMO Capital Markets assumed coverage on SunOpta in a research report on Friday, July 9th. They set an “outperform” rating and a $15.00 price objective on the stock. Cowen assumed coverage on SunOpta in a research report on Friday, September 10th. They set an “outperform” rating and a $15.00 price objective on the stock. Finally, Zacks Investment Research raised SunOpta from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Saturday, August 14th. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $17.50.

STKL stock opened at $9.13 on Wednesday. The firm has a 50 day moving average price of $10.26 and a 200-day moving average price of $12.27. SunOpta Inc. has a 52-week low of $6.30 and a 52-week high of $17.07. The firm has a market capitalization of $989.33 million, a price-to-earnings ratio of 12.51 and a beta of 1.95. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.77 and a current ratio of 2.44.

SunOpta Profile

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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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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