Victory Capital Management Inc. Has $618,000 Holdings in SunOpta Inc. (NASDAQ:STKL)

Victory Capital Management Inc. reduced its stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,890 shares of the company’s stock after selling 14,080 shares during the period. Victory Capital Management Inc. owned 0.10% of SunOpta worth $618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STKL. Mackenzie Financial Corp purchased a new position in SunOpta in the fourth quarter valued at about $1,375,000. Wynnefield Capital Inc. grew its holdings in shares of SunOpta by 125.2% during the 3rd quarter. Wynnefield Capital Inc. now owns 1,000,000 shares of the company’s stock valued at $3,370,000 after purchasing an additional 556,000 shares during the last quarter. Barclays PLC grew its holdings in shares of SunOpta by 66.4% during the 3rd quarter. Barclays PLC now owns 97,260 shares of the company’s stock valued at $328,000 after purchasing an additional 38,810 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of SunOpta by 50.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,189 shares of the company’s stock valued at $34,000 after purchasing an additional 3,439 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in SunOpta by 49.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 60,386 shares of the company’s stock valued at $330,000 after buying an additional 20,038 shares during the period. 85.39% of the stock is owned by institutional investors.

Insider Activity at SunOpta

In other SunOpta news, CEO Brian W. Kocher purchased 36,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average cost of $6.75 per share, with a total value of $243,000.00. Following the transaction, the chief executive officer now directly owns 36,000 shares in the company, valued at approximately $243,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Brian W. Kocher acquired 36,000 shares of SunOpta stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $6.75 per share, for a total transaction of $243,000.00. Following the purchase, the chief executive officer now owns 36,000 shares in the company, valued at $243,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Joseph Ennen sold 150,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $6.89, for a total transaction of $1,033,500.00. Following the sale, the insider now owns 1,743,399 shares of the company’s stock, valued at $12,012,019.11. The disclosure for this sale can be found here. 6.48% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Canaccord Genuity Group increased their price target on shares of SunOpta from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. BMO Capital Markets raised their target price on shares of SunOpta from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. DA Davidson raised their target price on shares of SunOpta from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Finally, StockNews.com cut shares of SunOpta from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.40.

SunOpta Trading Down 1.9 %

Shares of NASDAQ STKL opened at $5.20 on Friday. SunOpta Inc. has a 1 year low of $2.79 and a 1 year high of $7.59. The stock has a market cap of $615.30 million, a P/E ratio of -3.42 and a beta of 1.73. The firm has a 50-day moving average of $6.21 and a 200 day moving average of $5.78. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.22 and a quick ratio of 0.63.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02. SunOpta had a negative net margin of 24.00% and a positive return on equity of 2.50%. The company had revenue of $182.80 million during the quarter, compared to analysts’ expectations of $168.87 million. During the same period last year, the company posted $0.05 EPS. SunOpta’s revenue was up 17.9% on a year-over-year basis. As a group, sell-side analysts expect that SunOpta Inc. will post 0.15 EPS for the current fiscal year.

SunOpta 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.