First Hawaiian Bank Makes New Investment in SunOpta Inc. (NASDAQ:STKL)

First Hawaiian Bank purchased a new stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 50,668 shares of the company’s stock, valued at approximately $274,000.

Other large investors also recently made changes to their positions in the company. NBC Securities Inc. bought a new stake in shares of SunOpta in the 4th quarter worth approximately $65,000. Johnson Investment Counsel Inc. bought a new position in shares of SunOpta in the fourth quarter valued at $71,000. Signaturefd LLC lifted its position in shares of SunOpta by 89.3% during the 4th quarter. Signaturefd LLC now owns 14,506 shares of the company’s stock valued at $79,000 after acquiring an additional 6,843 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of SunOpta by 18.2% during the 1st quarter. Principal Financial Group Inc. now owns 12,425 shares of the company’s stock worth $85,000 after acquiring an additional 1,917 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of SunOpta in the 1st quarter worth $93,000. Institutional investors own 85.39% of the company’s stock.

SunOpta Trading Up 2.0 %

SunOpta stock traded up $0.10 during midday trading on Tuesday, reaching $5.11. The stock had a trading volume of 348,745 shares, compared to its average volume of 779,600. SunOpta Inc. has a twelve month low of $2.79 and a twelve month high of $7.59. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.22 and a quick ratio of 0.63. The firm has a market cap of $610.13 million, a price-to-earnings ratio of -3.30 and a beta of 1.85. The firm’s fifty day simple moving average is $5.45 and its two-hundred day simple moving average is $5.94.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its 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 positive return on equity of 2.50% and a negative net margin of 24.00%. The company had revenue of $182.80 million during the quarter, compared to analyst estimates of $168.87 million. During the same quarter in the prior year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities analysts anticipate that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

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.