SunOpta Inc. (NASDAQ:STKL) Director Sells $99,616.36 in Stock

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) Director Rebecca Fisher sold 13,142 shares of SunOpta stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total value of $99,616.36. Following the completion of the sale, the director now directly owns 108,500 shares of the company’s stock, valued at $822,430. The trade was a 10.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SunOpta Price Performance

SunOpta stock traded down $0.16 during mid-day trading on Wednesday, hitting $7.49. The stock had a trading volume of 29,052 shares, compared to its average volume of 805,823. SunOpta Inc. has a one year low of $4.62 and a one year high of $7.75. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $894.68 million, a P/E ratio of -42.50 and a beta of 1.83. The firm’s 50 day moving average is $6.57 and its 200 day moving average is $5.95.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The firm had revenue of $176.22 million during the quarter, compared to analyst estimates of $172.30 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. On average, sell-side analysts forecast that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STKL. DA Davidson reaffirmed a “buy” rating and issued a $9.00 price objective on shares of SunOpta in a report on Thursday, October 10th. StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Stephens boosted their price objective on SunOpta from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Institutional Investors Weigh In On SunOpta

Institutional investors have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. lifted its holdings in shares of SunOpta by 16.6% in the third quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock worth $35,122,000 after buying an additional 782,338 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its stake in SunOpta by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,064,115 shares of the company’s stock valued at $27,346,000 after acquiring an additional 56,560 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in SunOpta by 12.7% in the 3rd quarter. Hodges Capital Management Inc. now owns 3,604,629 shares of the company’s stock valued at $22,998,000 after acquiring an additional 406,005 shares during the last quarter. Geode Capital Management LLC lifted its stake in SunOpta by 80.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock worth $13,579,000 after purchasing an additional 951,462 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of SunOpta by 18.9% during the 3rd quarter. State Street Corp now owns 1,827,273 shares of the company’s stock valued at $11,658,000 after purchasing an additional 290,372 shares during the last quarter. 85.39% of the stock is owned by hedge funds and other institutional investors.

About SunOpta

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.