251,880 Shares in SunOpta Inc. (NASDAQ:STKL) Bought by Mackenzie Financial Corp

Mackenzie Financial Corp acquired a new position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 251,880 shares of the company’s stock, valued at approximately $1,375,000. Mackenzie Financial Corp owned about 0.21% of SunOpta at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Diamond Hill Capital Management Inc. grew its stake in shares of SunOpta by 65.6% in the third quarter. Diamond Hill Capital Management Inc. now owns 3,904,312 shares of the company’s stock worth $13,158,000 after purchasing an additional 1,546,567 shares in the last quarter. Peregrine Capital Management LLC grew its stake in shares of SunOpta by 306.5% in the third quarter. Peregrine Capital Management LLC now owns 940,535 shares of the company’s stock worth $3,170,000 after purchasing an additional 709,158 shares in the last quarter. First Dallas Securities Inc. grew its stake in shares of SunOpta by 1,706.9% in the third quarter. First Dallas Securities Inc. now owns 650,500 shares of the company’s stock worth $2,192,000 after purchasing an additional 614,500 shares in the last quarter. Wynnefield Capital Inc. grew its stake in shares of SunOpta by 125.2% in the third quarter. Wynnefield Capital Inc. now owns 1,000,000 shares of the company’s stock worth $3,370,000 after purchasing an additional 556,000 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in shares of SunOpta by 36.6% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,417,500 shares of the company’s stock worth $4,777,000 after purchasing an additional 379,600 shares in the last quarter. 85.39% of the stock is currently owned by institutional investors.

SunOpta Price Performance

Shares of NASDAQ STKL opened at $6.68 on Thursday. SunOpta Inc. has a 12 month low of $2.79 and a 12 month high of $8.56. The company has a quick ratio of 0.65, a current ratio of 1.19 and a debt-to-equity ratio of 1.48. The business has a fifty day simple moving average of $6.46 and a 200-day simple moving average of $5.49.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, February 28th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.01 by $0.04. SunOpta had a positive return on equity of 4.05% and a negative net margin of 22.85%. The business had revenue of $181.62 million during the quarter, compared to the consensus estimate of $165.10 million. On average, research analysts predict that SunOpta Inc. will post 0.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

STKL has been the subject of several recent analyst reports. DA Davidson increased their price target on SunOpta from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group raised their target price on SunOpta from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Finally, BMO Capital Markets raised their target price on SunOpta from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, February 29th. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.40.

Insider Buying and Selling

In other SunOpta news, CEO Brian W. Kocher acquired 36,000 shares of SunOpta stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $6.75 per share, with a total value of $243,000.00. Following the purchase, the chief executive officer now owns 36,000 shares in the company, valued at $243,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Brian W. Kocher purchased 36,000 shares of the business’s stock in a transaction dated 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 purchase, the chief executive officer now directly owns 36,000 shares of the company’s stock, valued at $243,000. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Joseph Ennen sold 150,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $6.89, for a total value of $1,033,500.00. Following the sale, the insider now directly 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. Company insiders own 6.48% of the company’s stock.

SunOpta Company 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.