SunOpta Inc. (NASDAQ:STKL) SVP Sells $45,220.00 in Stock

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the transaction, the senior vice president now directly owns 28,150 shares in the company, valued at approximately $149,758. The trade was a 23.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SunOpta Price Performance

NASDAQ STKL opened at $5.40 on Friday. The firm’s fifty day simple moving average is $6.98 and its two-hundred day simple moving average is $6.94. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. SunOpta Inc. has a 12-month low of $4.88 and a 12-month high of $8.11. The firm has a market capitalization of $646.59 million, a P/E ratio of -30.00 and a beta of 1.90.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The business had revenue of $193.91 million for the quarter, compared to analyst estimates of $189.90 million. Analysts forecast that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On SunOpta

Several institutional investors and hedge funds have recently made changes to their positions in STKL. US Bancorp DE lifted its stake in shares of SunOpta by 139.3% during the third quarter. US Bancorp DE now owns 8,197 shares of the company’s stock worth $52,000 after buying an additional 4,772 shares during the period. GSA Capital Partners LLP lifted its stake in shares of SunOpta by 16.9% during the third quarter. GSA Capital Partners LLP now owns 212,462 shares of the company’s stock worth $1,356,000 after buying an additional 30,646 shares during the period. Royce & Associates LP lifted its stake in shares of SunOpta by 9.3% during the third quarter. Royce & Associates LP now owns 1,538,496 shares of the company’s stock worth $9,816,000 after buying an additional 130,470 shares during the period. Citizens Financial Group Inc. RI acquired a new stake in shares of SunOpta during the third quarter worth $172,000. Finally, Intech Investment Management LLC acquired a new stake in shares of SunOpta during the third quarter worth $184,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on STKL. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Stephens reissued an “overweight” rating and set a $10.00 price objective on shares of SunOpta in a report on Thursday, January 2nd.

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.