Rockefeller Capital Management L.P. Sells 1,332,793 Shares of SunOpta Inc. (NASDAQ:STKL)

Rockefeller Capital Management L.P. lowered its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 24.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,172,044 shares of the company’s stock after selling 1,332,793 shares during the quarter. Rockefeller Capital Management L.P. owned 3.49% of SunOpta worth $32,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Ironwood Investment Management LLC lifted its position in shares of SunOpta by 1.2% during the 4th quarter. Ironwood Investment Management LLC now owns 132,879 shares of the company’s stock worth $1,023,000 after buying an additional 1,549 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of SunOpta by 15.2% during the fourth quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company’s stock valued at $112,000 after acquiring an additional 1,923 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in SunOpta by 33.1% during the third quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock worth $86,000 after acquiring an additional 3,360 shares during the period. Rhumbline Advisers boosted its position in SunOpta by 2.5% in the fourth quarter. Rhumbline Advisers now owns 140,310 shares of the company’s stock worth $1,080,000 after purchasing an additional 3,402 shares during the last quarter. Finally, Hollencrest Capital Management grew its stake in SunOpta by 29.4% in the 4th quarter. Hollencrest Capital Management now owns 22,000 shares of the company’s stock valued at $169,000 after purchasing an additional 5,000 shares during the period. 85.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

STKL has been the topic of a number of recent analyst reports. Stephens reiterated an “overweight” rating and set a $10.00 target price on shares of SunOpta in a research note on Thursday, January 2nd. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th.

Insider Transactions at SunOpta

In related news, 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 value of $45,220.00. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.48% of the company’s stock.

SunOpta Price Performance

Shares of NASDAQ STKL opened at $3.92 on Monday. 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 stock has a fifty day simple moving average of $5.79 and a two-hundred day simple moving average of $6.68. SunOpta Inc. has a 1-year low of $3.65 and a 1-year high of $8.11. The firm has a market cap of $469.44 million, a price-to-earnings ratio of -21.78 and a beta of 1.83.

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

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.