Universal Beteiligungs und Servicegesellschaft mbH Lowers Stock Holdings in SunOpta, Inc. $STKL

Universal Beteiligungs und Servicegesellschaft mbH cut its holdings in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 34.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 360,000 shares of the company’s stock after selling 193,000 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.31% of SunOpta worth $2,088,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC increased its holdings in SunOpta by 3,725.7% in the 2nd quarter. SG Americas Securities LLC now owns 982,047 shares of the company’s stock worth $5,696,000 after acquiring an additional 956,377 shares in the last quarter. Granahan Investment Management LLC lifted its holdings in SunOpta by 20.3% during the first quarter. Granahan Investment Management LLC now owns 3,346,836 shares of the company’s stock valued at $16,266,000 after purchasing an additional 564,621 shares in the last quarter. Cooperman Leon G grew its position in shares of SunOpta by 9.1% in the first quarter. Cooperman Leon G now owns 6,097,331 shares of the company’s stock valued at $29,633,000 after purchasing an additional 507,990 shares during the period. Rip Road Capital Partners LP increased its stake in shares of SunOpta by 213.2% during the first quarter. Rip Road Capital Partners LP now owns 500,814 shares of the company’s stock worth $2,434,000 after purchasing an additional 340,914 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of SunOpta during the first quarter worth about $1,533,000. Hedge funds and other institutional investors own 85.39% of the company’s stock.

SunOpta Price Performance

STKL stock opened at $3.35 on Tuesday. SunOpta, Inc. has a 1 year low of $3.32 and a 1 year high of $8.11. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.96 and a quick ratio of 0.39. The firm has a market capitalization of $396.03 million, a PE ratio of -55.83 and a beta of 1.38. The business has a 50 day simple moving average of $5.28 and a 200-day simple moving average of $5.83.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. The firm had revenue of $205.41 million for the quarter, compared to the consensus estimate of $195.57 million. SunOpta had a positive return on equity of 12.82% and a negative net margin of 0.66%. SunOpta has set its FY 2025 guidance at EPS. Equities research analysts anticipate that SunOpta, Inc. will post 0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on STKL shares. Zacks Research lowered shares of SunOpta from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “sell (d)” rating on shares of SunOpta in a research report on Wednesday, November 19th. Finally, Mizuho lowered their price target on SunOpta from $10.00 to $8.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $9.00.

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.