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 the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the transaction, the senior vice president now owns 28,150 shares of the company’s stock, valued at $149,758. This trade represents 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 the SEC website.

SunOpta Stock Performance

Shares of SunOpta stock opened at $5.40 on Friday. The business has a 50-day moving average of $6.98 and a 200 day moving average of $6.93. SunOpta Inc. has a 12 month low of $4.88 and a 12 month high of $8.11. The stock has a market capitalization of $646.59 million, a price-to-earnings ratio of -30.00 and a beta of 1.90. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53.

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

Analyst Ratings Changes

A number of brokerages recently commented on STKL. StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday. Stephens restated an “overweight” rating and set a $10.00 target price on shares of SunOpta in a report on Thursday, January 2nd.

Institutional Investors Weigh In On SunOpta

A number of hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its position in SunOpta by 16.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock valued at $35,122,000 after purchasing an additional 782,338 shares in the last quarter. Hodges Capital Management Inc. raised its position in SunOpta by 1.2% in the 4th quarter. Hodges Capital Management Inc. now owns 3,646,861 shares of the company’s stock valued at $28,081,000 after purchasing an additional 42,232 shares in the last quarter. Granahan Investment Management LLC raised its position in SunOpta by 26.9% in the 4th quarter. Granahan Investment Management LLC now owns 2,782,215 shares of the company’s stock valued at $21,423,000 after purchasing an additional 589,485 shares in the last quarter. Vanguard Group Inc. raised its position in SunOpta by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 2,207,838 shares of the company’s stock valued at $17,002,000 after purchasing an additional 71,116 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in SunOpta by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,143,323 shares of the company’s stock valued at $16,508,000 after purchasing an additional 15,433 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.

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.