Dorsey & Whitney Trust CO LLC Has $195,000 Position in SunOpta Inc. (NASDAQ:STKL)

Dorsey & Whitney Trust CO LLC lifted its stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 38.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,130 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in SunOpta were worth $195,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of STKL. NBC Securities Inc. acquired a new stake in shares of SunOpta in the fourth quarter valued at approximately $65,000. Johnson Investment Counsel Inc. bought a new position in SunOpta in the fourth quarter valued at approximately $71,000. Boston Partners bought a new position in SunOpta in the fourth quarter valued at approximately $752,000. Allianz Asset Management GmbH boosted its stake in SunOpta by 4.8% in the fourth quarter. Allianz Asset Management GmbH now owns 740,621 shares of the company’s stock valued at $4,061,000 after acquiring an additional 33,730 shares during the last quarter. Finally, CastleKnight Management LP bought a new position in SunOpta in the fourth quarter valued at approximately $8,743,000. Institutional investors and hedge funds own 85.39% of the company’s stock.

SunOpta Trading Up 2.6 %

Shares of NASDAQ:STKL opened at $6.41 on Friday. SunOpta Inc. has a 12 month low of $2.79 and a 12 month high of $7.59. The company has a quick ratio of 0.61, a current ratio of 1.27 and a debt-to-equity ratio of 1.67. The company’s fifty day simple moving average is $5.69 and its 200 day simple moving average is $5.93. The firm has a market cap of $764.96 million, a price-to-earnings ratio of -4.22 and a beta of 1.82.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. SunOpta had a negative net margin of 23.23% and a positive return on equity of 6.51%. The business had revenue of $171.00 million for the quarter, compared to analyst estimates of $159.95 million. During the same period last year, the business posted ($0.03) earnings per share. The firm’s quarterly revenue was down 17.7% on a year-over-year basis. As a group, research analysts forecast that SunOpta Inc. will post 0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

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.