Rebecca Fisher Sells 13,142 Shares of SunOpta Inc. (NASDAQ:STKL) Stock

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) Director Rebecca Fisher sold 13,142 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total value of $99,616.36. Following the transaction, the director now directly owns 108,500 shares of the company’s stock, valued at $822,430. This trade represents a 10.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

SunOpta Price Performance

NASDAQ:STKL opened at $7.70 on Friday. The firm’s fifty day moving average price is $6.62 and its two-hundred day moving average price is $5.97. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The company has a market cap of $919.92 million, a P/E ratio of -42.78 and a beta of 1.83. SunOpta Inc. has a one year low of $4.62 and a one year high of $7.75.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The firm had revenue of $176.22 million for the quarter, compared to analysts’ expectations of $172.30 million. Equities analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current year.

Institutional Trading of SunOpta

Several hedge funds have recently added to or reduced their stakes in STKL. SG Americas Securities LLC acquired a new stake in shares of SunOpta during the third quarter worth $6,394,000. Geode Capital Management LLC raised its stake in SunOpta by 80.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock worth $13,579,000 after purchasing an additional 951,462 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings 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 during the period. Marshall Wace LLP grew its position in shares of SunOpta by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 1,396,724 shares of the company’s stock worth $7,542,000 after purchasing an additional 751,126 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of SunOpta by 127.6% during the third quarter. Harbor Capital Advisors Inc. now owns 1,063,918 shares of the company’s stock worth $6,788,000 after purchasing an additional 596,403 shares during the period. 85.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $9.00 target price on shares of SunOpta in a research note on Thursday, October 10th. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Finally, Stephens lifted their price target on SunOpta from $9.00 to $10.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

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.