SunOpta Inc. (NASDAQ:STKL) Insider Sells $366,500.00 in Stock

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) insider Robert Duchscher sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00. Following the completion of the sale, the insider now owns 42,971 shares in the company, valued at $314,977.43. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

SunOpta Price Performance

Shares of NASDAQ:STKL opened at $7.29 on Monday. The stock has a market cap of $870.79 million, a price-to-earnings ratio of -40.50 and a beta of 1.83. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.61. SunOpta Inc. has a 12 month low of $3.85 and a 12 month high of $7.59. The stock’s 50 day moving average price is $6.33 and its 200 day moving average price is $5.89.

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

Analysts Set New Price Targets

STKL has been the topic of several analyst reports. Stephens raised their target price on SunOpta from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. DA Davidson reissued a “buy” rating and issued a $9.00 price target on shares of SunOpta in a research note on Thursday, October 10th. Finally, StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, SunOpta has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Institutional Investors Weigh In On SunOpta

A number of institutional investors and hedge funds have recently bought and sold shares of STKL. SG Americas Securities LLC bought a new stake in shares of SunOpta in the 3rd quarter worth approximately $6,394,000. Blair William & Co. IL increased its holdings in shares of SunOpta by 77.0% in the first quarter. Blair William & Co. IL now owns 1,971,345 shares of the company’s stock valued at $13,543,000 after buying an additional 857,603 shares in the last quarter. Marshall Wace LLP lifted 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 valued at $7,542,000 after acquiring an additional 751,126 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of SunOpta by 127.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,063,918 shares of the company’s stock worth $6,788,000 after acquiring an additional 596,403 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of SunOpta by 52.5% in the 2nd quarter. Millennium Management LLC now owns 1,333,948 shares of the company’s stock worth $7,202,000 after acquiring an additional 459,053 shares during the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.

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.