SunOpta Inc. (NASDAQ:STKL) Director Sells $99,616.36 in Stock

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) Director Rebecca Fisher sold 13,142 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total value of $99,616.36. Following the completion of the transaction, the director now owns 108,500 shares in the company, valued at $822,430. The trade was a 10.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

SunOpta Stock Up 1.9 %

Shares of STKL opened at $7.70 on Friday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. SunOpta Inc. has a 52 week low of $4.62 and a 52 week high of $7.75. The stock has a market capitalization of $919.92 million, a price-to-earnings ratio of -42.78 and a beta of 1.83. The stock has a fifty day moving average of $6.62 and a 200-day moving average of $5.97.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $176.22 million for the quarter, compared to analyst estimates of $172.30 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 anticipate that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SunOpta

A number of institutional investors have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. bought a new position in shares of SunOpta during the second quarter valued at $42,000. US Bancorp DE raised its position in SunOpta by 139.3% during the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company’s stock worth $52,000 after purchasing an additional 4,772 shares during the last quarter. Ballentine Partners LLC bought a new position in SunOpta during the 2nd quarter worth $60,000. MQS Management LLC acquired a new position in SunOpta during the 2nd quarter worth about $63,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of SunOpta in the 3rd quarter valued at about $79,000. 85.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

STKL has been the topic of a number of analyst reports. StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. DA Davidson reiterated a “buy” rating and set a $9.00 price target on shares of SunOpta in a research report on Thursday, October 10th. Finally, Stephens upped their target price on SunOpta from $9.00 to $10.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from 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.