SunOpta Inc. (NASDAQ:STKL) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lessened its stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,664,244 shares of the company’s stock after selling 72,778 shares during the period. Blair William & Co. IL owned 1.39% of SunOpta worth $12,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its position in shares of 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. Hodges Capital Management Inc. lifted its stake in SunOpta by 1.2% in the fourth quarter. Hodges Capital Management Inc. now owns 3,646,861 shares of the company’s stock valued at $28,081,000 after buying an additional 42,232 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of SunOpta by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 2,207,838 shares of the company’s stock valued at $17,002,000 after acquiring an additional 71,116 shares during the period. Geode Capital Management LLC grew its position in shares of SunOpta by 80.9% during the third quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock worth $13,579,000 after acquiring an additional 951,462 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of SunOpta by 18.9% in the 3rd quarter. State Street Corp now owns 1,827,273 shares of the company’s stock valued at $11,658,000 after acquiring an additional 290,372 shares during the period. Hedge funds and other institutional investors own 85.39% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on STKL. Stephens reissued an “overweight” rating and set a $10.00 price objective on shares of SunOpta in a research report on Thursday, January 2nd. StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th.

SunOpta Price Performance

SunOpta stock opened at $4.86 on Friday. The business has a 50 day simple moving average of $6.55 and a 200-day simple moving average of $6.89. SunOpta Inc. has a 12 month low of $4.83 and a 12 month high of $8.11. 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 stock has a market capitalization of $582.01 million, a PE ratio of -27.00 and a beta of 1.90.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its earnings results on Wednesday, February 26th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The company had revenue of $193.91 million during the quarter, compared to analysts’ expectations of $189.90 million. Equities analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current year.

Insider Buying and Selling at SunOpta

In other news, SVP Bryan P. Clark sold 8,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $5.32, for a total value of $45,220.00. Following the completion of the sale, the senior vice president now directly owns 28,150 shares of the company’s stock, valued at $149,758. This trade represents a 23.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.48% of the stock is owned by corporate insiders.

SunOpta Profile

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.