Raymond James Financial Inc. Buys New Shares in SunOpta Inc. (NASDAQ:STKL)

Raymond James Financial Inc. bought a new position in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 167,423 shares of the company's stock, valued at approximately $1,289,000. Raymond James Financial Inc. owned about 0.14% of SunOpta as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Geode Capital Management LLC grew its holdings in SunOpta by 80.9% during the 3rd 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 period. Harbor Capital Advisors Inc. boosted its position in shares of SunOpta by 65.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,761,922 shares of the company's stock worth $13,567,000 after purchasing an additional 698,004 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of SunOpta by 250.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company's stock worth $4,848,000 after purchasing an additional 542,832 shares during the period. Hodges Capital Management Inc. increased its holdings in SunOpta by 12.7% in the third quarter. Hodges Capital Management Inc. now owns 3,604,629 shares of the company's stock valued at $22,998,000 after purchasing an additional 406,005 shares during the last quarter. Finally, State Street Corp lifted its stake in SunOpta by 18.9% in the third quarter. State Street Corp now owns 1,827,273 shares of the company's stock valued at $11,658,000 after buying an additional 290,372 shares during the period. Institutional investors and hedge funds own 85.39% of the company's stock.

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Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on STKL shares. Stephens restated an "overweight" rating and set a $10.00 target price on shares of SunOpta in a research report on Thursday, January 2nd. StockNews.com upgraded shares of SunOpta from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th.

SunOpta Trading Down 8.0 %

Shares of SunOpta stock traded down $0.36 during trading hours on Friday, hitting $4.12. The company's stock had a trading volume of 826,226 shares, compared to its average volume of 745,303. The company has a market capitalization of $493.39 million, a PE ratio of -22.89 and a beta of 1.90. 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 50 day moving average of $6.28 and a 200 day moving average of $6.82. SunOpta Inc. has a 12 month low of $4.05 and a 12 month high of $8.11.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced 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 firm had revenue of $193.91 million for the quarter, compared to the consensus estimate of $189.90 million. Analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In other news, SVP Bryan P. Clark sold 8,500 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $5.32, for a total value of $45,220.00. Following the sale, the senior vice president now directly owns 28,150 shares in the company, valued at $149,758. The trade was a 23.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 6.48% of the company's stock.

SunOpta Company 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.