Barclays PLC lifted its holdings in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 103.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,954 shares of the company's stock after acquiring an additional 90,937 shares during the quarter. Barclays PLC owned about 0.15% of SunOpta worth $1,142,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in SunOpta by 250.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company's stock valued at $4,848,000 after purchasing an additional 542,832 shares during the period. Harbor Capital Advisors Inc. raised its holdings 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 valued at $6,788,000 after buying an additional 596,403 shares during the period. PDT Partners LLC purchased a new stake in shares of SunOpta during the 3rd quarter valued at about $726,000. Hodges Capital Management Inc. lifted its position in SunOpta by 11.2% during the 2nd quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company's stock worth $17,273,000 after acquiring an additional 323,397 shares in the last quarter. Finally, State Street Corp boosted its holdings in SunOpta by 18.9% in the 3rd quarter. State Street Corp now owns 1,827,273 shares of the company's stock worth $11,658,000 after acquiring an additional 290,372 shares during the period. Institutional investors and hedge funds own 85.39% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on STKL. StockNews.com upgraded shares of SunOpta from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Stephens lifted their price target on shares of SunOpta from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. Finally, DA Davidson reissued a "buy" rating and issued a $9.00 price objective on shares of SunOpta in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $9.50.
Read Our Latest Stock Analysis on STKL
SunOpta Stock Down 2.0 %
Shares of STKL stock traded down $0.16 during mid-day trading on Monday, reaching $7.65. 326,057 shares of the company were exchanged, compared to its average volume of 781,786. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. The business's 50 day simple moving average is $7.35 and its 200 day simple moving average is $6.38. The company has a market capitalization of $914.50 million, a P/E ratio of -42.50 and a beta of 1.78. SunOpta Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $8.11.
SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last released its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $176.22 million during the quarter, compared to the consensus estimate of $172.30 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. Research analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current year.
Insider Activity at SunOpta
In related news, insider Robert Duchscher sold 50,000 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00. Following the sale, the insider now owns 42,971 shares in the company, valued at $314,977.43. This represents a 53.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Rebecca Fisher sold 13,142 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total transaction of $99,616.36. Following the completion of the transaction, the director now directly owns 108,500 shares in the company, valued at $822,430. This represents a 10.80 % decrease in their position. The disclosure for this sale can be found here. 6.48% of the stock is owned by corporate insiders.
About SunOpta
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Free Report)
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.
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