Barclays PLC Has $1.14 Million Stake in SunOpta Inc. (NASDAQ:STKL)

Barclays PLC lifted its holdings in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 103.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 178,954 shares of the company's stock after acquiring an additional 90,937 shares during the period. Barclays PLC owned approximately 0.15% of SunOpta worth $1,142,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. US Bancorp DE lifted its stake in SunOpta by 139.3% during the third 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 period. MQS Management LLC bought a new position in shares of SunOpta during the 2nd quarter worth approximately $63,000. EP Wealth Advisors LLC acquired a new stake in SunOpta in the 3rd quarter valued at $79,000. Tealwood Asset Management Inc. bought a new stake in SunOpta in the third quarter valued at $80,000. Finally, Paloma Partners Management Co acquired a new position in SunOpta during the third quarter worth $85,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SunOpta

In related news, Director Rebecca Fisher sold 13,142 shares of SunOpta stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total transaction of $99,616.36. Following the transaction, the director now owns 108,500 shares of the company's stock, valued at $822,430. This trade represents a 10.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Robert Duchscher sold 50,000 shares of the stock in a transaction on Friday, November 8th. The stock was 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 approximately $314,977.43. This trade represents a 53.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.48% of the stock is currently owned by company insiders.

SunOpta Trading Up 0.1 %

Shares of NASDAQ STKL traded up $0.01 during midday trading on Tuesday, hitting $7.34. The stock had a trading volume of 695,422 shares, compared to its average volume of 545,952. The firm has a market cap of $877.44 million, a P/E ratio of -40.78 and a beta of 1.80. SunOpta Inc. has a fifty-two week low of $4.88 and a fifty-two week 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 company's 50-day simple moving average is $7.63 and its 200 day simple moving average is $6.53.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced 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 firm had revenue of $176.22 million during the quarter, compared to analyst estimates of $172.30 million. Research analysts anticipate that SunOpta Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STKL. Stephens reaffirmed an "overweight" rating and issued a $10.00 target price on shares of SunOpta in a report on Thursday, January 2nd. DA Davidson reaffirmed a "buy" rating and set a $9.00 price objective on shares of SunOpta in a report on Thursday, October 10th. Finally, StockNews.com raised SunOpta from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, SunOpta has an average rating of "Moderate Buy" and an average price target of $9.50.

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.