SunOpta Inc. (NASDAQ:STKL) Position Boosted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 250.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 759,869 shares of the company's stock after buying an additional 542,832 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.64% of SunOpta worth $4,848,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. raised its holdings in SunOpta by 127.6% in the third 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. Hodges Capital Management Inc. raised its stake in shares of SunOpta by 11.2% in the 2nd quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company's stock valued at $17,273,000 after acquiring an additional 323,397 shares during the period. Vanguard Group Inc. lifted its holdings in shares of SunOpta by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 642,505 shares of the company's stock valued at $4,414,000 after acquiring an additional 44,905 shares in the last quarter. SG Americas Securities LLC purchased a new stake in SunOpta during the 3rd quarter worth $6,394,000. Finally, Royce & Associates LP increased its holdings in SunOpta by 9.3% in the 3rd quarter. Royce & Associates LP now owns 1,538,496 shares of the company's stock valued at $9,816,000 after purchasing an additional 130,470 shares in the last quarter. 85.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at SunOpta

In related news, Director Rebecca Fisher sold 13,142 shares of SunOpta stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total value of $99,616.36. Following the sale, the director now directly owns 108,500 shares in the company, valued at $822,430. This trade represents a 10.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Robert Duchscher sold 50,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 42,971 shares of the company's stock, valued at approximately $314,977.43. This trade represents a 53.78 % decrease in their position. The disclosure for this sale can be found here. 6.48% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on STKL shares. StockNews.com upgraded SunOpta from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Stephens boosted their price target on SunOpta from $9.00 to $10.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Finally, DA Davidson reaffirmed 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 issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $9.50.

SunOpta Stock Up 0.8 %

Shares of NASDAQ STKL traded up $0.06 during midday trading on Friday, reaching $7.87. 809,731 shares of the company's stock were exchanged, compared to its average volume of 519,840. The stock has a market capitalization of $940.23 million, a PE ratio of -43.72 and a beta of 1.78. SunOpta Inc. has a 52-week low of $4.62 and a 52-week high of $8.11. 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 fifty day moving average price is $7.00 and its two-hundred day moving average price is $6.22.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The company had revenue of $176.22 million for the quarter, compared to the consensus estimate of $172.30 million. Analysts forecast that SunOpta Inc. will post 0.13 EPS for the current year.

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.