SunOpta Inc. (NASDAQ:STKL) Shares Sold by Epiq Partners LLC

Epiq Partners LLC reduced its position in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,755 shares of the company's stock after selling 38,000 shares during the quarter. Epiq Partners LLC owned approximately 0.21% of SunOpta worth $1,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. US Bancorp DE boosted its position in shares of 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 acquiring an additional 4,772 shares during the last quarter. Mutual Advisors LLC bought a new position in shares of SunOpta during the fourth quarter worth $92,000. EP Wealth Advisors LLC bought a new position in shares of SunOpta during the third quarter worth $79,000. Tealwood Asset Management Inc. bought a new position in shares of SunOpta during the third quarter worth $80,000. Finally, Paloma Partners Management Co purchased a new stake in SunOpta during the third quarter valued at $85,000. 85.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of SunOpta from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. Stephens reaffirmed an "overweight" rating and set a $10.00 price target on shares of SunOpta in a research note on Thursday, January 2nd. Finally, DA Davidson reaffirmed a "buy" rating and set a $9.00 price target on shares of SunOpta in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $9.50.

SunOpta Stock Down 2.0 %

SunOpta stock traded down $0.15 during midday trading on Friday, hitting $7.33. 403,789 shares of the company's stock were exchanged, compared to its average volume of 478,284. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. SunOpta Inc. has a 12 month low of $4.88 and a 12 month high of $8.11. The firm has a 50-day moving average of $7.62 and a two-hundred day moving average of $6.69. The company has a market cap of $877.03 million, a PE ratio of -40.72 and a beta of 1.80.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its earnings results 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 negative net margin of 2.74% and a positive return on equity of 7.92%. The company had revenue of $176.22 million for the quarter, compared to analysts' expectations of $172.30 million. As a group, analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Activity

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 value of $99,616.36. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Robert Duchscher sold 50,000 shares of SunOpta stock in a transaction that occurred 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 of the company's stock, valued at $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. Company insiders own 6.48% of the company's stock.

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.