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Fmr LLC Has $16.14 Million Stake in SunOpta Inc. (NASDAQ:STKL)

SunOpta logo with Consumer Staples background

FMR LLC decreased its holdings in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 6.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,530,254 shares of the company's stock after selling 188,892 shares during the quarter. FMR LLC owned about 2.12% of SunOpta worth $16,143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in STKL. Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of SunOpta by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,064,115 shares of the company's stock worth $27,346,000 after purchasing an additional 56,560 shares during the period. Hodges Capital Management Inc. grew its position in shares of 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 buying an additional 323,397 shares during the period. Royce & Associates LP increased its stake in shares of 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 acquiring an additional 130,470 shares during the last quarter. Marshall Wace LLP raised its position in shares of SunOpta by 116.3% in the 2nd quarter. Marshall Wace LLP now owns 1,396,724 shares of the company's stock valued at $7,542,000 after acquiring an additional 751,126 shares during the period. Finally, Millennium Management LLC boosted its stake in SunOpta by 52.5% during the 2nd quarter. Millennium Management LLC now owns 1,333,948 shares of the company's stock worth $7,202,000 after acquiring an additional 459,053 shares during the last quarter. Institutional investors own 85.39% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on STKL shares. DA Davidson reissued a "buy" rating and set a $9.00 price target on shares of SunOpta in a research report on Thursday, October 10th. StockNews.com upgraded SunOpta from a "sell" rating to a "hold" rating in a report on Saturday, November 9th. Finally, Stephens increased their target price on SunOpta from $9.00 to $10.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, SunOpta currently has an average rating of "Moderate Buy" and an average price target of $9.50.

View Our Latest Stock Analysis on SunOpta

SunOpta Stock Performance

NASDAQ:STKL traded down $0.10 during mid-day trading on Wednesday, hitting $7.79. The stock had a trading volume of 386,691 shares, compared to its average volume of 793,791. 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 company's 50 day simple moving average is $6.94 and its 200 day simple moving average is $6.19. The stock has a market cap of $930.67 million, a price-to-earnings ratio of -43.28 and a beta of 1.78. SunOpta Inc. has a twelve month low of $4.62 and a twelve month high of $8.11.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, meeting 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 firm had revenue of $176.22 million for the quarter, compared to analysts' expectations of $172.30 million. On average, equities research analysts forecast that SunOpta Inc. will post 0.13 earnings per share for the current year.

Insider Activity at SunOpta

In other news, Director Rebecca Fisher sold 13,142 shares of the company's 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 completion of the sale, the director now owns 108,500 shares of the company's stock, valued at approximately $822,430. This represents a 10.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Robert Duchscher sold 50,000 shares of the business's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00. Following the transaction, the insider now owns 42,971 shares of the company's stock, valued at approximately $314,977.43. This 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 corporate insiders.

SunOpta Profile

(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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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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