Geode Capital Management LLC Has $13.58 Million Holdings in SunOpta Inc. (NASDAQ:STKL)

Geode Capital Management LLC lifted its stake in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 80.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,127,890 shares of the company's stock after buying an additional 951,462 shares during the period. Geode Capital Management LLC owned approximately 1.78% of SunOpta worth $13,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. First Bank & Trust lifted its position in shares of SunOpta by 7.9% during the 3rd quarter. First Bank & Trust now owns 25,409 shares of the company's stock valued at $162,000 after acquiring an additional 1,856 shares during the period. Mackenzie Financial Corp lifted its position in SunOpta by 0.9% during the second quarter. Mackenzie Financial Corp now owns 254,678 shares of the company's stock worth $1,370,000 after purchasing an additional 2,155 shares during the period. Creative Planning lifted its position in SunOpta by 9.3% during the third quarter. Creative Planning now owns 30,716 shares of the company's stock worth $196,000 after purchasing an additional 2,617 shares during the period. Quantinno Capital Management LP grew its stake in SunOpta by 33.1% during the third quarter. Quantinno Capital Management LP now owns 13,522 shares of the company's stock worth $86,000 after buying an additional 3,360 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in SunOpta by 10.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,958 shares of the company's stock valued at $200,000 after buying an additional 3,521 shares during the period. Institutional investors and hedge funds own 85.39% of the company's stock.

Insiders Place Their Bets

In other SunOpta news, Director Rebecca Fisher sold 13,142 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total value of $99,616.36. Following the sale, the director now owns 108,500 shares in the company, valued at approximately $822,430. The trade was a 10.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert Duchscher sold 50,000 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $7.33, for a total value of $366,500.00. Following the transaction, 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. Insiders own 6.48% of the company's stock.

Analyst Ratings Changes

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

SunOpta Price Performance

Shares of SunOpta stock traded up $0.05 during midday trading on Tuesday, hitting $7.70. 605,029 shares of the company traded hands, compared to its average volume of 781,085. The firm's fifty day moving average price is $7.39 and its 200-day moving average price is $6.40. The stock has a market cap of $920.47 million, a price-to-earnings ratio of -42.78 and a beta of 1.78. SunOpta Inc. has a 12 month low of $4.88 and a 12 month 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.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, hitting analysts' consensus estimates 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. As a group, sell-side analysts forecast that SunOpta Inc. will post 0.13 earnings per share 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.