Rockefeller Capital Management L.P. Boosts Stock Position in SunOpta Inc. (NASDAQ:STKL)

Rockefeller Capital Management L.P. lifted its position in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 16.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,504,837 shares of the company's stock after purchasing an additional 782,338 shares during the period. Rockefeller Capital Management L.P. owned about 4.61% of SunOpta worth $35,122,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in SunOpta by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 642,505 shares of the company's stock valued at $4,414,000 after purchasing an additional 44,905 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of SunOpta by 13.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 26,913 shares of the company's stock worth $185,000 after buying an additional 3,171 shares during the period. Tidal Investments LLC purchased a new position in shares of SunOpta during the first quarter worth about $616,000. Cetera Advisors LLC acquired a new position in SunOpta in the 1st quarter valued at about $134,000. Finally, First Hawaiian Bank purchased a new stake in SunOpta during the 2nd quarter valued at approximately $274,000. 85.39% of the stock is owned by hedge funds and other institutional investors.

SunOpta Price Performance

Shares of STKL traded down $0.06 during mid-day trading on Friday, hitting $7.75. The company's stock had a trading volume of 537,549 shares, compared to its average volume of 838,176. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. SunOpta Inc. has a 1-year low of $4.62 and a 1-year high of $8.11. The firm has a market capitalization of $925.89 million, a P/E ratio of -43.05 and a beta of 1.83. The firm has a 50-day simple moving average of $6.75 and a 200 day simple moving average of $6.06.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last released its earnings results on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting 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 company had revenue of $176.22 million during the quarter, compared to the consensus estimate of $172.30 million. Analysts predict that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Insider Buying and Selling

In other SunOpta news, Director Rebecca Fisher sold 13,142 shares of the firm's stock in a transaction dated 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 transaction, the director now directly owns 108,500 shares in the company, valued at approximately $822,430. This trade represents a 10.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Duchscher sold 50,000 shares of the company's stock in a transaction dated Friday, November 8th. The shares were 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 directly owns 42,971 shares in the company, valued at $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 owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. DA Davidson reiterated a "buy" rating and issued a $9.00 target price on shares of SunOpta in a research note on Thursday, October 10th. Stephens boosted their price objective on shares of SunOpta from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded shares of SunOpta from a "sell" rating to a "hold" rating in a research report on Saturday, November 9th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.