Insider Selling: SunOpta Inc. (NASDAQ:STKL) SVP Sells 8,500 Shares of Stock

SunOpta Inc. (NASDAQ:STKL - Get Free Report) TSE: SOY SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the completion of the transaction, the senior vice president now directly owns 28,150 shares in the company, valued at $149,758. This trade represents a 23.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

SunOpta Stock Down 0.9 %

Shares of STKL traded down $0.05 on Monday, reaching $5.35. The company's stock had a trading volume of 445,470 shares, compared to its average volume of 717,205. 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 twelve month low of $4.88 and a twelve month high of $8.11. The stock has a market capitalization of $640.60 million, a PE ratio of -29.72 and a beta of 1.90. The firm has a fifty day moving average of $6.98 and a 200-day moving average of $6.95.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $193.91 million during the quarter, compared to analyst estimates of $189.90 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. Equities analysts predict that SunOpta Inc. will post 0.13 EPS for the current year.

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Institutional Investors Weigh In On SunOpta

Several large investors have recently modified their holdings of STKL. Quarry LP purchased a new stake in shares of SunOpta during the 4th quarter worth approximately $36,000. US Bancorp DE boosted its holdings in SunOpta by 139.3% in the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company's stock valued at $52,000 after purchasing an additional 4,772 shares during the period. EP Wealth Advisors LLC bought a new position in SunOpta in the 3rd quarter valued at $79,000. D.A. Davidson & CO. bought a new position in SunOpta in the 4th quarter valued at $81,000. Finally, Paloma Partners Management Co bought a new stake in shares of SunOpta during the 3rd quarter worth $85,000. Hedge funds and other institutional investors own 85.39% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Stephens reaffirmed an "overweight" rating and set a $10.00 target price on shares of SunOpta in a research note on Thursday, January 2nd. StockNews.com raised shares of SunOpta from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th.

About SunOpta

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.