SunOpta Inc. (NASDAQ:STKL) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 26.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,266 shares of the company’s stock after selling 42,039 shares during the quarter. Jane Street Group LLC’s holdings in SunOpta were worth $742,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in STKL. Rockefeller Capital Management L.P. increased its position in shares of SunOpta by 16.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock valued at $35,122,000 after purchasing an additional 782,338 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in SunOpta by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,064,115 shares of the company’s stock valued at $27,346,000 after buying an additional 56,560 shares in the last quarter. State Street Corp lifted its holdings in SunOpta by 18.9% during the 3rd quarter. State Street Corp now owns 1,827,273 shares of the company’s stock worth $11,658,000 after buying an additional 290,372 shares during the last quarter. Royce & Associates LP boosted its position in shares of SunOpta by 9.3% during the 3rd quarter. Royce & Associates LP now owns 1,538,496 shares of the company’s stock worth $9,816,000 after acquiring an additional 130,470 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings 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 last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

SunOpta Trading Up 0.5 %

NASDAQ:STKL opened at $7.74 on Friday. The company has a market capitalization of $925.26 million, a PE ratio of -43.00 and a beta of 1.78. SunOpta Inc. has a 52-week low of $4.88 and a 52-week high of $8.11. The stock’s 50 day moving average price is $7.46 and its 200 day moving average price is $6.42. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $176.22 million for the quarter, compared to analyst estimates of $172.30 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. On average, research analysts anticipate that SunOpta Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on STKL. StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. DA Davidson restated a “buy” rating and set a $9.00 price objective on shares of SunOpta in a research report on Thursday, October 10th. Finally, Stephens reaffirmed an “overweight” rating and issued a $10.00 target price on shares of SunOpta in a research report on Thursday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

Insiders Place Their Bets

In other news, insider Robert Duchscher sold 50,000 shares of the business’s stock in a transaction that occurred on 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 approximately $314,977.43. The trade was a 53.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Rebecca Fisher sold 13,142 shares of the stock in a transaction on 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 directly owns 108,500 shares of the company’s stock, valued at approximately $822,430. This represents a 10.80 % 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 insiders.

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.