Mutual Advisors LLC purchased a new stake in SunOpta Inc. (NASDAQ:STKL – Free Report) (TSE:SOY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 12,375 shares of the company’s stock, valued at approximately $92,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wesbanco Bank Inc. acquired a new stake in SunOpta in the 4th quarter valued at $490,000. SG Americas Securities LLC increased its stake in SunOpta by 1.1% in the 4th quarter. SG Americas Securities LLC now owns 1,012,814 shares of the company’s stock valued at $7,799,000 after buying an additional 10,582 shares during the last quarter. Ballentine Partners LLC increased its stake in SunOpta by 39.3% in the 4th quarter. Ballentine Partners LLC now owns 30,664 shares of the company’s stock valued at $236,000 after buying an additional 8,652 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in SunOpta by 65.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,761,922 shares of the company’s stock valued at $13,567,000 after buying an additional 698,004 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in SunOpta by 12.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 515,170 shares of the company’s stock valued at $3,287,000 after buying an additional 56,621 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors and hedge funds.
SunOpta Stock Performance
Shares of STKL stock opened at $7.53 on Thursday. The company has a market capitalization of $900.96 million, a price-to-earnings ratio of -41.83 and a beta of 1.80. 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 has a 50-day simple moving average of $7.62 and a 200 day simple moving average of $6.68. SunOpta Inc. has a 52 week low of $4.88 and a 52 week high of $8.11.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Stephens restated an “overweight” rating and set a $10.00 price objective on shares of SunOpta in a research note on Thursday, January 2nd. StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. Finally, DA Davidson restated a “buy” rating and set a $9.00 price objective on shares of SunOpta in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.50.
Read Our Latest Research Report on STKL
Insider Buying and Selling
In other SunOpta news, Director Rebecca Fisher sold 13,142 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total value of $99,616.36. Following the completion of the sale, the director now owns 108,500 shares of the company’s stock, valued at $822,430. The trade was a 10.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Robert Duchscher sold 50,000 shares of the business’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 of the company’s stock, valued at $314,977.43. This represents a 53.78 % decrease in their position. The disclosure for this sale can be found here. 6.48% of the stock is currently owned by insiders.
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.
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