Mutual Advisors LLC Purchases Shares of 12,375 SunOpta Inc. (NASDAQ:STKL)

Mutual Advisors LLC purchased a new stake in SunOpta Inc. (NASDAQ:STKLFree 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.

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

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

(Free Report)

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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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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