Bank of New York Mellon Corp Has $1.77 Million Stock Holdings in SunOpta Inc. (NASDAQ:STKL)

Bank of New York Mellon Corp trimmed its position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 230,158 shares of the company’s stock after selling 4,974 shares during the period. Bank of New York Mellon Corp’s holdings in SunOpta were worth $1,772,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. EP Wealth Advisors LLC acquired a new stake in SunOpta during the 3rd quarter worth about $79,000. D.A. Davidson & CO. acquired a new position in SunOpta during the 4th quarter valued at about $81,000. Paloma Partners Management Co acquired a new position in SunOpta during the 3rd quarter valued at about $85,000. Quantinno Capital Management LP lifted its position in shares of SunOpta by 33.1% during the 3rd quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock worth $86,000 after buying an additional 3,360 shares in the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of SunOpta during the 4th quarter worth approximately $92,000. 85.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on STKL shares. Stephens reaffirmed an “overweight” rating and issued a $10.00 price target on shares of SunOpta in a report on Thursday, January 2nd. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th.

SunOpta Stock Down 3.0 %

STKL opened at $5.21 on Friday. The company has a fifty day moving average price of $6.78 and a 200-day moving average price of $6.92. The firm has a market capitalization of $623.84 million, a P/E ratio of -28.94 and a beta of 1.90. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. SunOpta Inc. has a one year low of $4.88 and a one year high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The company had revenue of $193.91 million during the quarter, compared to analyst estimates of $189.90 million. Equities research analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the completion of the sale, the senior vice president now directly owns 28,150 shares of the company’s stock, valued at $149,758. The trade was a 23.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 6.48% of the stock is currently owned by insiders.

SunOpta Company 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.