SunOpta Inc. (NASDAQ:STKL) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 33.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 45,627 shares of the company’s stock after buying an additional 11,518 shares during the quarter. BNP Paribas Financial Markets’ holdings in SunOpta were worth $291,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in SunOpta by 250.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock worth $4,848,000 after purchasing an additional 542,832 shares during the period. Intech Investment Management LLC purchased a new stake in shares of SunOpta in the third quarter worth about $184,000. Citizens Financial Group Inc. RI purchased a new stake in shares of SunOpta in the third quarter worth about $172,000. Royce & Associates LP grew its stake in shares of SunOpta by 9.3% in the third quarter. Royce & Associates LP now owns 1,538,496 shares of the company’s stock valued at $9,816,000 after buying an additional 130,470 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of SunOpta by 16.9% during the 3rd quarter. GSA Capital Partners LLP now owns 212,462 shares of the company’s stock valued at $1,356,000 after buying an additional 30,646 shares during the period. Hedge funds and other institutional investors own 85.39% of the company’s stock.

SunOpta Stock Up 0.8 %

STKL stock opened at $7.87 on Monday. The company has a market capitalization of $940.23 million, a P/E ratio of -43.72 and a beta of 1.78. The firm has a 50 day simple moving average of $7.00 and a 200-day simple moving average of $6.23. 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 $4.62 and a twelve month high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $176.22 million during 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, equities research analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Activity at SunOpta

In other SunOpta news, insider Robert Duchscher sold 50,000 shares of SunOpta stock in a transaction on Friday, November 8th. The shares were sold at an average price of $7.33, for a total value of $366,500.00. Following the completion of the transaction, the insider now owns 42,971 shares of the company’s stock, valued at $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 available through this link. 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 transaction of $99,616.36. Following the sale, the director now directly owns 108,500 shares in the company, valued at $822,430. This trade 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 owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on STKL shares. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Stephens upped their target price on shares of SunOpta from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, DA Davidson reaffirmed a “buy” rating and set a $9.00 price target on shares of SunOpta in a research note on Thursday, October 10th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, SunOpta presently has a consensus rating of “Moderate Buy” and an average target price of $9.50.

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.