SunOpta Inc. (NASDAQ:STKL - Get Free Report) (TSE:SOY) SVP Bryan P. Clark sold 8,500 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the completion of the transaction, the senior vice president now directly owns 28,150 shares in the company, valued at approximately $149,758. This represents a 23.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
SunOpta Stock Down 6.2 %
NASDAQ STKL opened at $5.32 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. The company has a market cap of $637.01 million, a price-to-earnings ratio of -29.55 and a beta of 1.90. The company has a 50 day moving average of $7.03 and a 200-day moving average of $6.94. SunOpta Inc. has a 1-year low of $4.88 and a 1-year high of $8.11.
SunOpta (NASDAQ:STKL - Get Free Report) (TSE:SOY) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $193.91 million during the quarter, compared to analysts' expectations of $189.90 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. On average, equities research analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
STKL has been the topic of a number of recent research reports. StockNews.com upgraded SunOpta from a "sell" rating to a "hold" rating in a research note on Tuesday. Stephens reiterated an "overweight" rating and set a $10.00 price objective on shares of SunOpta in a research report on Thursday, January 2nd.
View Our Latest Research Report on STKL
Institutional Trading of SunOpta
Several large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of SunOpta by 250.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company's stock valued at $4,848,000 after purchasing an additional 542,832 shares in the last quarter. PDT Partners LLC bought a new position in SunOpta in the third quarter valued at about $726,000. State Street Corp raised its stake in SunOpta by 18.9% during the third quarter. State Street Corp now owns 1,827,273 shares of the company's stock worth $11,658,000 after acquiring an additional 290,372 shares in the last quarter. Barclays PLC lifted its holdings in shares of SunOpta by 103.3% in the third quarter. Barclays PLC now owns 178,954 shares of the company's stock worth $1,142,000 after acquiring an additional 90,937 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of SunOpta by 80.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company's stock valued at $13,579,000 after purchasing an additional 951,462 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company's stock.
About SunOpta
(
Get 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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