SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) CFO Robert Mckeracher sold 36,533 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $8.41, for a total transaction of $307,242.53. The sale was disclosed in a filing with the SEC, which is available at this link.
SunOpta, Inc. (NASDAQ STKL) opened at 8.50 on Friday. The company’s market cap is $735.22 million. SunOpta, Inc. has a one year low of $5.73 and a one year high of $10.20. The stock has a 50 day moving average of $8.89 and a 200 day moving average of $8.44.
SunOpta (NASDAQ:STKL) (TSE:SOY) last released its earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02). The company had revenue of $336.45 million for the quarter, compared to the consensus estimate of $341.18 million. SunOpta had a negative net margin of 3.70% and a negative return on equity of 0.70%. The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 EPS. On average, analysts anticipate that SunOpta, Inc. will post $0.02 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on STKL. BidaskClub cut shares of SunOpta from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. Zacks Investment Research cut shares of SunOpta from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Citigroup Inc. raised their target price on shares of SunOpta from $8.00 to $11.50 and gave the stock a “buy” rating in a report on Wednesday, May 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. SunOpta has a consensus rating of “Hold” and a consensus target price of $9.30.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in STKL. Janus Capital Management LLC increased its position in shares of SunOpta by 1.4% during the 1st quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock valued at $103,000 after purchasing an additional 211 shares during the last quarter. Atria Investments LLC bought a new position in shares of SunOpta during the 2nd quarter valued at approximately $104,000. South State Corp bought a new position in shares of SunOpta during the 2nd quarter valued at approximately $110,000. Cookson Peirce & Co. Inc. bought a new position in shares of SunOpta during the 2nd quarter valued at approximately $143,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of SunOpta during the 2nd quarter valued at approximately $153,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.
Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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