SunOpta Inc. (NASDAQ:STKL)’s share price fell 2.7% on Thursday . The stock traded as low as $5.05 and last traded at $5.06, with a volume of 128,673 shares changing hands. The stock had previously closed at $5.20.

Several research firms recently weighed in on STKL. Zacks Investment Research upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Wednesday, May 4th. AltaCorp Capital restated an “outperform” rating on shares of SunOpta in a research report on Tuesday, June 21st. Canaccord Genuity restated a “buy” rating and set a $10.00 price target on shares of SunOpta in a research report on Wednesday, April 13th. Finally, DA Davidson upgraded shares of SunOpta from a “neutral” rating to a “buy” rating and set a $6.00 price target for the company in a research report on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $9.50.

The firm’s market cap is $432.68 million. The company’s 50-day moving average price is $4.67 and its 200 day moving average price is $5.03.

SunOpta (NASDAQ:STKL) last announced its quarterly earnings data on Tuesday, May 10th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.01. During the same period in the previous year, the business posted $0.08 EPS. The company earned $352.30 million during the quarter, compared to the consensus estimate of $351.60 million. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, equities analysts predict that SunOpta Inc. will post $0.24 EPS for the current fiscal year.

In related news, CEO Hendrik Jacobs acquired 7,000 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The stock was bought at an average cost of $3.85 per share, for a total transaction of $26,950.00. Following the purchase, the chief executive officer now owns 41,638 shares in the company, valued at approximately $160,306.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas Greene acquired 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 20th. The shares were bought at an average price of $3.77 per share, with a total value of $188,500.00. Following the completion of the purchase, the director now owns 265,543 shares in the company, valued at approximately $1,001,097.11. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors recently made changes to their positions in STKL. Morgan Stanley increased its position in shares of SunOpta by 123,646.6% in the fourth quarter. Morgan Stanley now owns 6,693,454 shares of the company’s stock worth $45,783,000 after buying an additional 6,688,045 shares during the period. Jennison Associates LLC increased its position in shares of SunOpta by 6.8% in the fourth quarter. Jennison Associates LLC now owns 4,234,596 shares of the company’s stock worth $28,965,000 after buying an additional 270,963 shares during the period. Baker Chad R bought a new position in shares of SunOpta during the fourth quarter worth about $2,977,000. Finally, Dimensional Fund Advisors LP increased its position in shares of SunOpta by 56.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 151,928 shares of the company’s stock worth $1,039,000 after buying an additional 54,539 shares during the period.

SunOpta Inc operates businesses focused on a healthy products portfolio. The Company operates through two segments: Global Ingredients and Consumer Products. Its 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 and seeds, fruits, grain- and cocoa-based ingredients, and other commodities.

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