SunOpta Inc. (STKL) Shares Down 3.3%
SunOpta Inc. (NASDAQ:STKL) traded down 3.3% during trading on Monday . The company traded as low as $6.46 and last traded at $6.47, with a volume of 227,035 shares changing hands. The stock had previously closed at $6.69.
A number of equities research analysts recently commented on the stock. AltaCorp Capital restated an “outperform” rating on shares of SunOpta in a research report on Tuesday, June 21st. Zacks Investment Research downgraded shares of SunOpta from a “hold” rating to a “sell” rating in a research report on Friday. DA Davidson raised their price objective on shares of SunOpta from $7.00 to $7.50 and gave the company a “buy” rating in a research report on Thursday. Finally, TheStreet upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.50.
The company’s market capitalization is $557.34 million. The stock’s 50 day moving average price is $5.24 and its 200-day moving average price is $4.96.
SunOpta (NASDAQ:STKL) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.02. The company had revenue of $348.10 million for the quarter, compared to analysts’ expectations of $361.55 million. The firm’s revenue was up 25.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.08 earnings per share. Analysts anticipate that SunOpta Inc. will post $0.21 earnings per share for the current year.
In related news, Director Douglas Greene acquired 50,000 shares of the stock in a transaction on Friday, May 20th. The stock was purchased at an average price of $3.77 per share, for a total transaction of $188,500.00. Following the transaction, the director now owns 265,543 shares of the company’s stock, valued at approximately $1,001,097.11. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Hendrik Jacobs acquired 7,000 shares of the stock in a transaction on Friday, May 20th. The stock was bought at an average price of $3.85 per share, with a total value of $26,950.00. Following the transaction, the chief executive officer now directly owns 41,638 shares in the company, valued at approximately $160,306.30. The disclosure for this purchase can be found here.
A number of large investors recently bought and sold shares of STKL. Dimensional Fund Advisors LP boosted its stake in SunOpta by 56.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 151,928 shares of the company’s stock valued at $1,039,000 after buying an additional 54,539 shares during the last quarter. Jennison Associates LLC boosted its stake in SunOpta by 6.8% in the fourth quarter. Jennison Associates LLC now owns 4,234,596 shares of the company’s stock valued at $28,965,000 after buying an additional 270,963 shares during the last quarter. Finally, Morgan Stanley boosted its stake in SunOpta by 123,646.6% in the fourth quarter. Morgan Stanley now owns 6,693,454 shares of the company’s stock valued at $45,783,000 after buying an additional 6,688,045 shares during the last quarter.
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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