SunOpta Inc. (STKL) Trading Down 3.3%
SunOpta Inc. (NASDAQ:STKL)’s share price fell 3.3% during mid-day trading on Monday . The company traded as low as $6.46 and last traded at $6.47, with a volume of 227,035 shares traded. The stock had previously closed at $6.69.
A number of brokerages have issued reports on STKL. TheStreet raised SunOpta from a “sell” rating to a “hold” rating in a report on Wednesday, August 3rd. Zacks Investment Research cut SunOpta from a “hold” rating to a “sell” rating in a report on Friday, August 12th. DA Davidson upped their target price on SunOpta from $7.00 to $7.50 and gave the stock a “buy” rating in a report on Thursday, August 11th. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of SunOpta in a report on Tuesday, June 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. SunOpta currently has an average rating of “Hold” and an average target price of $8.50.
The company’s market capitalization is $551.35 million. The firm’s 50 day moving average is $5.30 and its 200 day moving average is $4.97.
SunOpta (NASDAQ:STKL) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.02. The firm earned $348.10 million during the quarter, compared to analysts’ expectations of $361.55 million. During the same period in the prior year, the firm earned $0.08 earnings per share. SunOpta’s revenue for the quarter was up 25.4% on a year-over-year basis. Equities analysts expect that SunOpta Inc. will post $0.21 EPS for the current year.
In related news, CEO Hendrik Jacobs purchased 7,000 shares of the business’s stock in a transaction dated Friday, May 20th. The stock was purchased at an average cost of $3.85 per share, with a total value of $26,950.00. Following the completion of the acquisition, the chief executive officer now directly owns 41,638 shares of the company’s stock, valued at $160,306.30. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Douglas Greene purchased 50,000 shares of the business’s stock in a transaction dated Friday, May 20th. The stock was bought at an average cost of $3.77 per share, with a total value of $188,500.00. Following the completion of the acquisition, the director now directly owns 265,543 shares of the company’s stock, valued at $1,001,097.11. The disclosure for this purchase can be found here.
Several institutional investors recently bought and sold shares of STKL. Morgan Stanley raised its position in 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 last quarter. Jennison Associates LLC raised its position in 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 last quarter. Finally, Dimensional Fund Advisors LP raised its position in 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 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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