SunOpta (NASDAQ:STKL) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of SunOpta (NASDAQ:STKLGet Rating) (TSE:SOY) from a sell rating to a hold rating in a report released on Monday morning.

Other analysts also recently issued reports about the stock. Canaccord Genuity Group raised their price objective on shares of SunOpta from $12.00 to $14.00 in a research report on Friday, August 12th. Cowen lifted their price target on shares of SunOpta to $15.00 in a report on Monday, August 15th. Finally, Craig Hallum lifted their price target on shares of SunOpta to $18.00 in a report on Monday, August 15th.

SunOpta Stock Up 2.1 %

Shares of STKL stock opened at $9.77 on Monday. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -97.70 and a beta of 1.52. SunOpta has a one year low of $4.22 and a one year high of $11.67. The company’s fifty day moving average price is $9.80 and its 200-day moving average price is $9.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.02 and a quick ratio of 0.69.

Insider Buying and Selling at SunOpta

In other SunOpta news, insider David Largey sold 5,000 shares of SunOpta stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $10.05, for a total value of $50,250.00. Following the sale, the insider now directly owns 42,828 shares in the company, valued at approximately $430,421.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Rebecca Fisher sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $10.12, for a total value of $101,200.00. Following the sale, the director now directly owns 60,425 shares in the company, valued at approximately $611,501. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider David Largey sold 5,000 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $10.05, for a total transaction of $50,250.00. Following the completion of the sale, the insider now owns 42,828 shares in the company, valued at $430,421.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 20,000 shares of company stock worth $201,700. Insiders own 4.68% of the company’s stock.

Institutional Trading of SunOpta

Large investors have recently made changes to their positions in the business. Landscape Capital Management L.L.C. bought a new stake in shares of SunOpta in the 2nd quarter worth about $118,000. Wealth Effects LLC boosted its stake in shares of SunOpta by 8.7% during the 2nd quarter. Wealth Effects LLC now owns 83,950 shares of the company’s stock worth $653,000 after purchasing an additional 6,750 shares during the period. Thornburg Investment Management Inc. boosted its stake in shares of SunOpta by 2.2% during the 2nd quarter. Thornburg Investment Management Inc. now owns 1,680,742 shares of the company’s stock worth $13,076,000 after purchasing an additional 36,841 shares during the period. Essex Investment Management Co. LLC boosted its stake in shares of SunOpta by 36.6% during the 2nd quarter. Essex Investment Management Co. LLC now owns 1,056,384 shares of the company’s stock worth $8,219,000 after purchasing an additional 283,163 shares during the period. Finally, Epiq Partners LLC boosted its stake in shares of SunOpta by 11.6% during the 2nd quarter. Epiq Partners LLC now owns 266,980 shares of the company’s stock worth $2,077,000 after purchasing an additional 27,785 shares during the period. 79.57% of the stock is currently owned by institutional investors.

SunOpta Company Profile

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SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.

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