Rebecca Fisher Sells 13,142 Shares of SunOpta Inc. (NASDAQ:STKL) Stock

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) Director Rebecca Fisher sold 13,142 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total transaction of $99,616.36. Following the completion of the transaction, the director now directly owns 108,500 shares in the company, valued at approximately $822,430. The trade was a 10.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

SunOpta Stock Up 1.6 %

STKL opened at $7.82 on Friday. The company has a 50 day moving average of $6.62 and a 200 day moving average of $5.97. SunOpta Inc. has a 12 month low of $4.62 and a 12 month high of $7.88. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its earnings results on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. The company had revenue of $176.22 million for the quarter, compared to analysts’ expectations of $172.30 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. Equities analysts expect that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Analysts Set New Price Targets

STKL has been the subject of several analyst reports. Stephens increased their price objective on shares of SunOpta from $9.00 to $10.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. DA Davidson reiterated a “buy” rating and issued a $9.00 price objective on shares of SunOpta in a research note on Thursday, October 10th. Finally, StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

Hedge Funds Weigh In On SunOpta

A number of hedge funds have recently modified their holdings of the company. Barclays PLC raised its stake in shares of SunOpta by 103.3% during the third quarter. Barclays PLC now owns 178,954 shares of the company’s stock valued at $1,142,000 after acquiring an additional 90,937 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of SunOpta by 80.9% during the third quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock valued at $13,579,000 after acquiring an additional 951,462 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of SunOpta during the third quarter valued at about $180,000. Hodges Capital Management Inc. raised its stake in shares of SunOpta by 12.7% during the third quarter. Hodges Capital Management Inc. now owns 3,604,629 shares of the company’s stock valued at $22,998,000 after acquiring an additional 406,005 shares during the last quarter. Finally, XTX Topco Ltd raised its stake in shares of SunOpta by 23.2% during the third quarter. XTX Topco Ltd now owns 97,000 shares of the company’s stock valued at $619,000 after acquiring an additional 18,260 shares during the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

SunOpta Company Profile

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.