SunOpta Inc. (NASDAQ:STKL) SVP Bryan P. Clark Sells 8,500 Shares

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) SVP Bryan P. Clark sold 8,500 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the transaction, the senior vice president now owns 28,150 shares of the company’s stock, valued at $149,758. This represents a 23.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

SunOpta Trading Up 1.5 %

Shares of SunOpta stock opened at $5.40 on Friday. The firm has a 50-day simple moving average of $6.98 and a two-hundred day simple moving average of $6.94. The company has a market cap of $646.59 million, a P/E ratio of -30.00 and a beta of 1.90. SunOpta Inc. has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $193.91 million during the quarter, compared to the consensus estimate of $189.90 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. As a group, equities analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Stephens restated an “overweight” rating and set a $10.00 target price on shares of SunOpta in a research report on Thursday, January 2nd.

Institutional Trading of SunOpta

Institutional investors and hedge funds have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of SunOpta by 250.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock worth $4,848,000 after purchasing an additional 542,832 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of SunOpta during the third quarter worth about $726,000. State Street Corp increased its stake in shares of SunOpta by 18.9% during the third quarter. State Street Corp now owns 1,827,273 shares of the company’s stock worth $11,658,000 after purchasing an additional 290,372 shares in the last quarter. Barclays PLC increased 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 worth $1,142,000 after purchasing an additional 90,937 shares in the last quarter. Finally, Geode Capital Management LLC increased 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 worth $13,579,000 after purchasing an additional 951,462 shares in 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.