Rockefeller Capital Management L.P. Trims Stake in SunOpta Inc. (NASDAQ:STKL)

Rockefeller Capital Management L.P. trimmed its stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,172,044 shares of the company’s stock after selling 1,332,793 shares during the period. Rockefeller Capital Management L.P.’s holdings in SunOpta were worth $32,123,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. D.A. Davidson & CO. bought a new position in shares of SunOpta during the 4th quarter valued at about $81,000. Mutual Advisors LLC purchased a new stake in SunOpta in the fourth quarter worth approximately $92,000. EP Wealth Advisors LLC bought a new position in SunOpta during the third quarter valued at approximately $79,000. Quantinno Capital Management LP raised its stake in shares of SunOpta by 33.1% during the third quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock worth $86,000 after acquiring an additional 3,360 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of SunOpta by 15.2% in the 4th quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company’s stock worth $112,000 after acquiring an additional 1,923 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on STKL shares. StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th. Stephens reiterated an “overweight” rating and issued a $10.00 price objective on shares of SunOpta in a report on Thursday, January 2nd.

SunOpta Stock Up 4.8 %

Shares of SunOpta stock opened at $3.92 on Monday. The stock has a market capitalization of $469.44 million, a price-to-earnings ratio of -21.78 and a beta of 1.83. SunOpta Inc. has a 52-week low of $3.65 and a 52-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. The company’s 50 day moving average price is $5.79 and its 200-day moving average price is $6.68.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The company had revenue of $193.91 million during the quarter, compared to analyst estimates of $189.90 million. Equities research analysts forecast that SunOpta Inc. will post 0.13 EPS for the current year.

Insider Activity

In related news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the sale, the senior vice president now owns 28,150 shares in the company, valued at $149,758. The trade was a 23.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 6.48% 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.