Mutual Advisors LLC Invests $92,000 in SunOpta Inc. (NASDAQ:STKL)

Mutual Advisors LLC purchased a new position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 12,375 shares of the company’s stock, valued at approximately $92,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of SunOpta by 250.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock worth $4,848,000 after acquiring an additional 542,832 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of SunOpta by 127.6% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,063,918 shares of the company’s stock worth $6,788,000 after acquiring an additional 596,403 shares during the period. PDT Partners LLC bought a new stake in shares of SunOpta during the 3rd quarter worth approximately $726,000. State Street Corp lifted its holdings in shares of SunOpta by 18.9% during the 3rd quarter. State Street Corp now owns 1,827,273 shares of the company’s stock worth $11,658,000 after acquiring an additional 290,372 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of SunOpta by 80.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock worth $13,579,000 after acquiring an additional 951,462 shares during the period. Institutional investors own 85.39% of the company’s stock.

Insider Buying and Selling at SunOpta

In other news, Director Rebecca Fisher sold 13,142 shares of the stock in a transaction on 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 sale, the director now directly owns 108,500 shares in the company, valued at $822,430. This represents a 10.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Duchscher sold 50,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $7.33, for a total transaction of $366,500.00. Following the sale, the insider now owns 42,971 shares of the company’s stock, valued at approximately $314,977.43. This trade represents a 53.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.48% of the company’s stock.

SunOpta Trading Up 1.3 %

Shares of NASDAQ STKL opened at $7.53 on Thursday. 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 Inc. has a 52-week low of $4.88 and a 52-week high of $8.11. The firm has a 50 day moving average price of $7.62 and a two-hundred day moving average price of $6.68. The stock has a market cap of $900.96 million, a P/E ratio of -41.83 and a beta of 1.80.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The firm had revenue of $176.22 million during the quarter, compared to analysts’ expectations of $172.30 million. As a group, equities analysts forecast that SunOpta Inc. will post 0.13 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on STKL shares. Stephens reiterated an “overweight” rating and set a $10.00 price objective on shares of SunOpta in a research report on Thursday, January 2nd. StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, DA Davidson reiterated a “buy” rating and set a $9.00 price objective on shares of SunOpta in a research report on Thursday, October 10th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

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.