27,000 Shares in SunOpta Inc. (NASDAQ:STKL) Bought by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI purchased a new position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,000 shares of the company’s stock, valued at approximately $172,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new stake in shares of SunOpta in the 2nd quarter valued at approximately $42,000. US Bancorp DE lifted its position in shares of SunOpta by 139.3% during the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company’s stock worth $52,000 after buying an additional 4,772 shares during the period. Ballentine Partners LLC acquired a new stake in SunOpta in the 2nd quarter valued at $60,000. MQS Management LLC bought a new stake in SunOpta in the second quarter valued at $63,000. Finally, Tealwood Asset Management Inc. acquired a new position in SunOpta during the third quarter worth $80,000. Institutional investors own 85.39% of the company’s stock.

SunOpta Stock Performance

Shares of NASDAQ:STKL opened at $7.82 on Monday. The business has a fifty day moving average of $6.64 and a 200-day moving average of $5.99. 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 twelve month low of $4.62 and a twelve month high of $7.88. The firm has a market cap of $934.26 million, a PE ratio of -43.44 and a beta of 1.83.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share 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. On average, equities research analysts predict that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Insider Activity at SunOpta

In other news, insider Robert Duchscher sold 50,000 shares of the company’s 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 transaction, the insider now owns 42,971 shares of the company’s stock, valued at $314,977.43. This represents a 53.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $99,616.36. Following the completion of the transaction, the director now owns 108,500 shares in the company, valued at approximately $822,430. This represents a 10.80 % decrease in their position. The disclosure for this sale can be found here. 6.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

STKL has been the topic of several recent analyst reports. DA Davidson restated a “buy” rating and issued a $9.00 target price on shares of SunOpta in a research note on Thursday, October 10th. Stephens boosted their price target on shares of SunOpta from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price 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.