Patriot Financial Group Insurance Agency LLC Takes $116,000 Position in SunOpta Inc. (NASDAQ:STKL)

Patriot Financial Group Insurance Agency LLC purchased a new position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,000 shares of the company’s stock, valued at approximately $116,000.

Other large investors have also added to or reduced their stakes in the company. US Bancorp DE raised its holdings in SunOpta by 139.3% in the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company’s stock worth $52,000 after purchasing an additional 4,772 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in shares of SunOpta during the third quarter valued at about $79,000. Tealwood Asset Management Inc. bought a new position in SunOpta in the third quarter worth about $80,000. Paloma Partners Management Co bought a new position in SunOpta in the third quarter worth about $85,000. Finally, Quantinno Capital Management LP lifted its holdings in SunOpta by 33.1% in the third quarter. Quantinno Capital Management LP now owns 13,522 shares of the company’s stock worth $86,000 after buying an additional 3,360 shares during the period. Institutional investors own 85.39% of the company’s stock.

Insider Buying and Selling at SunOpta

In other SunOpta news, Director Rebecca Fisher sold 13,142 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total transaction of $99,616.36. Following the sale, the director now directly owns 108,500 shares in the company, valued at approximately $822,430. This trade represents a 10.80 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Robert Duchscher sold 50,000 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $7.33, for a total value of $366,500.00. Following the completion of 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 position. The disclosure for this sale can be found here. 6.48% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on STKL. Stephens reiterated an “overweight” rating and set a $10.00 target price on shares of SunOpta in a report on Thursday, January 2nd. DA Davidson reiterated a “buy” rating and issued a $9.00 price objective on shares of SunOpta in a report on Thursday, October 10th. Finally, StockNews.com upgraded 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

SunOpta Stock Performance

SunOpta stock opened at $7.53 on Thursday. SunOpta Inc. has a twelve month low of $4.88 and a twelve month high of $8.11. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. The company has a market capitalization of $900.96 million, a P/E ratio of -41.83 and a beta of 1.80. The stock’s 50 day moving average is $7.62 and its 200 day moving average is $6.68.

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

About SunOpta

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.