Skandinaviska Enskilda Banken AB publ Increases Stock Position in SunOpta, Inc. $STKL

Skandinaviska Enskilda Banken AB publ lifted its position in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 34.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 900,235 shares of the company’s stock after purchasing an additional 229,836 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.77% of SunOpta worth $5,221,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in STKL. Bank of Montreal Can purchased a new stake in SunOpta in the 2nd quarter valued at about $68,000. Prudential Financial Inc. bought a new position in shares of SunOpta in the second quarter valued at approximately $73,000. EP Wealth Advisors LLC increased its position in shares of SunOpta by 11.9% during the first quarter. EP Wealth Advisors LLC now owns 16,477 shares of the company’s stock valued at $80,000 after acquiring an additional 1,747 shares during the last quarter. State of Wyoming bought a new stake in SunOpta during the first quarter worth $81,000. Finally, Savvy Advisors Inc. purchased a new position in SunOpta in the second quarter worth $89,000. 85.39% of the stock is owned by institutional investors.

SunOpta Stock Performance

Shares of STKL stock opened at $3.77 on Monday. The firm’s 50 day moving average is $5.06 and its 200 day moving average is $5.75. The stock has a market capitalization of $455.25 million, a P/E ratio of -62.83 and a beta of 1.38. SunOpta, Inc. has a 12 month low of $3.32 and a 12 month high of $8.11. The company has a current ratio of 0.96, a quick ratio of 0.39 and a debt-to-equity ratio of 1.46.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.02. The business had revenue of $205.41 million during the quarter, compared to analyst estimates of $195.57 million. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. SunOpta has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that SunOpta, Inc. will post 0.13 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Zacks Research lowered SunOpta from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “sell (d)” rating on shares of SunOpta in a research report on Tuesday, November 25th. Finally, Mizuho decreased their price objective on shares of SunOpta from $10.00 to $8.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SunOpta presently has a consensus rating of “Hold” and an average target price of $9.00.

Insider Activity

In related news, CFO Greg Gaba acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average price of $3.39 per share, with a total value of $50,850.00. Following the acquisition, the chief financial officer owned 110,970 shares of the company’s stock, valued at approximately $376,188.30. This trade represents a 15.63% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

SunOpta 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.