State Board of Administration of Florida Retirement System Makes New Investment in SunOpta Inc. (NASDAQ:STKL)

State Board of Administration of Florida Retirement System acquired a new position in shares of SunOpta Inc. (NASDAQ:STKL – Get Rating) (TSE:SOY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,280 shares of the company’s stock, valued at approximately $112,000.

A number of other large investors also recently modified their holdings of the business. State Street Corp increased its holdings in shares of SunOpta by 4.4% during the first quarter. State Street Corp now owns 36,947 shares of the company’s stock worth $185,000 after purchasing an additional 1,572 shares during the period. Nisa Investment Advisors LLC boosted its position in SunOpta by 44.8% in the third quarter. Nisa Investment Advisors LLC now owns 5,429 shares of the company’s stock valued at $61,000 after buying an additional 1,679 shares in the last quarter. ProShare Advisors LLC boosted its position in SunOpta by 16.7% in the fourth quarter. ProShare Advisors LLC now owns 12,568 shares of the company’s stock valued at $106,000 after buying an additional 1,802 shares in the last quarter. Signaturefd LLC boosted its position in SunOpta by 89.2% in the third quarter. Signaturefd LLC now owns 3,914 shares of the company’s stock valued at $36,000 after buying an additional 1,845 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of SunOpta by 81.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,200 shares of the company’s stock worth $26,000 after purchasing an additional 2,338 shares during the period. 74.11% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STKL has been the subject of several research analyst reports. BMO Capital Markets decreased their price target on shares of SunOpta from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Friday, March 3rd. StockNews.com downgraded shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Friday, May 12th.

Insider Activity at SunOpta

In related news, SVP Mike Buick sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $7.80, for a total transaction of $54,600.00. Following the sale, the senior vice president now directly owns 146,519 shares in the company, valued at approximately $1,142,848.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.82% of the stock is currently owned by corporate insiders.

SunOpta Trading Up 2.2 %

Shares of STKL stock opened at $7.57 on Wednesday. SunOpta Inc. has a 52-week low of $6.57 and a 52-week high of $11.67. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.60 and a current ratio of 1.75. The company has a 50-day simple moving average of $7.90 and a two-hundred day simple moving average of $8.30. The company has a market capitalization of $892.62 million, a price-to-earnings ratio of -75.70 and a beta of 1.48.

SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) last released its earnings results on Wednesday, March 1st. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $221.29 million for the quarter, compared to analysts’ expectations of $220.60 million. SunOpta had a negative net margin of 0.93% and a positive return on equity of 4.50%. The company’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.01) earnings per share. Research analysts anticipate that SunOpta Inc. will post 0.07 EPS for the current fiscal year.

SunOpta Profile

(Get Rating)

SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.