Mirae Asset Global Investments Co. Ltd. Has $330,000 Holdings in SunOpta Inc. (NASDAQ:STKL)

Mirae Asset Global Investments Co. Ltd. boosted its position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 49.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,386 shares of the company’s stock after buying an additional 20,038 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.05% of SunOpta worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Realta Investment Advisors acquired a new position in SunOpta in the 4th quarter valued at $66,000. Epiq Partners LLC grew its position in SunOpta by 13.2% in the 4th quarter. Epiq Partners LLC now owns 291,705 shares of the company’s stock worth $1,596,000 after purchasing an additional 33,920 shares during the last quarter. Tealwood Asset Management Inc. acquired a new stake in SunOpta in the 4th quarter worth $68,000. GSA Capital Partners LLP grew its position in SunOpta by 100.4% in the 3rd quarter. GSA Capital Partners LLP now owns 215,026 shares of the company’s stock worth $725,000 after purchasing an additional 107,706 shares during the last quarter. Finally, Evergreen Capital Management LLC acquired a new stake in SunOpta in the 3rd quarter worth $37,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at SunOpta

In other news, CEO Brian W. Kocher purchased 36,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $6.75 per share, with a total value of $243,000.00. Following the acquisition, the chief executive officer now directly owns 36,000 shares of the company’s stock, valued at approximately $243,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Brian W. Kocher purchased 36,000 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was purchased at an average cost of $6.75 per share, with a total value of $243,000.00. Following the acquisition, the chief executive officer now directly owns 36,000 shares of the company’s stock, valued at approximately $243,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Joseph Ennen sold 150,000 shares of SunOpta stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $6.89, for a total transaction of $1,033,500.00. Following the transaction, the insider now directly owns 1,743,399 shares of the company’s stock, valued at $12,012,019.11. The disclosure for this sale can be found here. 6.48% of the stock is currently owned by insiders.

Analysts Set New Price Targets

STKL has been the topic of several research analyst reports. BMO Capital Markets raised their price target on shares of SunOpta from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, February 29th. Canaccord Genuity Group raised their price target on shares of SunOpta from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Thursday, February 29th. Finally, DA Davidson raised their price target on shares of SunOpta from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.40.

SunOpta Price Performance

Shares of SunOpta stock opened at $6.69 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.65 and a current ratio of 1.19. The firm’s 50-day simple moving average is $6.48 and its 200-day simple moving average is $5.54. SunOpta Inc. has a twelve month low of $2.79 and a twelve month high of $8.56. The firm has a market cap of $791.63 million, a P/E ratio of -4.37 and a beta of 1.73.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its earnings results on Wednesday, February 28th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. SunOpta had a negative net margin of 22.85% and a positive return on equity of 4.05%. The business had revenue of $181.62 million for the quarter, compared to analyst estimates of $165.10 million. As a group, research analysts expect that SunOpta Inc. will post 0.14 EPS for the current fiscal year.

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.