Allianz Asset Management GmbH Boosts Stock Holdings in SunOpta Inc. (NASDAQ:STKL)

Allianz Asset Management GmbH increased its stake in shares of SunOpta Inc. (NASDAQ:STKLFree Report) (TSE:SOY) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 740,621 shares of the company’s stock after purchasing an additional 33,730 shares during the period. Allianz Asset Management GmbH owned 0.63% of SunOpta worth $4,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STKL. PNC Financial Services Group Inc. increased its stake in SunOpta by 50.9% during the third quarter. PNC Financial Services Group Inc. now owns 10,189 shares of the company’s stock worth $34,000 after purchasing an additional 3,439 shares during the period. Evergreen Capital Management LLC acquired a new stake in shares of SunOpta in the 3rd quarter valued at $37,000. Regal Investment Advisors LLC purchased a new stake in shares of SunOpta during the 3rd quarter worth $42,000. NBC Securities Inc. acquired a new position in shares of SunOpta during the fourth quarter worth $65,000. Finally, Realta Investment Advisors purchased a new position in SunOpta in the fourth quarter valued at $66,000. Hedge funds and other institutional investors own 85.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on STKL shares. BMO Capital Markets upped their target price on SunOpta from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. DA Davidson boosted their price target on shares of SunOpta from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group lifted their price objective on SunOpta from $8.00 to $9.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Finally, StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, SunOpta presently has a consensus rating of “Moderate Buy” and an average price target of $9.40.

Check Out Our Latest Stock Analysis on STKL

Insider Buying and Selling at SunOpta

In other news, insider Joseph Ennen sold 150,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of $6.89, for a total transaction of $1,033,500.00. Following the completion of the transaction, the insider now directly owns 1,743,399 shares in the company, valued at approximately $12,012,019.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 6.48% of the stock is owned by insiders.

SunOpta Stock Performance

Shares of STKL stock opened at $5.78 on Friday. The company’s fifty day simple moving average is $6.00 and its 200-day simple moving average is $5.87. SunOpta Inc. has a 52 week low of $2.79 and a 52 week high of $7.59. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.22 and a quick ratio of 0.63.

SunOpta (NASDAQ:STKLGet Free Report) (TSE:SOY) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $182.80 million during the quarter, compared to the consensus estimate of $168.87 million. SunOpta had a negative net margin of 24.00% and a positive return on equity of 2.50%. SunOpta’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the company earned $0.05 earnings per share. On average, equities research analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current year.

SunOpta Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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