SunOpta Inc. (NASDAQ:STKL) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,143,323 shares of the company’s stock after buying an additional 15,433 shares during the period. Geode Capital Management LLC owned about 1.79% of SunOpta worth $16,508,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. acquired a new stake in shares of SunOpta during the 4th quarter valued at $81,000. Mutual Advisors LLC purchased a new stake in shares of SunOpta during the fourth quarter valued at $92,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of SunOpta during the fourth quarter valued at $116,000. Van ECK Associates Corp boosted its position in shares of SunOpta by 64.7% in the 4th quarter. Van ECK Associates Corp now owns 18,070 shares of the company’s stock valued at $139,000 after purchasing an additional 7,097 shares during the period. Finally, New York State Common Retirement Fund increased its stake in SunOpta by 65.1% in the 4th quarter. New York State Common Retirement Fund now owns 20,287 shares of the company’s stock worth $156,000 after purchasing an additional 8,000 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.

Insider Buying and Selling at SunOpta

In related news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $5.32, for a total transaction of $45,220.00. Following the completion of the sale, the senior vice president now owns 28,150 shares of the company’s stock, valued at approximately $149,758. This trade represents a 23.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.48% of the company’s stock.

SunOpta Stock Performance

Shares of STKL stock opened at $3.90 on Monday. The stock’s fifty day simple moving average is $5.45 and its 200-day simple moving average is $6.60. The company has a market capitalization of $467.04 million, a price-to-earnings ratio of -21.67 and a beta of 1.83. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. SunOpta Inc. has a 1-year low of $3.65 and a 1-year high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $193.91 million for the quarter, compared to analysts’ expectations of $189.90 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. On average, sell-side analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on STKL shares. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th. Stephens restated an “overweight” rating and issued a $10.00 price target on shares of SunOpta in a research report on Thursday, January 2nd.

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.