Northern Trust Corp Acquires 28,268 Shares of SunOpta Inc. (NASDAQ:STKL)

Northern Trust Corp increased its holdings in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 3.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 785,201 shares of the company’s stock after acquiring an additional 28,268 shares during the period. Northern Trust Corp owned about 0.66% of SunOpta worth $6,046,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of STKL. Ironwood Investment Management LLC boosted its position in SunOpta by 1.2% in the 4th quarter. Ironwood Investment Management LLC now owns 132,879 shares of the company’s stock valued at $1,023,000 after buying an additional 1,549 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of SunOpta by 15.2% in the 4th quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company’s stock valued at $112,000 after purchasing an additional 1,923 shares during the period. Rhumbline Advisers lifted its stake in shares of SunOpta by 2.5% in the 4th quarter. Rhumbline Advisers now owns 140,310 shares of the company’s stock valued at $1,080,000 after purchasing an additional 3,402 shares during the period. Quarry LP acquired a new position in shares of SunOpta in the 4th quarter valued at $36,000. Finally, Hollencrest Capital Management lifted its stake in shares of SunOpta by 29.4% in the 4th quarter. Hollencrest Capital Management now owns 22,000 shares of the company’s stock valued at $169,000 after purchasing an additional 5,000 shares during the period. 85.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th.

Insider Buying and Selling

In related news, SVP Bryan P. Clark sold 8,500 shares of the firm’s 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 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.90% of the stock is currently owned by company insiders.

SunOpta Stock Performance

STKL stock opened at $6.25 on Wednesday. The business’s fifty day moving average is $4.79 and its 200-day moving average is $6.44. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. The company has a market cap of $734.64 million, a P/E ratio of -34.72 and a beta of 1.50. SunOpta Inc. has a twelve month low of $3.65 and a twelve month high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $201.63 million for the quarter, compared to the consensus estimate of $195.09 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. Equities research analysts forecast that SunOpta Inc. will post 0.13 EPS for the current 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.