Cetera Investment Advisers Raises Stock Holdings in SunOpta Inc. (NASDAQ:STKL)

Cetera Investment Advisers boosted its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 276.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,832 shares of the company’s stock after purchasing an additional 59,384 shares during the period. Cetera Investment Advisers owned about 0.07% of SunOpta worth $622,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of STKL. Quarry LP purchased a new position in SunOpta in the fourth quarter valued at approximately $36,000. D.A. Davidson & CO. bought a new stake in shares of SunOpta in the fourth quarter valued at $81,000. Bayesian Capital Management LP grew its stake in shares of SunOpta by 15.2% during the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company’s stock worth $89,000 after acquiring an additional 1,523 shares during the period. Mutual Advisors LLC bought a new position in shares of SunOpta during the 4th quarter worth $92,000. Finally, Quadrant Capital Group LLC increased its holdings in SunOpta by 15.2% in the 4th quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company’s stock worth $112,000 after acquiring an additional 1,923 shares during the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th.

Insider Buying and Selling at SunOpta

In other news, SVP Bryan P. Clark sold 8,500 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the completion of the transaction, the senior vice president now directly owns 28,150 shares in the company, valued at $149,758. The trade was a 23.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.90% of the company’s stock.

SunOpta Stock Down 1.0%

STKL opened at $5.76 on Tuesday. SunOpta Inc. has a 12 month low of $3.65 and a 12 month high of $8.11. The company has a market cap of $677.04 million, a PE ratio of -32.00 and a beta of 1.50. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. The company has a 50 day moving average of $4.83 and a 200 day moving average of $6.40.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The company had revenue of $201.63 million during the quarter, compared to analysts’ expectations of $195.09 million. On average, sell-side analysts expect that SunOpta Inc. will post 0.13 EPS for the current year.

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.