Swiss National Bank Sells 6,400 Shares of SunOpta, Inc. $STKL

Swiss National Bank lowered its holdings in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 3.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,325 shares of the company’s stock after selling 6,400 shares during the period. Swiss National Bank owned about 0.16% of SunOpta worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Blair William & Co. IL grew its position in SunOpta by 1.3% in the first quarter. Blair William & Co. IL now owns 1,686,169 shares of the company’s stock valued at $8,195,000 after purchasing an additional 21,925 shares in the last quarter. XTX Topco Ltd lifted its stake in SunOpta by 3.3% in the first quarter. XTX Topco Ltd now owns 72,636 shares of the company’s stock valued at $353,000 after acquiring an additional 2,354 shares during the last quarter. Mackenzie Financial Corp lifted its stake in SunOpta by 20.6% in the first quarter. Mackenzie Financial Corp now owns 337,523 shares of the company’s stock valued at $1,637,000 after acquiring an additional 57,688 shares during the last quarter. Heartland Advisors Inc. lifted its stake in SunOpta by 40.0% in the first quarter. Heartland Advisors Inc. now owns 700,000 shares of the company’s stock valued at $3,402,000 after acquiring an additional 200,000 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ lifted its stake in SunOpta by 11.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 670,399 shares of the company’s stock valued at $3,258,000 after acquiring an additional 71,256 shares during the last quarter. Institutional investors own 85.39% of the company’s stock.

SunOpta Stock Performance

Shares of STKL stock opened at $6.32 on Wednesday. The stock has a market cap of $742.85 million, a P/E ratio of -105.33 and a beta of 1.32. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.96 and a quick ratio of 0.39. The company has a fifty day moving average price of $6.13 and a two-hundred day moving average price of $5.72. SunOpta, Inc. has a one year low of $3.64 and a one year high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $191.49 million during the quarter, compared to analysts’ expectations of $185.36 million. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. As a group, equities analysts predict that SunOpta, Inc. will post 0.13 EPS for the current year.

Insider Buying and Selling

In other news, CEO Brian W. Kocher purchased 10,000 shares of the business’s stock in a transaction on Tuesday, June 10th. The stock was purchased at an average price of $5.72 per share, for a total transaction of $57,200.00. Following the completion of the purchase, the chief executive officer directly owned 10,000 shares in the company, valued at $57,200. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

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.