Deutsche Bank AG Sells 8,118 Shares of SunOpta, Inc. $STKL

Deutsche Bank AG lowered its holdings in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 9.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,589 shares of the company’s stock after selling 8,118 shares during the period. Deutsche Bank AG owned approximately 0.06% of SunOpta worth $367,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of STKL. Quarry LP purchased a new position in shares of SunOpta during the fourth quarter valued at approximately $36,000. Bayesian Capital Management LP increased its position in SunOpta by 15.2% during the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company’s stock valued at $89,000 after buying an additional 1,523 shares in the last quarter. EP Wealth Advisors LLC raised its stake in SunOpta by 18.7% during the fourth quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company’s stock valued at $113,000 after buying an additional 2,316 shares during the last quarter. Algert Global LLC purchased a new position in SunOpta during the fourth quarter valued at $141,000. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in SunOpta by 371.7% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 19,052 shares of the company’s stock worth $144,000 after acquiring an additional 15,013 shares in the last quarter. Hedge funds and other institutional investors own 85.39% of the company’s stock.

SunOpta Stock Performance

NASDAQ STKL opened at $6.34 on Friday. SunOpta, Inc. has a 12 month low of $3.64 and a 12 month high of $8.11. The company has a current ratio of 0.96, a quick ratio of 0.39 and a debt-to-equity ratio of 1.46. The stock’s fifty day moving average price is $6.15 and its 200-day moving average price is $5.72. The stock has a market cap of $745.20 million, a P/E ratio of -105.67 and a beta of 1.32.

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

Insider Transactions at SunOpta

In other news, CEO Brian W. Kocher bought 10,000 shares of the firm’s stock in a transaction on Tuesday, June 10th. The stock was acquired at an average cost of $5.72 per share, with a total value of $57,200.00. Following the completion of the acquisition, the chief executive officer owned 10,000 shares of the company’s stock, valued at approximately $57,200. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.90% of the company’s stock.

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.