Allianz Asset Management GmbH Makes New $1.42 Million Investment in SunOpta, Inc. $STKL

Allianz Asset Management GmbH bought a new position in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 245,688 shares of the company’s stock, valued at approximately $1,417,000. Allianz Asset Management GmbH owned 0.21% of SunOpta as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. EP Wealth Advisors LLC boosted its position in shares of SunOpta by 11.9% in the first quarter. EP Wealth Advisors LLC now owns 16,477 shares of the company’s stock valued at $80,000 after acquiring an additional 1,747 shares during the period. State of Wyoming bought a new position in shares of SunOpta in the first quarter valued at approximately $81,000. NorthRock Partners LLC bought a new position in shares of SunOpta in the second quarter valued at approximately $90,000. Ballentine Partners LLC bought a new position in shares of SunOpta in the second quarter valued at approximately $120,000. Finally, Quantbot Technologies LP bought a new position in shares of SunOpta in the first quarter valued at approximately $123,000. Institutional investors own 85.39% of the company’s stock.

SunOpta Trading Down 1.2%

STKL stock opened at $5.73 on Friday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.39 and a current ratio of 0.96. SunOpta, Inc. has a one year low of $3.64 and a one year high of $8.11. The company’s 50 day moving average price is $6.08 and its two-hundred day moving average price is $5.78. The company has a market capitalization of $691.84 million, a PE ratio of -95.50 and a beta of 1.40.

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

Analyst Ratings Changes

A number of research firms have recently commented on STKL. Weiss Ratings restated a “sell (e+)” rating on shares of SunOpta in a research report on Saturday. Zacks Research lowered shares of SunOpta from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $10.00.

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.