SunOpta, Inc. $STKL Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH reduced its position in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 48.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,392 shares of the company’s stock after selling 119,296 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.10% of SunOpta worth $739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in SunOpta by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,001 shares of the company’s stock valued at $272,000 after purchasing an additional 2,424 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of SunOpta by 607.5% in the 1st quarter. Jane Street Group LLC now owns 281,976 shares of the company’s stock valued at $1,370,000 after buying an additional 242,121 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of SunOpta during the 2nd quarter valued at about $388,000. NorthRock Partners LLC acquired a new stake in SunOpta during the second quarter worth about $90,000. Finally, Peregrine Capital Management LLC lifted its holdings in SunOpta by 1.7% in the second quarter. Peregrine Capital Management LLC now owns 1,102,690 shares of the company’s stock worth $6,396,000 after acquiring an additional 18,172 shares during the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.

Analysts Set New Price Targets

STKL has been the subject of a number of recent research reports. DA Davidson restated a “buy” rating and set a $8.00 price objective on shares of SunOpta in a research note on Monday, February 9th. William Blair downgraded shares of SunOpta from a “strong-buy” rating to a “hold” rating in a report on Friday, February 6th. Mizuho dropped their price objective on shares of SunOpta from $10.00 to $8.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of SunOpta in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $8.00.

SunOpta Stock Up 0.2%

Shares of SunOpta stock opened at $6.44 on Friday. SunOpta, Inc. has a 12-month low of $3.32 and a 12-month high of $7.68. The firm has a market capitalization of $777.89 million, a PE ratio of 33.84 and a beta of 1.13. The company has a quick ratio of 0.37, a current ratio of 0.98 and a debt-to-equity ratio of 1.34. The stock’s fifty day moving average is $4.43 and its 200-day moving average is $5.10.

Insider Activity

In related news, CFO Greg Gaba bought 15,000 shares of the business’s stock in a transaction on Monday, November 24th. The shares were bought at an average cost of $3.39 per share, for a total transaction of $50,850.00. Following the completion of the acquisition, the chief financial officer directly owned 110,970 shares in the company, valued at approximately $376,188.30. This represents a 15.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.90% of the company’s stock.

SunOpta Profile

SunOpta Inc (NASDAQ: STKL) is a Canada-based company specializing in the sourcing, processing and packaging of organic and non-GMO plant-based foods and beverages. The company’s product portfolio spans a wide range of offerings, including non-dairy beverages such as oat, almond, soy and coconut drinks, fruit and plant-based beverages, and ingredient solutions for food manufacturers and foodservice customers. SunOpta’s integrated supply chain extends from ingredient sourcing and raw material preparation through to finished product formulation and packaging.

SunOpta operates through two primary business segments: Global Beverages and Global Ingredients.