SunOpta Inc. (NASDAQ:STKL – Get Rating) (TSE:SOY) Director Rebecca Fisher sold 10,000 shares of the business's stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $10.12, for a total value of $101,200.00. Following the completion of the sale, the director now directly owns 60,425 shares of the company's stock, valued at approximately $611,501. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Rebecca Fisher also recently made the following trade(s):
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- On Monday, August 22nd, Rebecca Fisher sold 8,000 shares of SunOpta stock. The shares were sold at an average price of $10.33, for a total value of $82,640.00.
SunOpta Stock Up 5.8 %
NASDAQ STKL traded up $0.56 on Monday, hitting $10.18. The stock had a trading volume of 27,990 shares, compared to its average volume of 1,008,539. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -514.00 and a beta of 1.50. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.18 and a quick ratio of 0.70. SunOpta Inc. has a 52-week low of $4.22 and a 52-week high of $11.47. The business's fifty day moving average price is $9.59 and its 200 day moving average price is $7.52.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Driehaus Capital Management LLC acquired a new position in shares of SunOpta during the 2nd quarter worth about $14,936,000. Kennedy Capital Management Inc. grew its stake in SunOpta by 235.9% during the 4th quarter. Kennedy Capital Management Inc. now owns 2,660,691 shares of the company's stock valued at $18,492,000 after acquiring an additional 1,868,637 shares in the last quarter. Royal Bank of Canada grew its stake in SunOpta by 5,847.3% during the 1st quarter. Royal Bank of Canada now owns 1,365,254 shares of the company's stock valued at $6,853,000 after acquiring an additional 1,342,298 shares in the last quarter. Woodline Partners LP grew its stake in SunOpta by 106.9% during the 2nd quarter. Woodline Partners LP now owns 2,483,082 shares of the company's stock valued at $19,318,000 after acquiring an additional 1,283,001 shares in the last quarter. Finally, State Street Corp grew its stake in SunOpta by 3,256.3% during the 2nd quarter. State Street Corp now owns 1,240,051 shares of the company's stock valued at $9,648,000 after acquiring an additional 1,203,104 shares in the last quarter. 79.57% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. StockNews.com upgraded SunOpta from a "sell" rating to a "hold" rating in a report on Wednesday, August 24th. Canaccord Genuity Group raised their price target on SunOpta from $12.00 to $14.00 in a report on Friday, August 12th. Craig Hallum lifted their price target on SunOpta to $18.00 in a research report on Monday, August 15th. Finally, Cowen raised their price objective on shares of SunOpta to $15.00 in a research note on Monday, August 15th.
About SunOpta
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SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.
Further Reading
- Get a free copy of the StockNews.com research report on SunOpta (STKL)
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