SunOpta Inc. (NASDAQ:STKL – Get Rating) (TSE:SOY) Director Rebecca Fisher sold 10,000 shares of the company's stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $10.12, for a total transaction of $101,200.00. Following the sale, the director now directly owns 60,425 shares of the company's stock, valued at $611,501. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Rebecca Fisher also recently made the following trade(s):
Get SunOpta alerts:- 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 transaction of $82,640.00.
SunOpta Price Performance
Shares of STKL opened at $10.27 on Tuesday. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -513.50 and a beta of 1.50. SunOpta Inc. has a fifty-two week low of $4.22 and a fifty-two week high of $11.47. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.18 and a quick ratio of 0.70. The business's 50-day moving average is $9.62 and its 200-day moving average is $7.55.
Hedge Funds Weigh In On SunOpta
A number of large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in SunOpta by 81.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,200 shares of the company's stock worth $26,000 after buying an additional 2,338 shares during the last quarter. Nisa Investment Advisors LLC acquired a new position in SunOpta in the second quarter worth approximately $29,000. Focused Wealth Management Inc increased its holdings in SunOpta by 496.5% in the second quarter. Focused Wealth Management Inc now owns 5,590 shares of the company's stock worth $43,000 after buying an additional 7,000 shares during the last quarter. Private Advisor Group LLC acquired a new position in SunOpta in the first quarter worth approximately $60,000. Finally, Van ECK Associates Corp acquired a new position in SunOpta in the second quarter worth approximately $67,000. Institutional investors and hedge funds own 79.57% of the company's stock.Wall Street Analysts Forecast Growth
A number of analysts have commented on STKL shares. Craig Hallum upped their price objective on shares of SunOpta to $18.00 in a research note on Monday, August 15th. Cowen upped their price objective on shares of SunOpta to $15.00 in a research note on Monday, August 15th. Canaccord Genuity Group upped their target price on SunOpta from $12.00 to $14.00 in a report on Friday, August 12th. Finally, StockNews.com upgraded SunOpta from a "sell" rating to a "hold" rating in a report on Wednesday, August 24th.
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.
Read More
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