SunOpta Inc. (NASDAQ:STKL) SVP Bryan P. Clark Sells 8,500 Shares

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $5.32, for a total transaction of $45,220.00. Following the sale, the senior vice president now owns 28,150 shares of the company’s stock, valued at approximately $149,758. This represents a 23.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SunOpta Stock Down 6.2 %

STKL traded down $0.35 during trading on Thursday, reaching $5.32. The company had a trading volume of 492,503 shares, compared to its average volume of 611,908. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. SunOpta Inc. has a 12 month low of $4.88 and a 12 month high of $8.11. The business’s fifty day moving average price is $7.03 and its 200 day moving average price is $6.94. The company has a market cap of $637.01 million, a P/E ratio of -29.55 and a beta of 1.90.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The firm had revenue of $193.91 million for the quarter, compared to analyst estimates of $189.90 million. Equities analysts anticipate that SunOpta Inc. will post 0.13 EPS for the current year.

Wall Street Analysts Forecast Growth

STKL has been the topic of several recent analyst reports. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday. Stephens reissued an “overweight” rating and set a $10.00 price objective on shares of SunOpta in a research note on Thursday, January 2nd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its position in shares of SunOpta by 250.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock worth $4,848,000 after purchasing an additional 542,832 shares in the last quarter. PDT Partners LLC bought a new stake in shares of SunOpta in the third quarter worth $726,000. State Street Corp lifted its position in shares of SunOpta by 18.9% in the third quarter. State Street Corp now owns 1,827,273 shares of the company’s stock worth $11,658,000 after purchasing an additional 290,372 shares in the last quarter. Barclays PLC lifted its position in shares of SunOpta by 103.3% in the third quarter. Barclays PLC now owns 178,954 shares of the company’s stock worth $1,142,000 after purchasing an additional 90,937 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of SunOpta by 80.9% in the third quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock worth $13,579,000 after purchasing an additional 951,462 shares in the last quarter. Institutional investors own 85.39% of the company’s stock.

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.