Robert Duchscher Sells 50,000 Shares of SunOpta Inc. (NASDAQ:STKL) Stock

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) insider Robert Duchscher sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $7.33, for a total value of $366,500.00. Following the completion of the sale, the insider now owns 42,971 shares in the company, valued at approximately $314,977.43. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

SunOpta Stock Down 2.1 %

Shares of NASDAQ:STKL opened at $7.29 on Friday. The business has a fifty day moving average of $6.33 and a 200-day moving average of $5.89. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.61 and a current ratio of 1.20. SunOpta Inc. has a twelve month low of $3.85 and a twelve month high of $7.59.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The firm had revenue of $176.22 million during the quarter, compared to analysts’ expectations of $172.30 million. Analysts forecast that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of SunOpta by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,064,115 shares of the company’s stock valued at $27,346,000 after buying an additional 56,560 shares during the period. Hodges Capital Management Inc. raised its holdings in SunOpta by 11.2% during the 2nd quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company’s stock worth $17,273,000 after purchasing an additional 323,397 shares during the last quarter. Blair William & Co. IL lifted its position in SunOpta by 77.0% during the 1st quarter. Blair William & Co. IL now owns 1,971,345 shares of the company’s stock valued at $13,543,000 after purchasing an additional 857,603 shares during the period. Royce & Associates LP boosted its stake in shares of SunOpta by 9.3% in the 3rd quarter. Royce & Associates LP now owns 1,538,496 shares of the company’s stock valued at $9,816,000 after purchasing an additional 130,470 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of SunOpta by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 1,396,724 shares of the company’s stock worth $7,542,000 after buying an additional 751,126 shares during the period. Institutional investors and hedge funds own 85.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stephens upped their price target on SunOpta from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday. DA Davidson reiterated a “buy” rating and set a $9.00 target price on shares of SunOpta in a research report on Thursday, October 10th. Finally, StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.50.

About SunOpta

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.