State of New Jersey Common Pension Fund D lessened its holdings in SunOpta Inc. (NASDAQ:STKL – Free Report) (TSE:SOY) by 32.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 149,306 shares of the company’s stock after selling 71,016 shares during the period. State of New Jersey Common Pension Fund D owned about 0.13% of SunOpta worth $1,150,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its stake in SunOpta by 11.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,321 shares of the company’s stock worth $103,000 after buying an additional 1,409 shares in the last quarter. State Street Corp increased its stake in SunOpta by 4.4% during the 1st quarter. State Street Corp now owns 36,947 shares of the company’s stock worth $185,000 after buying an additional 1,572 shares in the last quarter. Quantum Private Wealth LLC grew its position in shares of SunOpta by 4.8% in the first quarter. Quantum Private Wealth LLC now owns 35,132 shares of the company’s stock valued at $271,000 after purchasing an additional 1,618 shares in the last quarter. ProShare Advisors LLC grew its position in shares of SunOpta by 16.7% in the fourth quarter. ProShare Advisors LLC now owns 12,568 shares of the company’s stock valued at $106,000 after purchasing an additional 1,802 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of SunOpta by 12.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 17,271 shares of the company’s stock valued at $146,000 after purchasing an additional 1,961 shares in the last quarter.
SunOpta Trading Up 2.2 %
STKL opened at $6.40 on Monday. SunOpta Inc. has a one year low of $5.80 and a one year high of $11.67. The stock has a market capitalization of $755.20 million, a PE ratio of -63.99 and a beta of 1.44. The business’s 50 day moving average price is $6.83 and its 200 day moving average price is $7.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.60 and a current ratio of 1.75.
SunOpta (NASDAQ:STKL – Get Free Report) (TSE:SOY) last released its quarterly earnings data on Wednesday, May 10th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. SunOpta had a positive return on equity of 4.50% and a negative net margin of 0.93%. The firm had revenue of $223.88 million for the quarter, compared to analysts’ expectations of $235.40 million. As a group, equities research analysts expect that SunOpta Inc. will post 0.09 EPS for the current year.
Insiders Place Their Bets
In other news, CEO Joseph Ennen purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were bought at an average cost of $6.72 per share, for a total transaction of $100,800.00. Following the completion of the purchase, the chief executive officer now directly owns 1,887,401 shares of the company’s stock, valued at $12,683,334.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.82% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of research firms have recently issued reports on STKL. StockNews.com lowered SunOpta from a “hold” rating to a “sell” rating in a research report on Monday, July 3rd. Stephens began coverage on SunOpta in a research report on Thursday, June 22nd. They issued an “overweight” rating and a $10.00 price target for the company.
SunOpta Company Profile
SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products to retailers, foodservice operators, branded food companies, and food manufacturers in the United States, Canada, and internationally. The company operates through Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages segments.
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