SunOpta (NASDAQ:STKL) Trading Down 4.6% – What’s Next?

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) shares traded down 4.6% during mid-day trading on Monday . The company traded as low as $5.90 and last traded at $5.96. 255,391 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 760,103 shares. The stock had previously closed at $6.24.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th.

SunOpta Price Performance

The stock has a market capitalization of $718.18 million, a price-to-earnings ratio of -33.91 and a beta of 1.50. The stock has a fifty day moving average of $4.90 and a 200-day moving average of $6.36. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. The business had revenue of $201.63 million during the quarter, compared to the consensus estimate of $195.09 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. On average, equities research analysts predict that SunOpta Inc. will post 0.13 EPS for the current fiscal year.

Insider Activity

In other news, SVP Bryan P. Clark sold 8,500 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $5.32, for a total value of $45,220.00. Following the completion of the sale, the senior vice president now directly owns 28,150 shares of the company’s stock, valued at approximately $149,758. This represents a 23.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On SunOpta

Several large investors have recently modified their holdings of the company. Stifel Financial Corp purchased a new stake in shares of SunOpta during the fourth quarter worth approximately $326,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of SunOpta during the fourth quarter worth approximately $733,000. Raymond James Financial Inc. purchased a new stake in shares of SunOpta during the fourth quarter worth approximately $1,289,000. Cetera Investment Advisers raised its stake in shares of SunOpta by 276.9% during the fourth quarter. Cetera Investment Advisers now owns 80,832 shares of the company’s stock worth $622,000 after purchasing an additional 59,384 shares during the last quarter. Finally, Tectonic Advisors LLC raised its stake in shares of SunOpta by 17.8% during the fourth quarter. Tectonic Advisors LLC now owns 313,411 shares of the company’s stock worth $2,413,000 after purchasing an additional 47,407 shares during the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.

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.