SunOpta Inc. (NASDAQ:STKL) CEO Purchases $57,200.00 in Stock

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) CEO Brian W. Kocher bought 10,000 shares of the business’s stock in a transaction on Tuesday, June 10th. The shares were acquired at an average cost of $5.72 per share, for a total transaction of $57,200.00. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $57,200. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

SunOpta Trading Up 3.2%

Shares of NASDAQ:STKL opened at $6.06 on Friday. The company has a market capitalization of $712.30 million, a PE ratio of -33.66 and a beta of 1.47. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. SunOpta Inc. has a 12-month low of $3.65 and a 12-month high of $8.11. The business’s fifty day simple moving average is $5.12 and its 200-day simple moving average is $6.27.

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

Institutional Trading of SunOpta

A number of institutional investors have recently modified their holdings of STKL. Granahan Investment Management LLC raised its stake in shares of SunOpta by 26.9% during the 4th quarter. Granahan Investment Management LLC now owns 2,782,215 shares of the company’s stock worth $21,423,000 after acquiring an additional 589,485 shares in the last quarter. Franklin Resources Inc. grew its holdings in SunOpta by 1,015.0% in the fourth quarter. Franklin Resources Inc. now owns 587,749 shares of the company’s stock worth $4,526,000 after purchasing an additional 535,034 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in SunOpta in the fourth quarter worth $4,027,000. Cooperman Leon G increased its position in shares of SunOpta by 9.1% during the first quarter. Cooperman Leon G now owns 6,097,331 shares of the company’s stock worth $29,633,000 after purchasing an additional 507,990 shares in the last quarter. Finally, Portolan Capital Management LLC lifted its holdings in shares of SunOpta by 32.8% during the 4th quarter. Portolan Capital Management LLC now owns 1,667,498 shares of the company’s stock valued at $12,840,000 after purchasing an additional 411,567 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th.

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.