SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) CEO Joseph Ennen bought 50,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of $4.19 per share, for a total transaction of $209,500.00. Following the completion of the purchase, the chief executive officer now owns 104,000 shares in the company, valued at $435,760. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Joseph Ennen also recently made the following trade(s):
- On Friday, May 10th, Joseph Ennen bought 50,000 shares of SunOpta stock. The shares were purchased at an average cost of $4.31 per share, for a total transaction of $215,500.00.
NASDAQ:STKL traded down $0.10 during trading hours on Thursday, hitting $4.31. 12,109 shares of the stock traded hands, compared to its average volume of 550,049. SunOpta, Inc. has a fifty-two week low of $2.21 and a fifty-two week high of $9.10. The company has a quick ratio of 0.38, a current ratio of 1.20 and a debt-to-equity ratio of 1.72. The company has a market cap of $376.44 million, a P/E ratio of -15.54 and a beta of 1.13.
SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.09). SunOpta had a negative net margin of 6.32% and a negative return on equity of 10.09%. The business had revenue of $305.28 million for the quarter, compared to the consensus estimate of $308.10 million. Equities research analysts anticipate that SunOpta, Inc. will post -0.3 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of SunOpta by 97.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,269,857 shares of the company’s stock worth $28,134,000 after acquiring an additional 3,578,928 shares during the last quarter. FMR LLC boosted its holdings in SunOpta by 5.4% in the first quarter. FMR LLC now owns 3,638,784 shares of the company’s stock worth $12,590,000 after purchasing an additional 186,718 shares in the last quarter. Morgan Stanley boosted its holdings in SunOpta by 4.8% in the first quarter. Morgan Stanley now owns 3,301,719 shares of the company’s stock worth $11,425,000 after purchasing an additional 150,113 shares in the last quarter. Thrivent Financial for Lutherans bought a new stake in SunOpta in the fourth quarter worth $11,646,000. Finally, Factory Mutual Insurance Co. boosted its holdings in SunOpta by 18.7% during the first quarter. Factory Mutual Insurance Co. now owns 2,576,700 shares of the company’s stock valued at $9,173,000 after acquiring an additional 405,300 shares during the period. 81.78% of the stock is currently owned by institutional investors and hedge funds.
STKL has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Saturday, January 26th. BidaskClub raised shares of SunOpta from a “strong sell” rating to a “sell” rating in a research note on Friday, March 1st. Finally, ValuEngine downgraded shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. SunOpta presently has an average rating of “Hold” and an average price target of $10.00.
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SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.
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