SunOpta, Inc. $STKL Shares Sold by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH lessened its position in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 34.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 360,000 shares of the company’s stock after selling 193,000 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in SunOpta were worth $2,088,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Bank of Montreal Can acquired a new stake in SunOpta during the second quarter worth $68,000. EP Wealth Advisors LLC increased its position in shares of SunOpta by 11.9% during the 1st quarter. EP Wealth Advisors LLC now owns 16,477 shares of the company’s stock worth $80,000 after purchasing an additional 1,747 shares during the last quarter. State of Wyoming purchased a new stake in SunOpta in the 1st quarter valued at about $81,000. Savvy Advisors Inc. purchased a new stake in SunOpta in the 2nd quarter valued at about $89,000. Finally, NorthRock Partners LLC acquired a new position in SunOpta in the second quarter valued at about $90,000. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

SunOpta Trading Down 3.2%

NASDAQ STKL opened at $3.35 on Tuesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.39 and a current ratio of 0.96. The firm has a market cap of $396.03 million, a price-to-earnings ratio of -55.83 and a beta of 1.38. The firm has a 50 day simple moving average of $5.28 and a 200-day simple moving average of $5.83. SunOpta, Inc. has a one year low of $3.32 and a one year high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.03 by $0.02. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. The company had revenue of $205.41 million during the quarter, compared to analysts’ expectations of $195.57 million. SunOpta has set its FY 2025 guidance at EPS. Equities research analysts anticipate that SunOpta, Inc. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on STKL shares. Weiss Ratings reiterated a “sell (d)” rating on shares of SunOpta in a research report on Wednesday, November 19th. Mizuho lowered their price objective on shares of SunOpta from $10.00 to $8.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, Zacks Research lowered SunOpta from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SunOpta currently has a consensus rating of “Hold” and an average price target of $9.00.

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.