SunOpta Inc. (NASDAQ:STKL) Shares Purchased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. raised its stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 39.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,172 shares of the company’s stock after acquiring an additional 5,136 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in SunOpta were worth $98,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Granahan Investment Management LLC increased its position in SunOpta by 1,291.2% during the 4th quarter. Granahan Investment Management LLC now owns 2,393,790 shares of the company’s stock worth $13,094,000 after purchasing an additional 2,221,718 shares in the last quarter. CastleKnight Management LP acquired a new stake in shares of SunOpta during the 4th quarter worth about $8,743,000. Blair William & Co. IL grew its holdings in shares of SunOpta by 77.0% during the first quarter. Blair William & Co. IL now owns 1,971,345 shares of the company’s stock worth $13,543,000 after buying an additional 857,603 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of SunOpta by 321.9% in the second quarter. Harbor Capital Advisors Inc. now owns 467,515 shares of the company’s stock valued at $2,525,000 after buying an additional 356,700 shares during the last quarter. Finally, Hodges Capital Management Inc. lifted its stake in shares of SunOpta by 11.2% during the second quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company’s stock valued at $17,273,000 after buying an additional 323,397 shares during the period. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

SunOpta Trading Up 3.7 %

NASDAQ STKL opened at $6.65 on Monday. The company has a market cap of $794.21 million, a P/E ratio of -4.38 and a beta of 1.82. SunOpta Inc. has a 12 month low of $2.79 and a 12 month high of $7.59. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.27 and a quick ratio of 0.61. The company has a 50-day moving average of $5.71 and a 200-day moving average of $5.94.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. SunOpta had a negative net margin of 23.23% and a positive return on equity of 6.51%. The firm had revenue of $171.00 million during the quarter, compared to analyst estimates of $159.95 million. During the same quarter in the prior year, the business posted ($0.03) earnings per share. SunOpta’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, equities analysts predict that SunOpta Inc. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

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.