UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 232,339 Shares of SunOpta Inc. (NASDAQ:STKL)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 72.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 87,002 shares of the company’s stock after selling 232,339 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.07% of SunOpta worth $555,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Hantz Financial Services Inc. bought a new stake in shares of SunOpta during the second quarter worth approximately $42,000. US Bancorp DE boosted its position in shares of SunOpta by 139.3% in the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company’s stock worth $52,000 after purchasing an additional 4,772 shares during the last quarter. Ballentine Partners LLC acquired a new stake in shares of SunOpta during the second quarter worth $60,000. MQS Management LLC acquired a new stake in shares of SunOpta during the second quarter worth $63,000. Finally, Tealwood Asset Management Inc. bought a new stake in SunOpta in the third quarter valued at about $80,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on STKL shares. DA Davidson restated a “buy” rating and set a $9.00 target price on shares of SunOpta in a research report on Thursday, October 10th. Stephens boosted their price objective on shares of SunOpta from $9.00 to $10.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.50.

SunOpta Stock Up 3.1 %

Shares of SunOpta stock opened at $7.73 on Friday. The company has a market capitalization of $923.51 million, a P/E ratio of -42.94 and a beta of 1.78. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The business has a 50-day moving average of $7.15 and a two-hundred day moving average of $6.29. SunOpta Inc. has a 1 year low of $4.88 and a 1 year high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $176.22 million during the quarter, compared to analyst estimates of $172.30 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. As a group, equities analysts predict that SunOpta Inc. will post 0.13 EPS for the current year.

Insider Transactions at SunOpta

In related news, Director Rebecca Fisher sold 13,142 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total value of $99,616.36. Following the completion of the transaction, the director now directly owns 108,500 shares of the company’s stock, valued at approximately $822,430. This represents a 10.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Duchscher sold 50,000 shares of SunOpta stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $7.33, for a total value of $366,500.00. Following the completion of the sale, the insider now directly owns 42,971 shares in the company, valued at $314,977.43. This represents a 53.78 % decrease in their position. The disclosure for this sale can be found here. 6.48% of the stock is owned by insiders.

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.