JPMorgan Chase & Co. Has $3.29 Million Stock Position in SunOpta Inc. (NASDAQ:STKL)

JPMorgan Chase & Co. raised its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 515,170 shares of the company’s stock after buying an additional 56,621 shares during the quarter. JPMorgan Chase & Co. owned 0.43% of SunOpta worth $3,287,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its position in shares of SunOpta by 16.6% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock valued at $35,122,000 after acquiring an additional 782,338 shares during the period. Barrow Hanley Mewhinney & Strauss LLC increased its stake in SunOpta by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,064,115 shares of the company’s stock valued at $27,346,000 after purchasing an additional 56,560 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in shares of SunOpta by 12.7% during the third quarter. Hodges Capital Management Inc. now owns 3,604,629 shares of the company’s stock valued at $22,998,000 after purchasing an additional 406,005 shares during the period. Geode Capital Management LLC boosted its position in shares of SunOpta by 80.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock worth $13,579,000 after purchasing an additional 951,462 shares in the last quarter. Finally, State Street Corp grew its stake in shares of SunOpta by 18.9% in the 3rd quarter. State Street Corp now owns 1,827,273 shares of the company’s stock valued at $11,658,000 after buying an additional 290,372 shares during the period. 85.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on STKL shares. Stephens reiterated an “overweight” rating and issued a $10.00 price target on shares of SunOpta in a report on Thursday, January 2nd. StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Finally, DA Davidson restated a “buy” rating and set a $9.00 price target on shares of SunOpta in a research note on Thursday, October 10th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.50.

SunOpta Stock Performance

Shares of SunOpta stock opened at $7.30 on Monday. SunOpta Inc. has a 52 week low of $4.88 and a 52 week high of $8.11. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. The business has a 50 day moving average price of $7.64 and a 200-day moving average price of $6.59. The company has a market cap of $872.64 million, a PE ratio of -40.55 and a beta of 1.80.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates 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%. Equities analysts anticipate that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

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.