D.A. Davidson & CO. Takes Position in SunOpta Inc. (NASDAQ:STKL)

D.A. Davidson & CO. bought a new stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,500 shares of the company’s stock, valued at approximately $81,000.

Several other large investors have also added to or reduced their stakes in STKL. Creative Planning boosted its stake in SunOpta by 9.3% during the third quarter. Creative Planning now owns 30,716 shares of the company’s stock worth $196,000 after acquiring an additional 2,617 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of SunOpta by 97.7% during the third quarter. Ballentine Partners LLC now owns 22,012 shares of the company’s stock valued at $140,000 after purchasing an additional 10,876 shares during the period. US Bancorp DE boosted its position in shares of SunOpta by 139.3% during 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 in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of SunOpta by 127.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,063,918 shares of the company’s stock valued at $6,788,000 after buying an additional 596,403 shares during the period. Finally, Hollencrest Capital Management increased its position in SunOpta by 1,600.0% in the 3rd quarter. Hollencrest Capital Management now owns 17,000 shares of the company’s stock valued at $108,000 after buying an additional 16,000 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on STKL shares. Stephens reissued an “overweight” rating and issued a $10.00 price target on shares of SunOpta in a research report on Thursday, January 2nd. StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, SunOpta has a consensus rating of “Moderate Buy” and an average target price of $9.50.

SunOpta Stock Down 14.5 %

STKL opened at $6.32 on Friday. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. SunOpta Inc. has a one year low of $4.88 and a one year high of $8.11. The firm has a market capitalization of $756.75 million, a P/E ratio of -35.11 and a beta of 1.79. The company has a fifty day moving average price of $7.43 and a 200-day moving average price of $6.96.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $193.91 million for the quarter, compared to analysts’ expectations of $189.90 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. Equities research analysts expect that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

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.