Bank of New York Mellon Corp Has $1.77 Million Holdings in SunOpta Inc. (NASDAQ:STKL)

Bank of New York Mellon Corp lessened its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 2.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 230,158 shares of the company’s stock after selling 4,974 shares during the quarter. Bank of New York Mellon Corp owned 0.19% of SunOpta worth $1,772,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Citizens Financial Group Inc. RI bought a new position in SunOpta in the 3rd quarter valued at $172,000. Intech Investment Management LLC acquired a new stake in shares of SunOpta during the third quarter worth $184,000. Charles Schwab Investment Management Inc. grew its stake in shares of SunOpta by 250.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock worth $4,848,000 after purchasing an additional 542,832 shares during the period. BNP Paribas Financial Markets grew its stake in SunOpta by 33.8% in the third quarter. BNP Paribas Financial Markets now owns 45,627 shares of the company’s stock valued at $291,000 after acquiring an additional 11,518 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in SunOpta by 16.6% in the third 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. Institutional investors own 85.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on STKL. StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a report on Tuesday, March 11th. Stephens reiterated an “overweight” rating and set a $10.00 target price on shares of SunOpta in a report on Thursday, January 2nd.

Insider Activity

In other news, SVP Bryan P. Clark sold 8,500 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $5.32, for a total value of $45,220.00. Following the transaction, the senior vice president now owns 28,150 shares of the company’s stock, valued at approximately $149,758. This represents a 23.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.48% of the stock is owned by company insiders.

SunOpta Price Performance

NASDAQ:STKL opened at $5.21 on Friday. 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 stock’s 50 day moving average price is $6.78 and its two-hundred day moving average price is $6.92. The firm has a market capitalization of $623.84 million, a price-to-earnings ratio of -28.94 and a beta of 1.90. SunOpta Inc. has a 12-month low of $4.88 and a 12-month high of $8.11.

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