SunOpta Inc. (NASDAQ:STKL – Get Rating) (TSE:SOY) insider David Largey sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $10.05, for a total value of $50,250.00. Following the completion of the transaction, the insider now owns 52,828 shares in the company, valued at approximately $530,921.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
SunOpta Price Performance
Shares of SunOpta stock traded up $0.03 during trading on Tuesday, hitting $10.17. The stock had a trading volume of 858,242 shares, compared to its average volume of 1,016,458. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -515.00 and a beta of 1.50. SunOpta Inc. has a 12 month low of $4.22 and a 12 month high of $11.47. The business’s 50-day moving average is $9.50 and its 200 day moving average is $7.38. The company has a current ratio of 2.18, a quick ratio of 0.70 and a debt-to-equity ratio of 0.87.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. State Street Corp increased its holdings in shares of SunOpta by 4.4% in the first quarter. State Street Corp now owns 36,947 shares of the company’s stock worth $185,000 after purchasing an additional 1,572 shares during the period. Ironwood Investment Management LLC grew its position in SunOpta by 1.5% in the first quarter. Ironwood Investment Management LLC now owns 152,455 shares of the company’s stock worth $765,000 after acquiring an additional 2,325 shares in the last quarter. PNC Financial Services Group Inc. grew its position in SunOpta by 81.7% in the first quarter. PNC Financial Services Group Inc. now owns 5,200 shares of the company’s stock worth $26,000 after acquiring an additional 2,338 shares in the last quarter. Cornerstone Capital Inc. grew its position in SunOpta by 23.7% in the fourth quarter. Cornerstone Capital Inc. now owns 13,580 shares of the company’s stock worth $94,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its position in SunOpta by 0.9% in the second quarter. Hodges Capital Management Inc. now owns 287,800 shares of the company’s stock worth $2,239,000 after acquiring an additional 2,654 shares in the last quarter. Institutional investors own 79.57% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of SunOpta from $12.00 to $14.00 in a report on Friday, August 12th. Cowen boosted their target price on shares of SunOpta to $15.00 in a report on Monday, August 15th. Craig Hallum boosted their target price on shares of SunOpta to $18.00 in a report on Monday, August 15th. Finally, StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a report on Wednesday, August 24th.
About SunOpta
SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.