PDT Partners LLC Acquires Shares of 113,819 SunOpta Inc. (NASDAQ:STKL)

PDT Partners LLC bought a new position in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 113,819 shares of the company’s stock, valued at approximately $726,000. PDT Partners LLC owned about 0.10% of SunOpta at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Verition Fund Management LLC bought a new stake in shares of SunOpta during the 3rd quarter worth $164,000. Rockefeller Capital Management L.P. lifted its holdings in shares of SunOpta by 16.6% in the third quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock worth $35,122,000 after acquiring an additional 782,338 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of SunOpta by 33.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 45,627 shares of the company’s stock valued at $291,000 after purchasing an additional 11,518 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of SunOpta by 250.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock valued at $4,848,000 after purchasing an additional 542,832 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in SunOpta during the 3rd quarter worth approximately $184,000. Institutional investors and hedge funds own 85.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. DA Davidson restated a “buy” rating and issued a $9.00 target price on shares of SunOpta in a research report on Thursday, October 10th. Stephens raised their price target on shares of SunOpta from $9.00 to $10.00 and gave the company an “overweight” rating in a research note 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.50.

SunOpta Stock Performance

Shares of STKL stock opened at $7.70 on Tuesday. The business’s 50 day simple moving average is $6.77 and its 200 day simple moving average is $6.07. 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 $4.62 and a one year high of $8.11. The stock has a market capitalization of $919.92 million, a PE ratio of -42.78 and a beta of 1.78.

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

Insider Transactions at SunOpta

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

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.