Insider Selling: SunOpta Inc. (NASDAQ:STKL) Director Sells $99,616.36 in Stock

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) Director Rebecca Fisher sold 13,142 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $7.58, for a total transaction of $99,616.36. Following the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

SunOpta Price Performance

NASDAQ STKL opened at $7.82 on Friday. SunOpta Inc. has a twelve month low of $4.62 and a twelve month high of $7.88. The stock has a fifty day simple moving average of $6.62 and a 200 day simple moving average of $5.97. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued 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 for the quarter, compared to analysts’ expectations of $172.30 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. As a group, analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of SunOpta

A number of institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. bought a new position in shares of SunOpta during the 2nd quarter worth about $42,000. 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. Ballentine Partners LLC bought a new position in shares of SunOpta during the 2nd quarter worth about $60,000. MQS Management LLC bought a new position in shares of SunOpta during the 2nd quarter worth about $63,000. Finally, EP Wealth Advisors LLC bought a new position in shares of SunOpta during the 3rd quarter worth about $79,000. Institutional investors own 85.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on STKL shares. Stephens boosted their price objective on shares of SunOpta from $9.00 to $10.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. DA Davidson reiterated a “buy” rating and set a $9.00 price target on shares of SunOpta in a report on Thursday, October 10th. Finally, 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 issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.50.

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.