SunOpta Inc. (NASDAQ:STKL) Position Trimmed by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC trimmed its stake in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 4.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,832,764 shares of the company’s stock after selling 204,341 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC’s holdings in SunOpta were worth $37,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its position in SunOpta by 16.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock worth $35,122,000 after buying an additional 782,338 shares in the last quarter. Hodges Capital Management Inc. raised its holdings in shares of SunOpta by 1.2% during the fourth quarter. Hodges Capital Management Inc. now owns 3,646,861 shares of the company’s stock worth $28,081,000 after acquiring an additional 42,232 shares in the last quarter. Vanguard Group Inc. boosted its position in SunOpta by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 2,207,838 shares of the company’s stock valued at $17,002,000 after purchasing an additional 71,116 shares during the last quarter. Geode Capital Management LLC grew its stake in SunOpta by 80.9% in the third quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock valued at $13,579,000 after purchasing an additional 951,462 shares in the last quarter. Finally, State Street Corp increased its position in SunOpta by 18.9% in the 3rd quarter. State Street Corp now owns 1,827,273 shares of the company’s stock worth $11,658,000 after purchasing an additional 290,372 shares during the last quarter. 85.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on STKL shares. Stephens reissued an “overweight” rating and issued a $10.00 price target on shares of SunOpta in a research note on Thursday, January 2nd. StockNews.com upgraded shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th.

SunOpta Trading Down 3.4 %

Shares of STKL stock opened at $4.86 on Monday. SunOpta Inc. has a 12 month low of $4.83 and a 12 month high of $8.11. The company has a market cap of $582.01 million, a PE ratio of -27.00 and a beta of 1.90. 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 business’s 50 day moving average is $6.55 and its two-hundred day moving average is $6.90.

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

Insider Buying and Selling

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of SunOpta 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 directly owns 28,150 shares of the company’s stock, valued at $149,758. The trade was a 23.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 6.48% of the stock is owned by insiders.

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.