Jeffrey Gough Acquires 5,000 Shares of SunOpta, Inc. (NASDAQ:STKL) Stock
SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) insider Jeffrey Gough purchased 5,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $8.70 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the insider now directly owns 20,000 shares of the company’s stock, valued at approximately $174,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Jeffrey Gough also recently made the following trade(s):
- On Tuesday, May 16th, Jeffrey Gough purchased 15,000 shares of SunOpta stock. The shares were purchased at an average cost of $8.49 per share, for a total transaction of $127,350.00.
SunOpta, Inc. (STKL) traded up 1.913% during trading on Monday, reaching $9.325. 233,073 shares of the company’s stock traded hands. The stock’s market cap is $803.93 million. SunOpta, Inc. has a one year low of $5.73 and a one year high of $10.20. The firm’s 50 day moving average price is $9.65 and its 200-day moving average price is $8.18.
SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its earnings results on Wednesday, August 9th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by $0.02. The company had revenue of $336.45 million for the quarter, compared to analysts’ expectations of $341.18 million. SunOpta had a negative return on equity of 0.70% and a negative net margin of 3.70%. SunOpta’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.05 earnings per share. On average, equities analysts anticipate that SunOpta, Inc. will post $0.04 earnings per share for the current fiscal year.
Several large investors have recently modified their holdings of STKL. FMR LLC raised its stake in shares of SunOpta by 85.1% in the first quarter. FMR LLC now owns 3,549,446 shares of the company’s stock valued at $24,669,000 after buying an additional 1,631,721 shares during the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new stake in SunOpta during the second quarter valued at approximately $6,028,000. Pictet Asset Management Ltd. acquired a new stake in SunOpta during the first quarter valued at approximately $3,717,000. Blair William & Co. IL acquired a new stake in SunOpta during the second quarter valued at approximately $4,565,000. Finally, Nicholas Investment Partners LP raised its stake in SunOpta by 162.7% in the second quarter. Nicholas Investment Partners LP now owns 703,998 shares of the company’s stock valued at $7,182,000 after buying an additional 436,049 shares in the last quarter. Institutional investors own 87.21% of the company’s stock.
STKL has been the topic of a number of recent analyst reports. Citigroup Inc. increased their price target on shares of SunOpta from $8.00 to $11.50 and gave the stock a “buy” rating in a report on Wednesday, May 31st. BMO Capital Markets reissued a “buy” rating and set a $8.50 price target on shares of SunOpta in a report on Wednesday, April 26th. Zacks Investment Research raised shares of SunOpta from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Saturday, July 22nd. Finally, BidaskClub downgraded shares of SunOpta from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $9.30.
SunOpta Company Profile
Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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