John Ruelle Sells 38,361 Shares of SunOpta, Inc. (STKL) Stock
SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) CAO John Ruelle sold 38,361 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $8.75, for a total value of $335,658.75. Following the transaction, the chief accounting officer now owns 38,361 shares of the company’s stock, valued at $335,658.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of SunOpta, Inc. (NASDAQ:STKL) remained flat at $8.95 during trading on Friday. 470,664 shares of the company’s stock traded hands. SunOpta, Inc. has a 1-year low of $5.73 and a 1-year high of $10.20. The company has a 50 day moving average price of $9.10 and a 200-day moving average price of $8.39. The firm’s market capitalization is $774.14 million.
SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings data on Wednesday, August 9th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates 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%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.05 earnings per share. On average, equities analysts anticipate that SunOpta, Inc. will post $0.02 earnings per share for the current fiscal year.
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STKL has been the subject of several analyst reports. Zacks Investment Research downgraded SunOpta from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Citigroup Inc. raised their price target on SunOpta from $8.00 to $11.50 and gave the company a “buy” rating in a report on Wednesday, May 31st. Finally, BidaskClub downgraded SunOpta from a “sell” rating to a “strong sell” rating in a report on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $9.30.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Atria Investments LLC purchased a new stake in shares of SunOpta during the 2nd quarter worth $104,000. South State Corp purchased a new stake in shares of SunOpta during the 2nd quarter worth $110,000. Cookson Peirce & Co. Inc. purchased a new stake in shares of SunOpta during the 2nd quarter worth $143,000. Janus Capital Management LLC lifted its stake in shares of SunOpta by 1.4% during the 1st quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock worth $103,000 after purchasing an additional 211 shares during the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of SunOpta during the 2nd quarter worth $153,000. Hedge funds and other institutional investors own 79.25% of the company’s stock.
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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