Insider Buying: SunOpta, Inc. (STKL) Major Shareholder Purchases $4,834,050.00 in Stock
SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) major shareholder Oaktree Huntington Investment acquired 644,540 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of $7.50 per share, with a total value of $4,834,050.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of SunOpta, Inc. (NASDAQ STKL) opened at $7.90 on Thursday. SunOpta, Inc. has a 52 week low of $6.00 and a 52 week high of $10.20. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.32 and a quick ratio of 0.45.
SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Wednesday, November 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.04). SunOpta had a negative return on equity of 2.98% and a negative net margin of 3.99%. The firm had revenue of $320.71 million for the quarter, compared to the consensus estimate of $335.68 million. During the same period last year, the firm earned $0.07 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. sell-side analysts predict that SunOpta, Inc. will post -0.09 earnings per share for the current fiscal year.
STKL has been the subject of several research analyst reports. Zacks Investment Research raised SunOpta from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Wednesday, October 11th. Citigroup dropped their price objective on SunOpta from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, November 20th. Finally, BidaskClub lowered SunOpta from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $8.88.
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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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