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.

A number of hedge funds have recently modified their holdings of the business. Aperio Group LLC lifted its stake in SunOpta by 0.6% during the second quarter. Aperio Group LLC now owns 52,733 shares of the company’s stock worth $538,000 after purchasing an additional 313 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in SunOpta by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 152,458 shares of the company’s stock worth $1,326,000 after purchasing an additional 6,996 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in SunOpta by 34.3% during the third quarter. JPMorgan Chase & Co. now owns 30,537 shares of the company’s stock worth $258,000 after purchasing an additional 7,800 shares during the last quarter. Brant Point Investment Management LLC lifted its stake in SunOpta by 3.1% during the second quarter. Brant Point Investment Management LLC now owns 336,400 shares of the company’s stock worth $3,431,000 after purchasing an additional 10,000 shares during the last quarter. Finally, South State Corp bought a new stake in SunOpta during the second quarter worth about $110,000. 79.28% of the stock is owned by hedge funds and other institutional investors.

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.

TRADEMARK VIOLATION NOTICE: “Insider Buying: SunOpta, Inc. (STKL) Major Shareholder Purchases $4,834,050.00 in Stock” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another site, it was stolen and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2017/12/21/insider-buying-sunopta-inc-stkl-major-shareholder-purchases-4834050-00-in-stock.html.

About SunOpta

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.

Insider Buying and Selling by Quarter for SunOpta (NASDAQ:STKL)

Receive News & Ratings for SunOpta Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunOpta and related companies with MarketBeat.com's FREE daily email newsletter.