Brian W. Kocher Acquires 10,000 Shares of SunOpta Inc. (NASDAQ:STKL) Stock

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) CEO Brian W. Kocher purchased 10,000 shares of the business’s stock in a transaction on Tuesday, June 10th. The stock was purchased at an average cost of $5.72 per share, for a total transaction of $57,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $57,200. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

SunOpta Price Performance

Shares of STKL stock opened at $5.96 on Friday. SunOpta Inc. has a fifty-two week low of $3.65 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. The firm has a market capitalization of $700.55 million, a price-to-earnings ratio of -33.11 and a beta of 1.47. The stock’s 50-day simple moving average is $5.16 and its 200-day simple moving average is $6.26.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its earnings results on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The company had revenue of $201.63 million during the quarter, compared to analysts’ expectations of $195.09 million. As a group, equities analysts forecast that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised SunOpta from a “sell” rating to a “hold” rating in a research report on Tuesday, March 11th.

Institutional Investors Weigh In On SunOpta

Institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp raised its stake in SunOpta by 64.7% in the 4th quarter. Van ECK Associates Corp now owns 18,070 shares of the company’s stock worth $139,000 after acquiring an additional 7,097 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of SunOpta by 2.5% in the fourth quarter. Rhumbline Advisers now owns 140,310 shares of the company’s stock valued at $1,080,000 after purchasing an additional 3,402 shares during the period. D.A. Davidson & CO. purchased a new position in shares of SunOpta in the fourth quarter worth about $81,000. Fortis Group Advisors LLC lifted its holdings in shares of SunOpta by 224.1% during the fourth quarter. Fortis Group Advisors LLC now owns 47,404 shares of the company’s stock worth $365,000 after purchasing an additional 32,777 shares during the period. Finally, Peregrine Capital Management LLC lifted its holdings in shares of SunOpta by 1.8% during the fourth quarter. Peregrine Capital Management LLC now owns 829,718 shares of the company’s stock worth $6,389,000 after purchasing an additional 14,767 shares during the period. 85.39% of the stock is currently owned by institutional investors and hedge funds.

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.