Wells Fargo & Company MN Lowers Holdings in SunOpta, Inc. (STKL)

Wells Fargo & Company MN lessened its position in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 398,351 shares of the company’s stock after selling 67,213 shares during the period. Wells Fargo & Company MN owned approximately 0.46% of SunOpta worth $3,087,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Alyeska Investment Group L.P. grew its position in SunOpta by 21.0% during the third quarter. Alyeska Investment Group L.P. now owns 2,197,138 shares of the company’s stock valued at $19,115,000 after acquiring an additional 381,000 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its position in shares of SunOpta by 50.8% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 885,149 shares of the company’s stock worth $6,860,000 after buying an additional 298,335 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of SunOpta in the third quarter worth about $1,363,000. Bank of New York Mellon Corp boosted its position in shares of SunOpta by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 152,458 shares of the company’s stock worth $1,326,000 after buying an additional 6,996 shares during the period. Finally, Janus Henderson Group PLC boosted its position in shares of SunOpta by 39.1% in the third quarter. Janus Henderson Group PLC now owns 69,988 shares of the company’s stock worth $609,000 after buying an additional 19,691 shares during the period. 82.40% of the stock is owned by hedge funds and other institutional investors.

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Shares of NASDAQ STKL opened at $7.25 on Monday. SunOpta, Inc. has a 1-year low of $6.27 and a 1-year high of $10.20. The company has a quick ratio of 0.42, a current ratio of 1.29 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $629.34, a PE ratio of -51.79 and a beta of 1.32.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its earnings results on Tuesday, February 27th. The company reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.03). SunOpta had a negative return on equity of 3.73% and a negative net margin of 10.57%. The company had revenue of $292.40 million during the quarter, compared to analysts’ expectations of $291.04 million. During the same period in the previous year, the company earned ($0.08) EPS. SunOpta’s quarterly revenue was down 1.7% on a year-over-year basis. research analysts anticipate that SunOpta, Inc. will post -0.01 EPS for the current fiscal year.

In other SunOpta news, insider George Miketa purchased 25,500 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The shares were acquired at an average price of $7.25 per share, for a total transaction of $184,875.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard Dean Hollis purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was acquired at an average price of $7.02 per share, for a total transaction of $175,500.00. Following the purchase, the director now owns 102,391 shares of the company’s stock, valued at approximately $718,784.82. The disclosure for this purchase can be found here. Insiders bought 54,000 shares of company stock valued at $385,190 in the last ninety days. Company insiders own 1.88% of the company’s stock.

Several equities research analysts have recently weighed in on the company. BidaskClub downgraded SunOpta from a “hold” rating to a “sell” rating in a research report on Wednesday, April 4th. Zacks Investment Research raised SunOpta from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Finally, ValuEngine raised SunOpta from a “sell” rating to a “hold” rating in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. SunOpta currently has a consensus rating of “Hold” and a consensus price target of $9.17.

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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.

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Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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