SunOpta (STKL) Upgraded by BidaskClub to “Hold”

BidaskClub upgraded shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a sell rating to a hold rating in a report released on Saturday morning.

Several other analysts have also recently weighed in on the stock. ValuEngine upgraded shares of SunOpta from a sell rating to a hold rating in a research report on Monday, April 2nd. Zacks Investment Research cut shares of SunOpta from a hold rating to a sell rating in a research report on Tuesday, May 15th.

SunOpta opened at $7.75 on Friday, MarketBeat.com reports. The company has a current ratio of 1.27, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. SunOpta has a fifty-two week low of $6.27 and a fifty-two week high of $10.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, May 9th. The company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by ($0.01). The company had revenue of $312.65 million for the quarter, compared to analysts’ expectations of $309.40 million. SunOpta had a negative net margin of 10.16% and a negative return on equity of 5.23%. equities analysts expect that SunOpta will post -0.09 earnings per share for the current year.

In other SunOpta news, Director Richard Dean Hollis bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were bought at an average price of $7.02 per share, for a total transaction of $175,500.00. Following the transaction, the director now directly owns 102,391 shares in the company, valued at $718,784.82. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider George Miketa bought 25,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 15th. The stock was acquired at an average price of $7.25 per share, for a total transaction of $184,875.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 54,000 shares of company stock worth $385,190. Corporate insiders own 1.75% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Montag A & Associates Inc. raised its position in SunOpta by 1.3% in the 4th quarter. Montag A & Associates Inc. now owns 582,709 shares of the company’s stock worth $4,516,000 after purchasing an additional 7,605 shares during the period. JPMorgan Chase & Co. raised its position in SunOpta by 34.3% in the 3rd 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 period. Geode Capital Management LLC raised its position in SunOpta by 16.0% in the 4th quarter. Geode Capital Management LLC now owns 64,060 shares of the company’s stock worth $496,000 after purchasing an additional 8,819 shares during the period. Nicholas Investment Partners LP raised its position in SunOpta by 0.9% in the 4th quarter. Nicholas Investment Partners LP now owns 1,055,874 shares of the company’s stock worth $8,183,000 after purchasing an additional 9,457 shares during the period. Finally, Virtu Financial LLC purchased a new position in SunOpta in the 4th quarter worth $102,000. Institutional investors own 82.10% of the company’s stock.

SunOpta Company Profile

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, Mexico, and Ethiopia. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

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