Cibc World Markets Corp Purchases 8,832 Shares of SunOpta Inc. (NASDAQ:STKL)

Cibc World Markets Corp increased its position in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 2.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 408,832 shares of the company’s stock after acquiring an additional 8,832 shares during the quarter. Cibc World Markets Corp owned about 0.34% of SunOpta worth $3,148,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in SunOpta by 250.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock valued at $4,848,000 after purchasing an additional 542,832 shares in the last quarter. PDT Partners LLC purchased a new stake in SunOpta in the third quarter valued at approximately $726,000. State Street Corp raised its stake in SunOpta by 18.9% in the third quarter. State Street Corp now owns 1,827,273 shares of the company’s stock valued at $11,658,000 after purchasing an additional 290,372 shares in the last quarter. Barclays PLC raised its stake in SunOpta by 103.3% in the third quarter. Barclays PLC now owns 178,954 shares of the company’s stock valued at $1,142,000 after purchasing an additional 90,937 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in SunOpta by 80.9% in the third quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock valued at $13,579,000 after purchasing an additional 951,462 shares in the last quarter. 85.39% of the stock is currently owned by institutional investors.

SunOpta Trading Down 0.4 %

STKL stock opened at $5.37 on Friday. The company has a market capitalization of $643.00 million, a PE ratio of -29.83 and a beta of 1.90. SunOpta Inc. has a one year low of $4.88 and a one year high of $8.11. The company’s 50 day moving average price is $6.83 and its two-hundred day moving average price is $6.92. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The firm had revenue of $193.91 million for the quarter, compared to the consensus estimate of $189.90 million. As a group, analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the transaction, the senior vice president now directly owns 28,150 shares of the company’s stock, valued at $149,758. The trade was a 23.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.48% of the stock is owned by insiders.

Analysts Set New Price Targets

STKL has been the topic of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and issued a $10.00 target price on shares of SunOpta in a research note on Thursday, January 2nd. StockNews.com raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th.

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.