SunOpta, Inc. (STKL) Holdings Increased by Fmr LLC

Fmr LLC raised its position in SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 7.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,808,406 shares of the company’s stock after acquiring an additional 258,960 shares during the quarter. Fmr LLC owned approximately 4.43% of SunOpta worth $38,845,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Engaged Capital LLC lifted its stake in shares of SunOpta by 3.7% during the 1st quarter. Engaged Capital LLC now owns 6,756,907 shares of the company’s stock worth $46,961,000 after buying an additional 241,823 shares during the last quarter. Nicholas Investment Partners LP lifted its stake in shares of SunOpta by 162.7% during the 2nd quarter. Nicholas Investment Partners LP now owns 703,998 shares of the company’s stock worth $7,182,000 after buying an additional 436,049 shares during the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of SunOpta during the 2nd quarter worth about $6,028,000. Montag A & Associates Inc. lifted its stake in shares of SunOpta by 88.9% during the 2nd quarter. Montag A & Associates Inc. now owns 580,648 shares of the company’s stock worth $5,923,000 after buying an additional 273,277 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its stake in shares of SunOpta by 4.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 559,216 shares of the company’s stock worth $5,201,000 after buying an additional 24,393 shares during the last quarter. Institutional investors own 81.94% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/19/sunopta-inc-stkl-holdings-increased-by-fmr-llc.html.

A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of SunOpta from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub cut shares of SunOpta from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. SunOpta has an average rating of “Hold” and an average target price of $9.50.

In other SunOpta news, CAO John Ruelle sold 38,361 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $8.75, for a total transaction of $335,658.75. Following the sale, the chief accounting officer now directly owns 38,361 shares of the company’s stock, valued at $335,658.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey Gough acquired 5,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $8.70 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the insider now owns 20,000 shares of the company’s stock, valued at $174,000. The disclosure for this purchase can be found here. 1.88% of the stock is currently owned by insiders.

SunOpta, Inc. (STKL) opened at 9.35 on Thursday. The company’s 50-day moving average is $8.75 and its 200-day moving average is $8.76. SunOpta, Inc. has a 52-week low of $6.00 and a 52-week high of $10.20. The company’s market capitalization is $808.74 million.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.02). The company had revenue of $336.45 million during the quarter, compared to analysts’ expectations of $341.18 million. SunOpta had a negative

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Engaged Capital LLC lifted its stake in shares of SunOpta by 3.7% during the 1st quarter. Engaged Capital LLC now owns 6,756,907 shares of the company’s stock worth $46,961,000 after buying an additional 241,823 shares during the last quarter. Nicholas Investment Partners LP lifted its stake in shares of SunOpta by 162.7% during the 2nd quarter. Nicholas Investment Partners LP now owns 703,998 shares of the company’s stock worth $7,182,000 after buying an additional 436,049 shares during the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of SunOpta during the 2nd quarter worth about $6,028,000. Montag A & Associates Inc. lifted its stake in shares of SunOpta by 88.9% during the 2nd quarter. Montag A & Associates Inc. now owns 580,648 shares of the company’s stock worth $5,923,000 after buying an additional 273,277 shares during the last quarter. Finally, Pictet Asset Management Ltd. lifted its stake in shares of SunOpta by 4.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 559,216 shares of the company’s stock worth $5,201,000 after buying an additional 24,393 shares during the last quarter. Institutional investors own 81.94% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This report was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another site, it was copied illegally and republished in violation of United States and international copyright legislation. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/19/sunopta-inc-stkl-holdings-increased-by-fmr-llc.html.

A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of SunOpta from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. BidaskClub cut shares of SunOpta from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. SunOpta has an average rating of “Hold” and an average target price of $9.50.

In other SunOpta news, CAO John Ruelle sold 38,361 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $8.75, for a total transaction of $335,658.75. Following the sale, the chief accounting officer now directly owns 38,361 shares of the company’s stock, valued at $335,658.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jeffrey Gough acquired 5,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were acquired at an average cost of $8.70 per share, for a total transaction of $43,500.00. Following the completion of the acquisition, the insider now owns 20,000 shares of the company’s stock, valued at $174,000. The disclosure for this purchase can be found here. 1.88% of the stock is currently owned by insiders.

SunOpta, Inc. (STKL) opened at 9.35 on Thursday. The company’s 50-day moving average is $8.75 and its 200-day moving average is $8.76. SunOpta, Inc. has a 52-week low of $6.00 and a 52-week high of $10.20. The company’s market capitalization is $808.74 million.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Wednesday, August 9th. The company reported ($0.01) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.02). The company had revenue of $336.45 million during the quarter, compared to analysts’ expectations of $341.18 million. SunOpta had a negative return on equity of 0.70% and a negative net margin of 3.70%. SunOpta’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.05 earnings per share. On average, analysts expect that SunOpta, Inc. will post $0.02 earnings per share for the current fiscal year.

SunOpta Profile

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.

Institutional Ownership by Quarter for SunOpta (NASDAQ:STKL)

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