Blair William & Co. IL Boosts Stock Holdings in SunOpta, Inc. $STKL

Blair William & Co. IL grew its position in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,741,932 shares of the company’s stock after acquiring an additional 55,763 shares during the period. Blair William & Co. IL owned about 1.48% of SunOpta worth $10,103,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of STKL. EP Wealth Advisors LLC boosted its holdings in SunOpta by 11.9% in the first quarter. EP Wealth Advisors LLC now owns 16,477 shares of the company’s stock valued at $80,000 after acquiring an additional 1,747 shares in the last quarter. State of Wyoming bought a new position in shares of SunOpta in the 1st quarter worth approximately $81,000. Ballentine Partners LLC bought a new position in shares of SunOpta in the 2nd quarter worth approximately $120,000. Quantbot Technologies LP purchased a new position in SunOpta during the first quarter valued at $123,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in SunOpta during the first quarter worth about $156,000. 85.39% of the stock is owned by institutional investors.

SunOpta Trading Down 1.9%

SunOpta stock opened at $5.65 on Friday. The business’s fifty day moving average is $6.13 and its 200 day moving average is $5.69. SunOpta, Inc. has a one year low of $3.64 and a one year high of $8.11. The stock has a market capitalization of $682.18 million, a PE ratio of -94.17 and a beta of 1.40. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.96 and a quick ratio of 0.39.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, August 6th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $191.49 million during the quarter, compared to analyst estimates of $185.36 million. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. On average, sell-side analysts predict that SunOpta, Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Zacks Research lowered shares of SunOpta from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “sell (e+)” rating on shares of SunOpta in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $10.00.

About SunOpta

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.