SunOpta (NASDAQ:STKL) CFO Buys $50,850.00 in Stock

SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) CFO Greg Gaba bought 15,000 shares of SunOpta stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average price of $3.39 per share, with a total value of $50,850.00. Following the completion of the transaction, the chief financial officer owned 110,970 shares of the company’s stock, valued at $376,188.30. This represents a 15.63% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

SunOpta Stock Performance

NASDAQ:STKL opened at $3.77 on Friday. The stock has a market cap of $445.68 million, a P/E ratio of -62.83 and a beta of 1.38. The company has a quick ratio of 0.39, a current ratio of 0.96 and a debt-to-equity ratio of 1.46. The business’s 50-day moving average price is $5.06 and its two-hundred day moving average price is $5.76. SunOpta, Inc. has a twelve month low of $3.32 and a twelve month high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $205.41 million during the quarter, compared to analyst estimates of $195.57 million. SunOpta had a positive return on equity of 12.82% and a negative net margin of 0.66%. SunOpta has set its FY 2025 guidance at EPS. As a group, equities analysts predict that SunOpta, Inc. will post 0.13 EPS for the current fiscal year.

Institutional Trading of SunOpta

Several institutional investors have recently added to or reduced their stakes in STKL. Cooperman Leon G increased its holdings in shares of SunOpta by 2.5% in the third quarter. Cooperman Leon G now owns 6,667,109 shares of the company’s stock worth $39,069,000 after buying an additional 160,058 shares during the period. Granahan Investment Management LLC lifted its position in SunOpta by 20.3% in the first quarter. Granahan Investment Management LLC now owns 3,346,836 shares of the company’s stock valued at $16,266,000 after purchasing an additional 564,621 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of SunOpta by 4.4% during the second quarter. Geode Capital Management LLC now owns 2,330,166 shares of the company’s stock valued at $13,517,000 after purchasing an additional 98,077 shares during the period. Vanguard Group Inc. grew its holdings in shares of SunOpta by 0.8% in the third quarter. Vanguard Group Inc. now owns 2,267,321 shares of the company’s stock worth $13,286,000 after purchasing an additional 16,912 shares during the last quarter. Finally, Thornburg Investment Management Inc. increased its stake in shares of SunOpta by 12.4% in the third quarter. Thornburg Investment Management Inc. now owns 2,088,513 shares of the company’s stock worth $12,239,000 after buying an additional 230,226 shares during the period. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

STKL has been the topic of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of SunOpta in a research report on Tuesday. Zacks Research cut SunOpta from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Finally, Mizuho dropped their price target on SunOpta from $10.00 to $8.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SunOpta has an average rating of “Hold” and an average price target of $9.00.

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.