SunOpta Inc. (NASDAQ:STKL) Stake Raised by Millennium Management LLC

Millennium Management LLC grew its position in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 7.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,429,118 shares of the company's stock after acquiring an additional 96,282 shares during the quarter. Millennium Management LLC owned about 1.19% of SunOpta worth $11,005,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of STKL. Quarry LP acquired a new position in shares of SunOpta during the fourth quarter valued at $36,000. D.A. Davidson & CO. bought a new stake in shares of SunOpta during the fourth quarter valued at about $81,000. Bayesian Capital Management LP raised its stake in shares of SunOpta by 15.2% during the fourth quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock valued at $89,000 after purchasing an additional 1,523 shares in the last quarter. Mutual Advisors LLC bought a new stake in shares of SunOpta during the fourth quarter valued at about $92,000. Finally, Quadrant Capital Group LLC raised its stake in shares of SunOpta by 15.2% during the fourth quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock valued at $112,000 after purchasing an additional 1,923 shares in the last quarter. Institutional investors and hedge funds own 85.39% of the company's stock.

SunOpta Stock Performance

Shares of NASDAQ STKL traded up $0.03 during midday trading on Thursday, reaching $6.15. 171,122 shares of the company traded hands, compared to its average volume of 759,055. SunOpta Inc. has a 52 week low of $3.65 and a 52 week high of $8.11. The stock has a 50-day moving average price of $4.86 and a 200 day moving average price of $6.40. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. The company has a market cap of $722.30 million, a price-to-earnings ratio of -34.14 and a beta of 1.50.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The business had revenue of $201.63 million for the quarter, compared to analysts' expectations of $195.09 million. Sell-side analysts anticipate that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the sale, the senior vice president now directly owns 28,150 shares in the company, valued at approximately $149,758. The trade was a 23.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of SunOpta from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th.

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.