Nuveen LLC Makes New Investment in SunOpta, Inc. $STKL

Key Points

• Nuveen LLC has acquired a new stake in SunOpta, Inc., purchasing 315,492 shares valued at approximately $1.53 million, representing about 0.27% ownership as of the latest quarter.
• SunOpta's CEO, Brian W. Kocher, bought 10,000 shares at an average price of $5.72 per share, increasing his position in the company significantly.
• During the latest earnings report, SunOpta posted a revenue of $191.49 million, surpassing analyst expectations, alongside an EPS of $0.04 compared to predictions of $0.02.

Nuveen LLC acquired a new position in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 315,492 shares of the company's stock, valued at approximately $1,533,000. Nuveen LLC owned 0.27% of SunOpta as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in STKL. Quarry LP bought a new stake in SunOpta in the fourth quarter valued at $36,000. Bayesian Capital Management LP boosted its stake in shares of SunOpta by 15.2% in the 4th 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. EP Wealth Advisors LLC grew its holdings in shares of SunOpta by 18.7% in the 4th quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock worth $113,000 after purchasing an additional 2,316 shares during the last quarter. Algert Global LLC acquired a new stake in shares of SunOpta during the 4th quarter worth about $141,000. Finally, Corton Capital Inc. bought a new position in SunOpta during the 4th quarter valued at about $150,000. Institutional investors own 85.39% of the company's stock.

Insider Buying and Selling at SunOpta

In other news, CEO Brian W. Kocher bought 10,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was purchased at an average price of $5.72 per share, with a total value of $57,200.00. Following the completion of the purchase, the chief executive officer owned 10,000 shares of the company's stock, valued at approximately $57,200. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.90% of the stock is currently owned by company insiders.

SunOpta Price Performance

SunOpta stock traded up $0.04 on Wednesday, reaching $6.22. The company's stock had a trading volume of 224,779 shares, compared to its average volume of 857,648. SunOpta, Inc. has a twelve month low of $3.64 and a twelve month high of $8.11. The company has a market cap of $730.52 million, a price-to-earnings ratio of -103.58 and a beta of 1.35. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.39 and a current ratio of 0.96. The business's fifty day moving average price is $6.17 and its 200 day moving average price is $5.68.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its quarterly 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. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. The business had revenue of $191.49 million during the quarter, compared to analyst estimates of $185.36 million. Equities analysts expect that SunOpta, Inc. will post 0.13 earnings per share for the current fiscal year.

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.