SunOpta, Inc. (NASDAQ:STKL) Shares Bought by Heartland Advisors Inc.

Key Points

• Heartland Advisors Inc. increased its stake in SunOpta, Inc. by 40%, now owning 700,000 shares valued at approximately $3.4 million.
• SunOpta reported a quarterly earnings of $0.04 per share, exceeding analyst expectations, with a revenue of $201.63 million for the same period.
• CEO Brian W. Kocher bought 10,000 shares of the company's stock, indicating confidence in its future performance.

Heartland Advisors Inc. increased its stake in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 40.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 700,000 shares of the company's stock after purchasing an additional 200,000 shares during the quarter. Heartland Advisors Inc. owned approximately 0.58% of SunOpta worth $3,402,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in STKL. Granahan Investment Management LLC lifted its stake in shares of SunOpta by 26.9% during the 4th quarter. Granahan Investment Management LLC now owns 2,782,215 shares of the company's stock worth $21,423,000 after purchasing an additional 589,485 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of SunOpta by 1,015.0% during the 4th quarter. Franklin Resources Inc. now owns 587,749 shares of the company's stock worth $4,526,000 after purchasing an additional 535,034 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of SunOpta during the 4th quarter worth $4,027,000. Portolan Capital Management LLC lifted its stake in shares of SunOpta by 32.8% during the 4th quarter. Portolan Capital Management LLC now owns 1,667,498 shares of the company's stock worth $12,840,000 after purchasing an additional 411,567 shares during the last quarter. Finally, Woodline Partners LP lifted its stake in shares of SunOpta by 26.2% during the 4th quarter. Woodline Partners LP now owns 1,541,019 shares of the company's stock worth $11,866,000 after purchasing an additional 320,284 shares during the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

SunOpta Stock Down 3.6%

NASDAQ:STKL traded down $0.24 during mid-day trading on Monday, hitting $6.40. 684,538 shares of the company's stock traded hands, compared to its average volume of 857,040. The company has a fifty day moving average of $6.08 and a 200 day moving average of $5.91. SunOpta, Inc. has a twelve month low of $3.64 and a twelve month high of $8.11. The company has a market capitalization of $752.26 million, a P/E ratio of -49.23 and a beta of 1.43. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.43 and a current ratio of 0.95.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its earnings results on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.02. The firm had revenue of $201.63 million for the quarter, compared to analyst estimates of $195.09 million. SunOpta had a positive return on equity of 11.65% and a negative net margin of 1.90%. On average, analysts forecast that SunOpta, Inc. will post 0.13 EPS for the current year.

Insider Buying and Selling

In related news, CEO Brian W. Kocher bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, June 10th. The shares were purchased at an average cost of $5.72 per share, with a total value of $57,200.00. Following the completion of the acquisition, the chief executive officer directly owned 10,000 shares in the company, valued at approximately $57,200. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.

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.