SunOpta, Inc. $STKL Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Key Points

• Barrow Hanley Mewhinney & Strauss LLC trimmed its SunOpta stake by 5.6%, selling 271,791 shares and now holds 4,587,996 shares (about 3.88%) valued at roughly $26.89 million.
• Analysts are split—two Buy, two Hold and one Sell—giving SunOpta a consensus rating of Hold and a consensus price target of $8.00.
• SunOpta shares opened at $6.46 (52‑week range $3.32–$6.94) with a market cap of $764.61 million, and institutional investors own about 85.39% of the stock.

Barrow Hanley Mewhinney & Strauss LLC trimmed its position in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 5.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,587,996 shares of the company's stock after selling 271,791 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 3.88% of SunOpta worth $26,886,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in shares of SunOpta in the third quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its holdings in SunOpta by 764.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,502 shares of the company's stock valued at $26,000 after acquiring an additional 3,981 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in SunOpta by 65.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company's stock valued at $54,000 after acquiring an additional 3,669 shares during the last quarter. State of Wyoming purchased a new position in SunOpta in the 3rd quarter worth approximately $61,000. Finally, Bank of Montreal Can purchased a new position in SunOpta in the 2nd quarter worth approximately $68,000. Hedge funds and other institutional investors own 85.39% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on STKL shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of SunOpta in a report on Monday, December 29th. DA Davidson reaffirmed a "buy" rating and issued a $8.00 target price on shares of SunOpta in a research note on Monday, February 9th. Finally, William Blair lowered SunOpta from a "strong-buy" rating to a "hold" rating in a report on Friday, February 6th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8.00.

SunOpta Price Performance

NASDAQ:STKL opened at $6.46 on Thursday. SunOpta, Inc. has a 52 week low of $3.32 and a 52 week high of $6.94. The stock's fifty day moving average is $5.38 and its two-hundred day moving average is $5.14. The company has a market capitalization of $764.61 million, a P/E ratio of 33.90 and a beta of 1.04. The company has a quick ratio of 0.61, a current ratio of 1.18 and a debt-to-equity ratio of 1.27.

About SunOpta

SunOpta Inc NASDAQ: STKL is a Canada-based company specializing in the sourcing, processing and packaging of organic and non-GMO plant-based foods and beverages. The company's product portfolio spans a wide range of offerings, including non-dairy beverages such as oat, almond, soy and coconut drinks, fruit and plant-based beverages, and ingredient solutions for food manufacturers and foodservice customers. SunOpta's integrated supply chain extends from ingredient sourcing and raw material preparation through to finished product formulation and packaging.

SunOpta operates through two primary business segments: Global Beverages and Global Ingredients.

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