Stifel Financial Corp Makes New $326,000 Investment in SunOpta Inc. (NASDAQ:STKL)

Stifel Financial Corp bought a new position in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 42,359 shares of the company's stock, valued at approximately $326,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of STKL. Franklin Resources Inc. raised its holdings in shares of SunOpta by 1,015.0% in the fourth quarter. Franklin Resources Inc. now owns 587,749 shares of the company's stock valued at $4,526,000 after buying an additional 535,034 shares during the last quarter. Portolan Capital Management LLC grew its position in SunOpta by 32.8% during the fourth quarter. Portolan Capital Management LLC now owns 1,667,498 shares of the company's stock worth $12,840,000 after buying an additional 411,567 shares during the period. Alliancebernstein L.P. grew its position in shares of SunOpta by 187.9% in the fourth quarter. Alliancebernstein L.P. now owns 367,740 shares of the company's stock valued at $2,832,000 after purchasing an additional 240,000 shares during the last quarter. Royce & Associates LP grew its position in shares of SunOpta by 12.5% in the fourth quarter. Royce & Associates LP now owns 1,731,276 shares of the company's stock valued at $13,331,000 after purchasing an additional 192,780 shares during the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in SunOpta during the fourth quarter worth approximately $1,341,000. Institutional investors and hedge funds own 85.39% of the company's stock.

SunOpta Stock Down 2.0%

STKL stock opened at $6.31 on Wednesday. SunOpta Inc. has a 52 week low of $3.65 and a 52 week high of $8.11. The company has a market capitalization of $741.69 million, a price-to-earnings ratio of -35.05 and a beta of 1.50. The firm's 50-day moving average is $4.73 and its two-hundred day moving average is $6.44. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its quarterly earnings data 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 the consensus estimate of $195.09 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. On average, analysts forecast that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Transactions at SunOpta

In related news, SVP Bryan P. Clark sold 8,500 shares of the stock in a transaction that occurred on 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 $149,758. This trade represents a 23.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.90% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com raised shares of SunOpta from a "sell" rating to a "hold" rating in a research note on Tuesday, March 11th.

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.

Want to see what other hedge funds are holding STKL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.