Brian W. Kocher Acquires 10,000 Shares of SunOpta Inc. (NASDAQ:STKL) Stock

SunOpta Inc. (NASDAQ:STKL - Get Free Report) TSE: SOY CEO Brian W. Kocher bought 10,000 shares of the stock in a transaction dated Tuesday, June 10th. The stock was bought at an average price of $5.72 per share, with a total value of $57,200.00. Following the acquisition, the chief executive officer now owns 10,000 shares in the company, valued at approximately $57,200. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

SunOpta Stock Performance

NASDAQ:STKL traded down $0.04 during trading hours on Friday, reaching $6.03. 738,662 shares of the company's stock were exchanged, compared to its average volume of 783,601. SunOpta Inc. has a 1-year low of $3.65 and a 1-year high of $8.11. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $708.19 million, a price-to-earnings ratio of -33.43 and a beta of 1.47. The company has a 50-day moving average of $5.12 and a 200 day moving average of $6.27.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its earnings results on Wednesday, May 7th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $195.09 million. Research analysts anticipate that SunOpta Inc. will post 0.13 EPS for the current year.

Institutional Trading of SunOpta

A number of institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in shares of SunOpta by 64.7% in the 4th quarter. Van ECK Associates Corp now owns 18,070 shares of the company's stock worth $139,000 after buying an additional 7,097 shares in the last quarter. Rhumbline Advisers raised its position in SunOpta by 2.5% during the fourth quarter. Rhumbline Advisers now owns 140,310 shares of the company's stock worth $1,080,000 after acquiring an additional 3,402 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in shares of SunOpta in the fourth quarter valued at about $81,000. Fortis Group Advisors LLC grew its position in shares of SunOpta by 224.1% in the fourth quarter. Fortis Group Advisors LLC now owns 47,404 shares of the company's stock valued at $365,000 after purchasing an additional 32,777 shares during the last quarter. Finally, Peregrine Capital Management LLC grew its position in shares of SunOpta by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 829,718 shares of the company's stock valued at $6,389,000 after purchasing an additional 14,767 shares during the last quarter. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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.