Key Points
- Oaktree Capital sold 20,651,812 SunOpta shares on May 1 at an average price of $6.50, a transaction totaling about $134.24 million disclosed to the SEC.
- SunOpta shares trade around $6.49 with a market cap of ~$786.3 million, a P/E of 49.93, a 50-day/200-day moving average of $6.47/$5.23, and a 12‑month range of $3.32–$6.94.
- Analysts' views are mixed (2 Buy, 2 Hold, 1 Sell) with a consensus "Hold" and a $8.00 price target, while institutional investors own about 85.39% of the company.
SunOpta, Inc. (NASDAQ:STKL - Get Free Report) (TSE:SOY) major shareholder Oaktree Capital Group Holdings sold 20,651,812 shares of the business's stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $6.50, for a total transaction of $134,236,778.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
SunOpta Trading Down 0.1%
NASDAQ STKL opened at $6.49 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.18 and a quick ratio of 0.61. The stock has a market capitalization of $786.32 million, a P/E ratio of 49.93 and a beta of 1.03. The firm's 50-day moving average is $6.47 and its two-hundred day moving average is $5.23. SunOpta, Inc. has a 12 month low of $3.32 and a 12 month high of $6.94.
Analyst Ratings Changes
STKL has been the subject of a number of research analyst reports. DA Davidson reaffirmed a "buy" rating and set a $8.00 price objective on shares of SunOpta in a research report on Monday, February 9th. William Blair cut SunOpta from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $8.00.
View Our Latest Stock Analysis on SunOpta
Institutional Investors Weigh In On SunOpta
A number of hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new position in SunOpta in the third quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 3,981 shares during the last quarter. New York State Teachers Retirement System acquired a new stake in shares of SunOpta in the 4th quarter valued at $33,000. Swiss Life Asset Management Ltd acquired a new stake in shares of SunOpta in the 4th quarter valued at $40,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in shares of SunOpta during the 4th quarter worth $42,000. Institutional investors and hedge funds own 85.39% of the company's stock.
About SunOpta
(
Get Free Report)
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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