Joseph Ennen Purchases 50,000 Shares of SunOpta, Inc. (STKL) Stock

SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) CEO Joseph Ennen bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were acquired at an average price of $4.19 per share, for a total transaction of $209,500.00. Following the transaction, the chief executive officer now owns 104,000 shares in the company, valued at $435,760. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Joseph Ennen also recently made the following trade(s):

  • On Wednesday, May 15th, Joseph Ennen bought 25,000 shares of SunOpta stock. The shares were acquired at an average price of $4.53 per share, for a total transaction of $113,250.00.
  • On Friday, May 10th, Joseph Ennen bought 50,000 shares of SunOpta stock. The shares were acquired at an average price of $4.31 per share, for a total transaction of $215,500.00.

Shares of NASDAQ:STKL opened at $4.51 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.38 and a current ratio of 1.30. SunOpta, Inc. has a 52-week low of $2.21 and a 52-week high of $9.10.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.09). The business had revenue of $305.28 million for the quarter, compared to analyst estimates of $308.10 million. SunOpta had a negative return on equity of 10.69% and a negative net margin of 6.32%. Equities analysts predict that SunOpta, Inc. will post -0.3 earnings per share for the current year.

STKL has been the topic of several research analyst reports. Zacks Investment Research upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. BidaskClub upgraded SunOpta from a “strong sell” rating to a “sell” rating in a research report on Friday, March 1st. Finally, ValuEngine upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $10.00.

A number of large investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC boosted its holdings in SunOpta by 97.0% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 7,269,857 shares of the company’s stock worth $28,134,000 after acquiring an additional 3,578,928 shares in the last quarter. FMR LLC boosted its holdings in SunOpta by 5.4% in the first quarter. FMR LLC now owns 3,638,784 shares of the company’s stock worth $12,590,000 after acquiring an additional 186,718 shares in the last quarter. Morgan Stanley boosted its holdings in SunOpta by 4.8% in the first quarter. Morgan Stanley now owns 3,301,719 shares of the company’s stock worth $11,425,000 after acquiring an additional 150,113 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in SunOpta in the fourth quarter worth approximately $11,646,000. Finally, Factory Mutual Insurance Co. boosted its holdings in SunOpta by 18.7% in the first quarter. Factory Mutual Insurance Co. now owns 2,576,700 shares of the company’s stock worth $9,173,000 after acquiring an additional 405,300 shares in the last quarter. Institutional investors and hedge funds own 81.78% of the company’s stock.

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About SunOpta

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

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