18,131 Shares in SunOpta Inc. (NASDAQ:STKL) Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D acquired a new position in shares of SunOpta Inc. (NASDAQ:STKL – Get Rating) (TSE:SOY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,131 shares of the company’s stock, valued at approximately $165,000.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in SunOpta by 200.0% during the third quarter. CWM LLC now owns 3,000 shares of the company’s stock worth $27,000 after buying an additional 2,000 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in SunOpta during the second quarter worth approximately $29,000. US Bancorp DE lifted its position in SunOpta by 1,014.5% during the third quarter. US Bancorp DE now owns 4,369 shares of the company’s stock worth $40,000 after buying an additional 3,977 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in SunOpta by 81.7% during the first quarter. PNC Financial Services Group Inc. now owns 5,200 shares of the company’s stock worth $26,000 after buying an additional 2,338 shares in the last quarter. Finally, Focused Wealth Management Inc raised its position in SunOpta by 496.5% in the second quarter. Focused Wealth Management Inc now owns 5,590 shares of the company’s stock valued at $43,000 after purchasing an additional 7,000 shares during the period. Hedge funds and other institutional investors own 74.11% of the company’s stock.

SunOpta Price Performance

NASDAQ:STKL opened at $8.43 on Monday. SunOpta Inc. has a 52 week low of $4.22 and a 52 week high of $11.67. The company has a quick ratio of 0.69, a current ratio of 2.02 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $921.56 million, a P/E ratio of -84.30 and a beta of 1.48. The stock’s fifty day moving average is $8.80 and its two-hundred day moving average is $9.41.

SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) last posted its earnings results on Wednesday, November 9th. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. SunOpta had a positive return on equity of 1.90% and a negative net margin of 0.94%. The company had revenue of $229.67 million for the quarter, compared to the consensus estimate of $225.14 million. Equities analysts expect that SunOpta Inc. will post 0.05 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Friday, December 23rd.

SunOpta Profile

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SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.