Universal Beteiligungs und Servicegesellschaft mbH Cuts Stock Holdings in SunOpta, Inc. $STKL

Universal Beteiligungs und Servicegesellschaft mbH lowered its stake in shares of SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) by 27.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 263,556 shares of the company’s stock after selling 100,000 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in SunOpta were worth $1,017,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Cooperman Leon G raised its stake in SunOpta by 2.5% during the third quarter. Cooperman Leon G now owns 6,667,109 shares of the company’s stock worth $39,069,000 after purchasing an additional 160,058 shares during the period. Vanguard Group Inc. raised its stake in SunOpta by 0.8% during the third quarter. Vanguard Group Inc. now owns 2,267,321 shares of the company’s stock worth $13,286,000 after purchasing an additional 16,912 shares during the period. Thornburg Investment Management Inc. raised its stake in SunOpta by 12.4% during the third quarter. Thornburg Investment Management Inc. now owns 2,088,513 shares of the company’s stock worth $12,239,000 after purchasing an additional 230,226 shares during the period. Heartland Advisors Inc. raised its stake in SunOpta by 2.6% during the third quarter. Heartland Advisors Inc. now owns 1,248,775 shares of the company’s stock worth $7,318,000 after purchasing an additional 31,550 shares during the period. Finally, Marshall Wace LLP raised its stake in SunOpta by 42.1% during the third quarter. Marshall Wace LLP now owns 1,152,514 shares of the company’s stock worth $6,754,000 after purchasing an additional 341,336 shares during the period. Hedge funds and other institutional investors own 85.39% of the company’s stock.

SunOpta Stock Performance

Shares of STKL stock opened at $6.50 on Monday. The company’s fifty day simple moving average is $6.47 and its 200-day simple moving average is $5.22. SunOpta, Inc. has a 52 week low of $3.32 and a 52 week high of $6.94. The company has a current ratio of 1.18, a quick ratio of 0.61 and a debt-to-equity ratio of 1.27. The company has a market cap of $786.80 million, a PE ratio of 49.97 and a beta of 1.03.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $8.00 price target on shares of SunOpta in a research note on Monday, February 9th. William Blair downgraded shares of SunOpta from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, SunOpta has an average rating of “Hold” and an average target price of $8.00.

About SunOpta

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.