Pictet Asset Management Holding SA Decreases Stock Holdings in SunOpta Inc. (NASDAQ:STKL)

Pictet Asset Management Holding SA lessened its holdings in SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 6.5% during the 4th quarter, HoldingsChannel reports. The firm owned 2,014,043 shares of the company’s stock after selling 139,175 shares during the period. Pictet Asset Management Holding SA’s holdings in SunOpta were worth $15,508,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of STKL. Geode Capital Management LLC lifted its stake in shares of SunOpta by 80.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock valued at $13,579,000 after purchasing an additional 951,462 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in SunOpta by 65.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,761,922 shares of the company’s stock worth $13,567,000 after buying an additional 698,004 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in SunOpta by 250.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock worth $4,848,000 after buying an additional 542,832 shares during the period. Hodges Capital Management Inc. increased its position in SunOpta by 12.7% during the third quarter. Hodges Capital Management Inc. now owns 3,604,629 shares of the company’s stock valued at $22,998,000 after acquiring an additional 406,005 shares during the last quarter. Finally, State Street Corp raised its stake in shares of SunOpta by 18.9% in the third quarter. State Street Corp now owns 1,827,273 shares of the company’s stock valued at $11,658,000 after acquiring an additional 290,372 shares during the period. Institutional investors own 85.39% of the company’s stock.

SunOpta Trading Down 3.3 %

Shares of STKL opened at $4.70 on Wednesday. The firm has a market capitalization of $562.85 million, a price-to-earnings ratio of -26.11 and a beta of 1.90. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. SunOpta Inc. has a 1-year low of $4.67 and a 1-year high of $8.11. The company has a 50-day moving average of $6.45 and a 200 day moving average of $6.87.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, meeting the consensus estimate of $0.06. The firm had revenue of $193.91 million during the quarter, compared to the consensus estimate of $189.90 million. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. On average, research analysts expect that SunOpta Inc. will post 0.13 EPS for the current year.

Analyst Ratings Changes

STKL has been the subject of a number of recent analyst reports. Stephens reaffirmed an “overweight” rating and set a $10.00 price target on shares of SunOpta in a research note on Thursday, January 2nd. StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a research note on Tuesday, March 11th.

Insiders Place Their Bets

In related news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $5.32, for a total value of $45,220.00. Following the completion of the sale, the senior vice president now directly owns 28,150 shares in the company, valued at $149,758. The trade was a 23.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 6.48% of the company’s stock.

About SunOpta

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.