American Century Companies Inc. Has $28.15 Million Holdings in SunOpta Inc. (NASDAQ:STKL)

Posted by Defense World Staff on Aug 30th, 2023

American Century Companies Inc. lessened its stake in SunOpta Inc. (NASDAQ:STKL – Free Report) (TSE:SOY) by 15.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,658,936 shares of the company’s stock after selling 656,567 shares during the quarter. American Century Companies Inc. owned about 3.10% of SunOpta worth $28,145,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its position in SunOpta by 81.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 5,200 shares of the company’s stock valued at $26,000 after acquiring an additional 2,338 shares in the last quarter. Citigroup Inc. increased its position in SunOpta by 308.6% in the 1st quarter. Citigroup Inc. now owns 6,876 shares of the company’s stock valued at $53,000 after acquiring an additional 5,193 shares in the last quarter. Hollencrest Capital Management acquired a new stake in SunOpta in the 4th quarter valued at about $55,000. Private Advisor Group LLC acquired a new stake in SunOpta in the 1st quarter valued at about $60,000. Finally, Eqis Capital Management Inc. acquired a new stake in SunOpta in the 1st quarter valued at about $72,000. Institutional investors and hedge funds own 97.48% of the company’s stock.

SunOpta Stock Performance

SunOpta stock opened at $4.32 on Wednesday. The company’s 50 day simple moving average is $5.86 and its 200 day simple moving average is $7.02. SunOpta Inc. has a fifty-two week low of $3.99 and a fifty-two week high of $11.67. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.54 and a quick ratio of 0.46.

SunOpta (NASDAQ:STKL – Get Free Report) (TSE:SOY) last released its quarterly earnings data on Wednesday, August 9th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). SunOpta had a positive return on equity of 2.43% and a negative net margin of 3.29%. The firm had revenue of $207.81 million for the quarter, compared to the consensus estimate of $225.00 million. As a group, equities analysts anticipate that SunOpta Inc. will post 0.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on STKL shares. StockNews.com started coverage on shares of SunOpta in a research note on Thursday, August 17th. They issued a “sell” rating on the stock. Stephens started coverage on shares of SunOpta in a research note on Thursday, June 22nd. They issued an “overweight” rating and a $10.00 target price on the stock. BMO Capital Markets reduced their target price on shares of SunOpta from $12.00 to $10.00 and set an “outperform” rating on the stock in a research note on Thursday, August 10th. TheStreet lowered shares of SunOpta from a “c-” rating to a “d+” rating in a research note on Thursday, August 10th. Finally, Canaccord Genuity Group reduced their target price on shares of SunOpta from $14.00 to $8.00 and set a “buy” rating on the stock in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.33.

Get Our Latest Research Report on SunOpta

Insiders Place Their Bets

In other SunOpta news, Director Lovas Katrina Houde sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $4.40, for a total transaction of $198,000.00. Following the sale, the director now directly owns 201,586 shares in the company, valued at approximately $886,978.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.68% of the company’s stock.

SunOpta Company Profile

(Free Report)

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products to retailers, foodservice operators, branded food companies, and food manufacturers in the United States, Canada, and internationally. The company operates through Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages segments.