Sunopta Inc (NASDAQ:STKL) Quarterly Sentiment Report

April 17, 2018 - By Vivian Park

SunOpta Inc. (NASDAQ:STKL) Logo

Sentiment for Sunopta Inc (NASDAQ:STKL)

Sunopta Inc (NASDAQ:STKL) institutional sentiment decreased to 0.74 in 2017 Q4. Its down -0.37, from 1.11 in 2017Q3. The ratio has worsened, as 35 hedge funds increased or opened new positions, while 47 sold and trimmed equity positions in Sunopta Inc. The hedge funds in our partner’s database now hold: 64.44 million shares, up from 62.26 million shares in 2017Q3. Also, the number of hedge funds holding Sunopta Inc in their top 10 positions decreased from 6 to 3 for a decrease of 3. Sold All: 12 Reduced: 35 Increased: 22 New Position: 13.

SunOpta Inc. sources non-genetically modified and organic ingredients; and makes and sells food and beverage products in the United States, Canada, Mexico, Europe, China, and Ethiopia. The company has market cap of $620.89 million. The Company’s Global Ingredients segment offers organic fruit- and vegetable 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 animal feed, and pet food products. It currently has negative earnings. This segment also provides processing and contract manufacturing services, including seed and grain conditioning services for soy, corn, and sunflower; grain milling for corn, with various granulations and batch sizing; coffee and sesame seed processing; and dry and oil roasting and packaging, as well as offers specialty organic functional ingredients, and liquid and dried format seed, grain, and cocoa based ingredients.

The stock decreased 1.00% or $0.075 during the last trading session, reaching $7.425. About 65,959 shares traded. SunOpta Inc. (NASDAQ:STKL) has risen 6.72% since April 17, 2017 and is uptrending. It has underperformed by 4.83% the S&P500.

Analysts await SunOpta Inc. (NASDAQ:STKL) to report earnings on May, 9. They expect $-0.06 EPS, down 500.00 % or $0.05 from last year’s $-0.01 per share. After $-0.10 actual EPS reported by SunOpta Inc. for the previous quarter, Wall Street now forecasts -40.00 % EPS growth.

Domini Impact Investments Llc holds 6.84% of its portfolio in SunOpta Inc. for 43,314 shares. Engaged Capital Llc owns 6.76 million shares or 6.79% of their US portfolio. Moreover, Ardsley Advisory Partners has 2.4% invested in the company for 2.55 million shares. The New York-based Overbrook Management Corp has invested 2.31% in the stock. Eventide Asset Management Llc, a Massachusetts-based fund reported 3.90 million shares.#img1#

Since January 1, 0001, it had 5 insider purchases, and 0 sales for $28.14 million activity.

SunOpta Inc. (NASDAQ:STKL) Institutional Positions Chart

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