In a recent report by the Securities and Exchange Commission (SEC), investment management firm abrdn plc revealed a striking increase of 555.7% in its holdings of SunOpta Inc. (NASDAQ: STKL) (TSE: SOY) during the fourth quarter. The firm now owns a total of 2,879,814 shares in SunOpta stock, representing an additional 2,440,642 shares acquired during the period.
At present, abrdn plc has an impressive 2.63% stake in SunOpta Inc., which has been valued at $24,306,000 based on the most recent filing made with the SEC. This reflects a substantial interest in the manufacturer and distributor of plant-based and fruit-based food and beverage products globally.
SunOpta’s operations are segregated into two main segments: Plant-Based Foods and Beverages; and Fruit-Based Foods and Beverages. These sectors cater to retail customers, foodservice distributors, branded food makers and other manufacturers worldwide.
As per market data from Friday morning trading session that saw SunOpta open up at $7.61 for share trading price value distribution; company reports indicate an overall current ratio of 1.75 accompanied by a quick ratio of 0.60 alongside its debt-to-equity ratio rating which has been recorded as standing at 0.86 respectively.
The fifty-day moving average currently stands at $7.91 while the two-hundred-day moving average is sitting firmly at $8.39 as recorded over time periods analyzed within report footings available till dated review reference access reports records revealing unique sale data analysis against peer matching counterpartials comparison.
It is notable that SunOpta Inc.’s 12-month range on record averages between an equity share low of $6.57 going all the way towards high values averaged around $11.67 over this same span under analytical observation undertaken herein disclosures sought.
The details of abrdn plc’s considerable stake in SunOpta is an indication of the firm’s confident perception of the growth potential of SunOpta as a company, particularly within the plant-based and fruit-based food and beverage manufacturing sectors. It remains to be seen how this investment will pay off for abrdn plc in the long run, but it is clear that they are bullish on SunOpta’s future prospects.
STKL
Updated on: 21/05/2023
Financial Health
Neutral
Debt to equity ratio:
Price to earnings ratio:
Price to book ratio:
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Price Target
Current $0.00
Concensus $0.00
Low $0.00
Median $0.00
High $0.00
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Social Sentiments
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SunOpta Inc: Stocks, Investors, and Recent Developments in the Food and Beverage Manufacturing Industry
SunOpta Inc: The Stocks, Investors, and Recent Developments
SunOpta Inc is a global food and beverage manufacturing company that makes plant-based and fruit-based products. This article discusses the stocks of SunOpta, the investors behind it, as well as its quarterly report released on March 1st.
Recently, some large investors have increased stakes in SunOpta. Swiss National Bank now owns 178,725 shares of the company’s stock valued at $897,000 after acquiring an additional 14,300 shares during the period. JPMorgan Chase & Co. now owns 432,794 shares of the company’s stock worth $2,173,000 after purchasing an additional 93,798 shares during the last quarter. American Century Companies Inc. lifted its holdings in SunOpta by 4.3%, while PNC Financial Services Group Inc. increased its stake in shares of SunOpta by 81.7% in the first quarter.
As for asset management on insider ownerships of this corporation established on March 10th; CEO Mike Buick sold off about $54k worth of stock from his previously owned total reaching up to146,519shares.
The first-quarter earnings report released on March 1st showed $0.02 earnings per share (EPS) for the quarter with a positive return on equity of 4.50%. According to analysts’ expectations forecast at $220.60 million revenue generating this quarter reached up by $221.29 million with a y-o-y growth rate soaring over eight percent.
However, despite SunOpta’s positive performances on various fronts such as growth rates over time and recent appreciation from investors – which granted it endorsement status as “outperform” rated for future price speculation – StockNews.com lowered their rating from “hold” down to “sell,” calling into question many long-time investor’s outlooks due to potential issues regarding the company’s financial screening.
All in all, SunOpta is on an upward track with good Q1 earnings but conflicting accounts from experts regarding its stock and thereafter.
Source: beststocks.com
In a recent report by the Securities and Exchange Commission (SEC), investment management firm abrdn plc revealed a striking increase of 555.7% in its holdings of SunOpta Inc. (NASDAQ: STKL) (TSE: SOY) during the fourth quarter. The firm now owns a total of 2,879,814 shares in SunOpta stock, representing an additional 2,440,642 shares acquired during the period.
At present, abrdn plc has an impressive 2.63% stake in SunOpta Inc., which has been valued at $24,306,000 based on the most recent filing made with the SEC. This reflects a substantial interest in the manufacturer and distributor of plant-based and fruit-based food and beverage products globally.
SunOpta’s operations are segregated into two main segments: Plant-Based Foods and Beverages; and Fruit-Based Foods and Beverages. These sectors cater to retail customers, foodservice distributors, branded food makers and other manufacturers worldwide.
As per market data from Friday morning trading session that saw SunOpta open up at $7.61 for share trading price value distribution; company reports indicate an overall current ratio of 1.75 accompanied by a quick ratio of 0.60 alongside its debt-to-equity ratio rating which has been recorded as standing at 0.86 respectively.
The fifty-day moving average currently stands at $7.91 while the two-hundred-day moving average is sitting firmly at $8.39 as recorded over time periods analyzed within report footings available till dated review reference access reports records revealing unique sale data analysis against peer matching counterpartials comparison.
It is notable that SunOpta Inc.’s 12-month range on record averages between an equity share low of $6.57 going all the way towards high values averaged around $11.67 over this same span under analytical observation undertaken herein disclosures sought.
The details of abrdn plc’s considerable stake in SunOpta is an indication of the firm’s confident perception of the growth potential of SunOpta as a company, particularly within the plant-based and fruit-based food and beverage manufacturing sectors. It remains to be seen how this investment will pay off for abrdn plc in the long run, but it is clear that they are bullish on SunOpta’s future prospects.
STKL
Updated on: 21/05/2023
Financial Health
Neutral
Debt to equity ratio:
Price to earnings ratio:
Price to book ratio:
Show more
Price Target
Current $0.00
Concensus $0.00
Low $0.00
Median $0.00
High $0.00
Show more
Social Sentiments
We did not find social sentiment data for this stock
Analyst Ratings
There are no analysts data to display
SunOpta Inc: Stocks, Investors, and Recent Developments in the Food and Beverage Manufacturing Industry
SunOpta Inc: The Stocks, Investors, and Recent Developments
SunOpta Inc is a global food and beverage manufacturing company that makes plant-based and fruit-based products. This article discusses the stocks of SunOpta, the investors behind it, as well as its quarterly report released on March 1st.
Recently, some large investors have increased stakes in SunOpta. Swiss National Bank now owns 178,725 shares of the company’s stock valued at $897,000 after acquiring an additional 14,300 shares during the period. JPMorgan Chase & Co. now owns 432,794 shares of the company’s stock worth $2,173,000 after purchasing an additional 93,798 shares during the last quarter. American Century Companies Inc. lifted its holdings in SunOpta by 4.3%, while PNC Financial Services Group Inc. increased its stake in shares of SunOpta by 81.7% in the first quarter.
As for asset management on insider ownerships of this corporation established on March 10th; CEO Mike Buick sold off about $54k worth of stock from his previously owned total reaching up to146,519shares.
The first-quarter earnings report released on March 1st showed $0.02 earnings per share (EPS) for the quarter with a positive return on equity of 4.50%. According to analysts’ expectations forecast at $220.60 million revenue generating this quarter reached up by $221.29 million with a y-o-y growth rate soaring over eight percent.
However, despite SunOpta’s positive performances on various fronts such as growth rates over time and recent appreciation from investors – which granted it endorsement status as “outperform” rated for future price speculation – StockNews.com lowered their rating from “hold” down to “sell,” calling into question many long-time investor’s outlooks due to potential issues regarding the company’s financial screening.
All in all, SunOpta is on an upward track with good Q1 earnings but conflicting accounts from experts regarding its stock and thereafter.
Source: beststocks.com
