SunOpta (STKL)

• Market cap: $904M
• 1 day: 3.07%
• 5 days: -2.64%
• 1 month: 2.25%
• 3 months: 15.89%
• 6 months: 43.95%
• Year to date: 39.53%
• 1 year: 52.47%
• 5 years: 191.70%
• 10 years: -34.99%
• Sector: Consumer Staples
• Industry: Farm Product Raw Materials

About: SunOpta Inc is a Canadian company that focuses on a healthy product portfolio. The company is a manufacturer for natural and private label brands and also produces its own propriety brands, including SOWN, Dream and West Life. The core of its product portfolio is a range of plant-based beverages, including oat, almond, soy, coconut and rice milks and creamers, which have a favorable climate profile relative to traditional dairy milks in terms of lower carbon emissions and water usage. Their plant-based offerings include non-genetically modified, organic, and gluten-free products. The consumer products portfolio also includes protein shakes, teas, broths, and fruit snacks.

Employees: 1,174

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

232% more call options, than puts

Call options by funds: $1.38M | Put options by funds: $415K

50% more funds holding in top 10

Funds holding in top 10: 2 [Q2] → 3 (+1) [Q3]

29% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 24

19% more capital invested

Capital invested by funds: $541M [Q2] → $646M (+$105M) [Q3]

4% more funds holding

Funds holding: 186 [Q2] → 193 (+7) [Q3]

0.95% more ownership

Funds ownership: 85.87% [Q2] → 86.82% (+0.95%) [Q3]

10% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 69

Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $9 16% upside
• Avg. target: $9.50 23% upside
• High target: $10 29% upside

2 analyst ratings

• positive: 2 100%
• neutral: 0 0%
• negative: 0 0%

Stephens & Co. Jim Salera 23% 1-year accuracy 9 / 39 met price target	29% upside $10	Overweight Maintained	6 Nov 2024
DA Davidson Brian Holland 60% 1-year accuracy 9 / 15 met price target	16% upside $9	Buy Maintained	10 Oct 2024