Filing Watching: Learn Why Glenn W. Welling’s Engaged Capital Llc Just Purchased Sunopta Inc Stake?

Filing Watching: Learn Why Glenn W. Welling's Engaged Capital Llc Just Purchased Sunopta Inc Stake?

The New Glenn W. Welling’s Engaged Capital Llc Holding in Sunopta Inc

Engaged Capital Llc filed with the SEC SC 13D/A form for Sunopta Inc. The form can be accessed here: 000092189516005854. As reported in Glenn W. Welling’s Engaged Capital Llc’s form, the filler as of late owns 7.5% or 6,426,435 shares of the Consumer Staples–company.

Sunopta Inc stake is a new one for the for the hedge fund and it was filed because of activity on October 7, 2016. We feel this shows Glenn W. Welling’s Engaged Capital Llc’s positive view for the stock. For a hedge fund managing $194.47 million in assets and having 9+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Glenn W. Welling’s Engaged Capital Llc’s US equities portfolio is in this sector.

Sunopta Inc Institutional Sentiment

Latest Security and Exchange filings show 92 investors own Sunopta Inc. The institutional ownership in Q3 2015 is high, at 84.69% of the outstanding shares. This is increased by 19453270 the total institutional shares. 72501298 were the shares owned by these institutional investors. In total 20 funds opened new Sunopta Inc stakes, 42 increased stakes. There were 27 that closed positions and 24 reduced them.

2 managers had the stock in their top Ten. Notable investors are: West Face Capital Inc., Domini Social Investments Llc, Ardsley Advisory Partners..

Overbrook Management Corp is an institutional investor bullish on Sunopta Inc, owning 2176326 shares as of Q3 2015 for 1.63% of its portfolio. Domini Social Investments Llc owns 81596 shares or 6.49% of its portfolio. MA Reynders Mcveigh Capital Management Llc have 1.03% of their stock portfolio for 1211397 shares. Further, West Face Capital Inc reported stake worth 17.05% of its US stock portfolio. The CA Ami Asset Management Corp owns 899890 shares. Sunopta Inc is 0.33% of the manager’s US portfolio.

Business Profile

SunOpta Inc. operates businesses focused on a healthy products portfolio. The Company operates through two segments: Global Ingredients and Consumer Products. Its Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains and seeds, fruits, grain- and cocoa-based ingredients, and other commodities. Its Consumer Products segment consists of approximately three commercial platforms: Healthy Beverages, Healthy Fruit and Healthy Snacks. Healthy Beverages include aseptic packaged products, including non-dairy and dairy beverages; refrigerated premium juices, and shelf-stable juices and functional waters. Healthy Fruit includes individually quick frozen (IQF) fruits for retail; IQF and bulk frozen fruit for foodservice, and fruit ingredients. Healthy Snacks includes fruit snacks, and nutritional and protein bars, and re-sealable pouch products.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Glenn W. Welling’s Engaged Capital Llc website.

Insitutional Activity: The institutional sentiment decreased to 0.69 in Q2 2016. Its down 0.19, from 0.88 in 2016Q1. The ratio fall, as 17 funds sold all SunOpta, Inc. (USA) shares owned while 32 reduced positions. 16 funds bought stakes while 18 increased positions. They now own 62.26 million shares or 7.80% less from 67.52 million shares in 2016Q1.

Credit Suisse Ag last reported 0% of its portfolio in the stock. Blackrock Inc has 0% invested in the company for 483 shares. Hanson Doremus Mgmt has invested 0% of its portfolio in SunOpta, Inc. (USA) (NASDAQ:STKL). Lorem Ipsum Limited Company owns 175,000 shares or 1.58% of their US portfolio. Wealthtrust Axiom Limited Liability Corp has invested 0.21% of its portfolio in SunOpta, Inc. (USA) (NASDAQ:STKL). Shelton Capital owns 100,000 shares or 0.04% of their US portfolio. Jennison Assoc Ltd Limited Liability Company owns 4.31M shares or 0.02% of their US portfolio. Teton Advsrs holds 300,000 shares or 0.11% of its portfolio. Ladenburg Thalmann Service Inc holds 8,500 shares or 0% of its portfolio. Millennium Mgmt Ltd Company holds 0% of its portfolio in SunOpta, Inc. (USA) (NASDAQ:STKL) for 139,353 shares. Moreover, Dekabank Deutsche Girozentrale has 0% invested in SunOpta, Inc. (USA) (NASDAQ:STKL) for 17,000 shares. Walleye Trading Limited Liability Company last reported 5,220 shares in the company. Gamco Invsts Inc Et Al has 29,300 shares for 0% of their US portfolio. Gru One Trading Limited Partnership has 0% invested in the company for 28,944 shares. Fmr Lc holds 0% or 1.26 million shares in its portfolio.

Insider Transactions: Since May 18, 2016, the stock had 8 insider purchases, and 0 sales for $448,361 net activity. Davidson Joseph also bought $3,441 worth of SunOpta, Inc. (USA) (NASDAQ:STKL) on Tuesday, May 24. 5,000 shares were bought by Gratzek James, worth $16,750 on Tuesday, May 24. Greene Douglas bought $188,500 worth of stock or 50,000 shares. Shares for $96,000 were bought by KENDALL JEREMY on Friday, May 20. 4,000 shares were bought by Detlefsen Michael, worth $13,320 on Tuesday, May 24. Jacobs Hendrik bought $26,950 worth of stock.

Analysts await SunOpta, Inc. (USA) (NASDAQ:STKL) to report earnings on November, 8. They expect $0.06 earnings per share, down 25.00% or $0.02 from last year’s $0.08 per share. STKL’s profit will be $5.26M for 28.00 P/E if the $0.06 EPS becomes a reality. After $0.05 actual earnings per share reported by SunOpta, Inc. (USA) for the previous quarter, Wall Street now forecasts 20.00% EPS growth.

The stock increased 0.37% or $0.02 during the last trading session, hitting $6.72. About 299,873 shares traded hands. SunOpta, Inc. (USA) (NASDAQ:STKL) has risen 36.73% since March 9, 2016 and is uptrending. It has outperformed by 29.32% the S&P500.

SunOpta Inc. operates businesses focused on a healthy products portfolio. The company has a market cap of $589.59 million. The Firm operates through two divisions: Global Ingredients and Consumer Products. It currently has negative earnings. The Company’s Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating divisions focused on the procurement, processing and sale of specialty and organic grains and seeds, fruits, grain- and cocoa ingredients, and other commodities.

SunOpta, Inc. (USA) (NASDAQ:STKL) Ratings Coverage

Out of 4 analysts covering SunOpta (NASDAQ:STKL), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $11 is the highest target while $7 is the lowest. The $9.13 average target is 35.86% above today’s ($6.72) stock price. SunOpta has been the topic of 7 analyst reports since August 15, 2015 according to StockzIntelligence Inc. The rating was upgraded by Zacks to “Hold” on Tuesday, August 18. The stock of SunOpta, Inc. (USA) (NASDAQ:STKL) has “Market Perform” rating given on Friday, September 4 by William Blair. The stock has “Outperform” rating given by BMO Capital Markets on Thursday, October 8. On Thursday, August 20 the stock rating was downgraded by Zacks to “Buy”. The rating was initiated by Wunderlich on Tuesday, October 11 with “Buy”. On Saturday, August 15 the stock rating was downgraded by TheStreet to “Buy”.

More important recent SunOpta, Inc. (USA) (NASDAQ:STKL) news were published by: Fool.com which released: “Why Shares of SunOpta Inc. Soared Today” on May 27, 2016, also Reuters.com published article titled: “SunOpta gets $85 million from Oaktree Capital to repay debt”, Benzinga.com published: “The Aftermath Of SunOpta’s Agreement With Oaktree Capital” on October 10, 2016. More interesting news about SunOpta, Inc. (USA) (NASDAQ:STKL) was released by: Startribune.com and their article: “Oaktree takes strategic stake in SunOpta for $85 million” with publication date: October 12, 2016.

According to Zacks Investment Research, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector.”

STKL Company Profile

SunOpta Inc., incorporated on January 1, 2008, operates businesses focused on a healthy products portfolio. The Firm operates through two divisions: Global Ingredients and Consumer Products. The Firm is focused on both sourcing non-genetically modified (non-GMO) and organic ingredients and manufacturing healthy food and beverage products. It operates an integrated field-to-table business model leveraging its global ingredient sourcing platform to process and market non-GMO and organic ingredients for retailers, food manufacturers and foodservice operators and manufacture packaged products focused on the healthy beverages, healthy fruit and healthy snacks categories for its retail, foodservice and branded food customers.

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