The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper Sells 5,000 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $36.53, for a total transaction of $182,650.00. Following the transaction, the chief executive officer now owns 357,152 shares in the company, valued at approximately $13,046,762.56. The trade was a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Vita Coco Price Performance

Shares of COCO stock opened at $36.72 on Monday. The Vita Coco Company, Inc. has a fifty-two week low of $19.41 and a fifty-two week high of $37.88. The stock’s 50-day moving average is $33.12 and its two-hundred day moving average is $29.25. The firm has a market cap of $2.08 billion, a P/E ratio of 37.09, a PEG ratio of 2.42 and a beta of 0.31.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The firm had revenue of $133.00 million for the quarter, compared to the consensus estimate of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.26 earnings per share. As a group, research analysts expect that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Wasatch Advisors LP boosted its holdings in Vita Coco by 299.0% in the third quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock worth $67,972,000 after purchasing an additional 1,799,168 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Vita Coco by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock worth $29,494,000 after buying an additional 101,823 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Vita Coco by 106.4% during the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock worth $25,358,000 after acquiring an additional 461,748 shares in the last quarter. State Street Corp increased its holdings in shares of Vita Coco by 4.7% during the 3rd quarter. State Street Corp now owns 876,774 shares of the company’s stock valued at $24,821,000 after acquiring an additional 39,431 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Vita Coco by 25.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 776,469 shares of the company’s stock valued at $21,623,000 after acquiring an additional 156,033 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

COCO has been the subject of several recent analyst reports. Craig Hallum raised their target price on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Bank of America raised their price objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.14.

About Vita Coco

The Vita Coco Company, Inc develops, markets, and distributes coconut water products under the Vita Coco brand name in the United States, Canada, Europe, the Middle East, Africa, and the Asia Pacific. The company offers coconut oil and coconut milk; juice; Runa, a plant-based energy drink; packaged water under the Ever & Ever brand name; and PWR LIFT, a protein-infused fitness drink.