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

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $35.35, for a total transaction of $176,750.00. Following the sale, the chief executive officer now owns 447,452 shares of the company’s stock, valued at approximately $15,817,428.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Vita Coco Price Performance

NASDAQ:COCO traded down $0.10 during trading hours on Tuesday, reaching $35.16. The company had a trading volume of 497,426 shares, compared to its average volume of 624,901. The firm has a market cap of $1.99 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 2.33 and a beta of 0.22. The Vita Coco Company, Inc. has a 1-year low of $19.41 and a 1-year high of $36.41. The business’s 50 day moving average price is $29.14 and its 200-day moving average price is $27.65.

Vita Coco (NASDAQ:COCO) last posted its earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. The company 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%. Vita Coco’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 earnings per share. On average, analysts expect that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Vita Coco

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Vita Coco by 10.8% during the 1st quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company’s stock worth $58,032,000 after acquiring an additional 230,991 shares in the last quarter. Victory Capital Management Inc. raised its position in Vita Coco by 106.4% in the third 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 during the period. Dimensional Fund Advisors LP grew its stake in Vita Coco by 25.1% during the second 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. William Blair Investment Management LLC boosted its stake in shares of Vita Coco by 8.0% in the 2nd quarter. William Blair Investment Management LLC now owns 761,315 shares of the company’s stock valued at $21,203,000 after purchasing an additional 56,416 shares in the last quarter. Finally, Champlain Investment Partners LLC bought a new position in Vita Coco in the 1st quarter worth $18,210,000. 88.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on COCO shares. Craig Hallum upped their price target on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group decreased their price objective on shares of Vita Coco from $35.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Vita Coco presently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Vita Coco Company Profile

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.