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

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $35.70, for a total value of $178,500.00. Following the completion of the transaction, the chief executive officer now owns 407,152 shares in the company, valued at $14,535,326.40. This represents a 1.21 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Vita Coco Stock Performance

NASDAQ:COCO opened at $35.62 on Thursday. The firm’s 50-day moving average is $31.33 and its 200-day moving average is $28.43. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 2.37 and a beta of 0.22. The Vita Coco Company, Inc. has a 52-week low of $19.41 and a 52-week high of $37.05.

Vita Coco (NASDAQ:COCO) last posted its earnings results on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.26 by $0.06. The business had revenue of $133.00 million during 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 revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the company earned $0.26 EPS. Equities analysts predict that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Trading of Vita Coco

Several hedge funds have recently modified their holdings of COCO. CWM LLC grew its position in Vita Coco by 40.7% during the 2nd quarter. CWM LLC now owns 2,720 shares of the company’s stock worth $76,000 after acquiring an additional 787 shares during the last quarter. Arizona State Retirement System boosted its stake in Vita Coco by 9.5% in the second quarter. Arizona State Retirement System now owns 11,107 shares of the company’s stock worth $309,000 after purchasing an additional 960 shares in the last quarter. US Bancorp DE grew its holdings in shares of Vita Coco by 8.5% during the third quarter. US Bancorp DE now owns 14,968 shares of the company’s stock worth $424,000 after purchasing an additional 1,178 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Vita Coco by 7.2% in the third quarter. Captrust Financial Advisors now owns 21,291 shares of the company’s stock valued at $603,000 after buying an additional 1,433 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Vita Coco by 25.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock valued at $199,000 after buying an additional 1,434 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Craig Hallum increased their price target on shares of Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average 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.