Jonathan Burth Sells 14,836 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 14,836 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $37.61, for a total value of $557,981.96. Following the sale, the chief operating officer now owns 105,417 shares of the company’s stock, valued at approximately $3,964,733.37. This represents a 12.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Jonathan Burth also recently made the following trade(s):

• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The stock was sold at an average price of $35.69, for a total value of $356,900.00.
• On Monday, October 28th, Jonathan Burth sold 1,400 shares of Vita Coco stock. The stock was sold at an average price of $30.04, for a total value of $42,056.00.
• On Tuesday, October 22nd, Jonathan Burth sold 905 shares of Vita Coco stock. The shares were sold at an average price of $30.04, for a total transaction of $27,186.20.
• On Wednesday, October 16th, Jonathan Burth sold 400 shares of Vita Coco stock. The shares were sold at an average price of $30.00, for a total transaction of $12,000.00.
• On Monday, September 30th, Jonathan Burth sold 2,244 shares of Vita Coco stock. The stock was sold at an average price of $30.01, for a total transaction of $67,342.44.

Vita Coco Stock Down 1.7 %

Shares of NASDAQ COCO opened at $36.19 on Wednesday. The Vita Coco Company, Inc. has a 12 month low of $19.41 and a 12 month high of $37.88. The company has a market cap of $2.05 billion, a P/E ratio of 36.56, a P/E/G ratio of 2.42 and a beta of 0.31. The business’s 50 day moving average is $33.31 and its two-hundred day moving average is $29.31.

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

Analyst Ratings Changes

COCO has been the topic of a number of analyst reports. Craig Hallum increased their price objective on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Bank of America upped their target price 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 equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.14.

Institutional Investors Weigh In On Vita Coco

Several hedge funds have recently made changes to their positions in COCO. Comerica Bank boosted its stake in Vita Coco by 1,155.7% during the first quarter. Comerica Bank now owns 3,993 shares of the company’s stock worth $98,000 after buying an additional 3,675 shares in the last quarter. CWM LLC boosted its holdings in Vita Coco by 40.7% during the second quarter. CWM LLC now owns 2,720 shares of the company’s stock valued at $76,000 after purchasing an additional 787 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Vita Coco in the 2nd quarter valued at approximately $150,000. Bank of New York Mellon Corp grew its stake in shares of Vita Coco by 12.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 151,840 shares of the company’s stock valued at $4,229,000 after purchasing an additional 17,121 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Vita Coco by 24.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 39,096 shares of the company’s stock worth $1,089,000 after buying an additional 7,615 shares in the last quarter. Institutional investors own 88.49% of the company’s stock.

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.