Jonathan Burth Sells 1,400 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 1,400 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $30.04, for a total transaction of $42,056.00. Following the completion of the sale, the chief operating officer now directly owns 121,900 shares in the company, valued at approximately $3,661,876. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 stock was 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 shares were sold at an average price of $30.01, for a total value of $67,342.44.

Vita Coco Trading Down 4.0 %

Shares of Vita Coco stock opened at $29.56 on Thursday. The Vita Coco Company, Inc. has a 12 month low of $19.41 and a 12 month high of $31.54. The stock’s fifty day moving average price is $27.66 and its 200-day moving average price is $27.01. The firm has a market cap of $1.68 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.24 and a beta of 0.23.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Vita Coco had a net margin of 11.05% and a return on equity of 26.42%. The business had revenue of $144.00 million during the quarter, compared to analyst estimates of $144.08 million. During the same quarter in the previous year, the business posted $0.26 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Analysts forecast that The Vita Coco Company, Inc. will post 1.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on COCO shares. Bank of America boosted their price objective on Vita Coco from $27.00 to $30.00 and gave the company a “neutral” rating in a report on Wednesday, July 10th. Piper Sandler lowered shares of Vita Coco from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $29.00 to $28.00 in a research note on Friday, July 12th. Wells Fargo & Company upped their price target on shares of Vita Coco from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Wednesday, July 10th. Finally, 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 four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $30.17.

Hedge Funds Weigh In On Vita Coco

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in Vita Coco by 10.8% during the first quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company’s stock worth $58,032,000 after buying an additional 230,991 shares during the period. Dimensional Fund Advisors LP raised its position 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 worth $21,623,000 after acquiring an additional 156,033 shares in the last quarter. William Blair Investment Management LLC lifted its stake in shares of Vita Coco by 8.0% during the 2nd quarter. William Blair Investment Management LLC now owns 761,315 shares of the company’s stock worth $21,203,000 after purchasing an additional 56,416 shares during the last quarter. Champlain Investment Partners LLC bought a new stake in Vita Coco during the first quarter valued at about $18,210,000. Finally, Victory Capital Management Inc. grew its stake in Vita Coco by 1,310.1% in the second quarter. Victory Capital Management Inc. now owns 433,968 shares of the company’s stock valued at $12,086,000 after purchasing an additional 403,192 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

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.