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 Vita Coco stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $35.54, for a total transaction of $177,700.00. Following the completion of the transaction, the chief executive officer now directly owns 392,152 shares of the company’s stock, valued at $13,937,082.08. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Vita Coco Price Performance

COCO opened at $35.75 on Wednesday. The firm has a market cap of $2.03 billion, a P/E ratio of 36.11, a PEG ratio of 2.31 and a beta of 0.31. The Vita Coco Company, Inc. has a 1-year low of $19.41 and a 1-year high of $37.05. The company has a 50 day simple moving average of $31.86 and a two-hundred day simple moving average of $28.69.

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

Institutional Trading of Vita Coco

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Vita Coco by 10.8% during the first quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company’s stock valued at $58,032,000 after purchasing an additional 230,991 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Vita Coco during the 1st quarter valued at approximately $263,000. Janus Henderson Group PLC increased its stake in Vita Coco by 126.9% in the 1st quarter. Janus Henderson Group PLC now owns 30,131 shares of the company’s stock worth $736,000 after acquiring an additional 16,854 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in Vita Coco in the 1st quarter worth approximately $305,000. Finally, California State Teachers Retirement System increased its stake in Vita Coco by 14.3% in the 1st quarter. California State Teachers Retirement System now owns 37,001 shares of the company’s stock worth $904,000 after acquiring an additional 4,634 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Craig Hallum boosted their price objective on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.