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 shares were sold at an average price of $35.35, for a total transaction of $176,750.00. Following the completion of the sale, the chief executive officer now owns 447,452 shares of the company’s stock, valued at approximately $15,817,428.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Vita Coco Stock Performance

Shares of COCO traded down $0.10 during midday trading on Tuesday, hitting $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 capitalization of $1.99 billion, a P/E ratio of 35.55, a P/E/G 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 company’s 50-day simple moving average is $29.14 and its 200-day simple moving average is $27.65.

Vita Coco (NASDAQ:COCO) last announced its quarterly 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 company had revenue of $133.00 million during the quarter, compared to analyst estimates of $138.56 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 earnings per share. Equities analysts predict 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

Several institutional investors and hedge funds have recently modified their holdings of COCO. Charles Schwab Investment Management Inc. grew its stake in Vita Coco by 21.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 324,041 shares of the company’s stock worth $9,174,000 after buying an additional 57,622 shares during the last quarter. Intech Investment Management LLC acquired a new stake in Vita Coco in the 3rd quarter worth about $256,000. Moran Wealth Management LLC lifted its holdings in shares of Vita Coco by 43.5% during the 3rd quarter. Moran Wealth Management LLC now owns 18,204 shares of the company’s stock worth $515,000 after acquiring an additional 5,517 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Vita Coco in the 3rd quarter valued at approximately $1,145,000. Finally, Quest Partners LLC increased its position in Vita Coco by 16,538.1% in the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock valued at $99,000 after acquiring an additional 3,473 shares during the period. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on COCO shares. Jefferies Financial Group lowered their price objective on shares of Vita Coco from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Craig Hallum raised their target price 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. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.00.

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.