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

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of the stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $35.07, for a total value of $175,350.00. Following the sale, the chief executive officer now directly owns 437,152 shares of the company’s stock, valued at approximately $15,330,920.64. The trade was a 1.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Vita Coco Trading Up 3.7 %

Vita Coco stock opened at $36.80 on Thursday. The company has a fifty day simple moving average of $30.27 and a 200 day simple moving average of $28.03. The company has a market cap of $2.09 billion, a P/E ratio of 37.17, a price-to-earnings-growth ratio of 2.32 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 $36.84.

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 the consensus estimate of $0.26 by $0.06. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The firm 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 earned $0.26 EPS. The business’s quarterly revenue was down 3.6% on a year-over-year basis. On average, equities research analysts forecast that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group lowered their price objective on shares of Vita Coco from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Craig Hallum increased their target price on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a report 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $31.00.

Institutional Investors Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently modified their holdings of COCO. CWM LLC lifted its position in Vita Coco by 40.7% during the second 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. Ameritas Investment Partners Inc. grew its stake in shares of Vita Coco by 32.3% in the first quarter. Ameritas Investment Partners Inc. now owns 3,760 shares of the company’s stock valued at $92,000 after acquiring an additional 919 shares in the last quarter. Arizona State Retirement System grew its stake in shares of Vita Coco by 9.5% in the second quarter. Arizona State Retirement System now owns 11,107 shares of the company’s stock valued at $309,000 after acquiring an additional 960 shares in the last quarter. US Bancorp DE increased its position in 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 acquiring an additional 1,178 shares during the period. Finally, Captrust Financial Advisors raised its position 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. 88.49% of the stock is owned by 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.