The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Sells $178,500.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $35.70, for a total transaction of $178,500.00. Following the sale, the chief executive officer now directly owns 407,152 shares of the company’s stock, valued at approximately $14,535,326.40. This trade represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Vita Coco Stock Down 0.8 %

Shares of COCO stock opened at $35.62 on Thursday. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 35.98, a price-to-earnings-growth ratio of 2.37 and a beta of 0.22. The Vita Coco Company, Inc. has a 12-month low of $19.41 and a 12-month high of $37.05. The firm has a fifty day moving average of $31.33 and a 200-day moving average of $28.43.

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

Institutional Trading of Vita Coco

A number of large investors have recently bought and sold shares of the business. TT International Asset Management LTD lifted its stake in Vita Coco by 1,643.7% in the third quarter. TT International Asset Management LTD now owns 181,188 shares of the company’s stock valued at $5,129,000 after buying an additional 170,797 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Vita Coco by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock worth $29,494,000 after acquiring an additional 101,823 shares during the period. Barclays PLC lifted its position in Vita Coco by 200.6% in the 3rd quarter. Barclays PLC now owns 69,504 shares of the company’s stock valued at $1,969,000 after acquiring an additional 46,385 shares in the last quarter. XTX Topco Ltd acquired a new position in Vita Coco in the 3rd quarter worth $348,000. Finally, Wellington Management Group LLP bought a new position in Vita Coco during the 3rd quarter worth about $2,621,000. 88.49% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Craig Hallum upped 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target 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.