The Vita Coco Company, Inc. (NASDAQ:COCO) COO Sells $557,981.96 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 14,836 shares of Vita Coco stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.61, for a total transaction of $557,981.96. Following the transaction, the chief operating officer now directly owns 105,417 shares of the company’s stock, valued at $3,964,733.37. This represents a 12.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The stock was sold at an average price of $35.69, for a total transaction of $356,900.00.
• On Monday, October 28th, Jonathan Burth sold 1,400 shares of Vita Coco stock. The stock was sold at an average price of $30.04, for a total value of $42,056.00.
• 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 value 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 value 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 Price Performance

Shares of NASDAQ COCO opened at $36.19 on Wednesday. The company’s 50 day simple moving average is $33.31 and its 200 day simple moving average is $29.31. The firm has a market capitalization of $2.05 billion, a P/E ratio of 36.56, a P/E/G ratio of 2.42 and a beta of 0.31. The Vita Coco Company, Inc. has a fifty-two week low of $19.41 and a fifty-two week high of $37.88.

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

Institutional Trading of Vita Coco

A number of hedge funds have recently modified their holdings of the company. Lord Abbett & CO. LLC grew its holdings in Vita Coco by 21.1% during the third quarter. Lord Abbett & CO. LLC now owns 460,416 shares of the company’s stock valued at $13,034,000 after purchasing an additional 80,128 shares during the period. TT International Asset Management LTD boosted its position in shares of Vita Coco by 1,643.7% during the third quarter. TT International Asset Management LTD now owns 181,188 shares of the company’s stock worth $5,129,000 after purchasing an additional 170,797 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Vita Coco by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock valued at $29,494,000 after buying an additional 101,823 shares in the last quarter. Barclays PLC raised its stake in Vita Coco by 200.6% during the 3rd quarter. Barclays PLC now owns 69,504 shares of the company’s stock worth $1,969,000 after buying an additional 46,385 shares during the period. Finally, XTX Topco Ltd acquired a new position in Vita Coco in the third quarter valued at about $348,000. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have weighed in on COCO shares. Craig Hallum raised their price objective 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. Bank of America increased their price target on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $32.14.

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.