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 firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $36.53, for a total transaction of $182,650.00. Following the completion of the transaction, the chief executive officer now directly owns 357,152 shares in the company, valued at approximately $13,046,762.56. This represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Vita Coco Price Performance

Shares of Vita Coco stock opened at $36.72 on Friday. The firm has a market cap of $2.08 billion, a PE ratio of 37.09, a P/E/G ratio of 2.42 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 $37.88. The stock has a fifty day moving average price of $33.12 and a 200-day moving average price of $29.24.

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

Institutional Trading of Vita Coco

Institutional investors have recently added to or reduced their stakes in the stock. Lord Abbett & CO. LLC grew its position in Vita Coco by 21.1% during the third quarter. Lord Abbett & CO. LLC now owns 460,416 shares of the company’s stock worth $13,034,000 after buying an additional 80,128 shares in the last quarter. TT International Asset Management LTD grew its holdings 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 grew 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 purchasing an additional 101,823 shares in the last quarter. Barclays PLC increased its position in shares of Vita Coco by 200.6% in the third quarter. Barclays PLC now owns 69,504 shares of the company’s stock worth $1,969,000 after purchasing an additional 46,385 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in Vita Coco in the third quarter valued at approximately $348,000. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on COCO shares. Craig Hallum raised their price target on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Bank of America boosted their target price on shares of Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Vita Coco has an average rating of “Moderate Buy” and a consensus target price of $32.14.

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.