Vita Coco (NASDAQ:COCO) Insider Es Charles Van Sells 8,045 Shares

by · The Markets Daily

Vita Coco Company, Inc. (NASDAQ:COCO – Get Free Report) insider Es Charles Van sold 8,045 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $75.05, for a total value of $603,777.25. Following the completion of the sale, the insider owned 59,085 shares of the company’s stock, valued at $4,434,329.25. This trade represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Es Charles Van also recently made the following trade(s):

  • On Friday, May 8th, Es Charles Van sold 8,561 shares of Vita Coco stock. The stock was sold at an average price of $70.00, for a total value of $599,270.00.
  • On Friday, May 1st, Es Charles Van sold 2,000 shares of Vita Coco stock. The stock was sold at an average price of $66.87, for a total value of $133,740.00.
  • On Wednesday, April 1st, Es Charles Van sold 2,000 shares of Vita Coco stock. The stock was sold at an average price of $48.67, for a total value of $97,340.00.
  • On Monday, March 16th, Es Charles Van sold 2,000 shares of Vita Coco stock. The stock was sold at an average price of $57.98, for a total value of $115,960.00.

Vita Coco Stock Down 0.5%

COCO traded down $0.38 during trading on Tuesday, reaching $74.62. The stock had a trading volume of 687,301 shares, compared to its average volume of 1,105,598. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 54.59, a price-to-earnings-growth ratio of 1.80 and a beta of 0.74. Vita Coco Company, Inc. has a 1-year low of $31.79 and a 1-year high of $79.70. The stock has a 50 day moving average of $60.46 and a two-hundred day moving average of $56.10.

Vita Coco (NASDAQ:COCO – Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.16. The firm had revenue of $179.77 million during the quarter, compared to the consensus estimate of $148.39 million. Vita Coco had a return on equity of 25.43% and a net margin of 12.59%.The firm’s revenue for the quarter was up 37.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, research analysts forecast that Vita Coco Company, Inc. will post 1.76 EPS for the current fiscal year.

Institutional Trading of Vita Coco

Large investors have recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP acquired a new stake in Vita Coco during the 3rd quarter valued at $45,135,000. Vanguard Group Inc. raised its stake in Vita Coco by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 3,149,584 shares of the company’s stock valued at $166,959,000 after purchasing an additional 237,510 shares during the period. Night Squared LP acquired a new stake in Vita Coco during the 3rd quarter valued at $5,193,000. American Century Companies Inc. raised its stake in Vita Coco by 648.0% during the 3rd quarter. American Century Companies Inc. now owns 647,257 shares of the company’s stock valued at $27,489,000 after purchasing an additional 560,729 shares during the period. Finally, Maven Securities LTD acquired a new stake in Vita Coco during the 3rd quarter valued at $1,062,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on COCO shares. Weiss Ratings raised Vita Coco from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. Wall Street Zen raised Vita Coco from a “sell” rating to a “buy” rating in a report on Saturday, May 2nd. Jefferies Financial Group upped their price target on Vita Coco from $63.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Citigroup reaffirmed a “buy” rating on shares of Vita Coco in a report on Tuesday, May 26th. Finally, Evercore reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Vita Coco in a report on Thursday, March 12th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Vita Coco presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.43.

Read Our Latest Analysis on Vita Coco

Vita Coco Company Profile

(Get Free Report)

Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.

The company’s flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.

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