Insider Selling: The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Sells 5,000 Shares of Stock

by · The Markets Daily

The Vita Coco Company, Inc. (NASDAQ:COCO – Get Free Report) CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $35.98, for a total value of $179,900.00. Following the transaction, the chief executive officer now owns 372,152 shares in the company, valued at approximately $13,390,028.96. The trade was a 1.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Vita Coco Trading Down 0.1 %

COCO traded down $0.03 on Monday, hitting $36.28. 281,885 shares of the company were exchanged, compared to its average volume of 606,653. The firm has a 50-day moving average price of $32.29 and a two-hundred day moving average price of $28.90. The Vita Coco Company, Inc. has a twelve month low of $19.41 and a twelve month high of $37.20. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 36.68, a price-to-earnings-growth ratio of 2.37 and a beta of 0.31.

Vita Coco (NASDAQ:COCO – Get Free Report) last released its earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The firm had revenue of $133.00 million for the quarter, compared to analyst estimates of $138.56 million. During the same period in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts expect that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COCO. Craig Hallum boosted their price target 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 target price on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Vita Coco presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.14.

Get Our Latest Report on Vita Coco

Institutional Investors Weigh In On Vita Coco

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC grew its stake in shares of 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 purchasing an additional 787 shares in the last quarter. Arizona State Retirement System lifted its holdings in Vita Coco by 9.5% during the 2nd quarter. Arizona State Retirement System now owns 11,107 shares of the company’s stock worth $309,000 after buying an additional 960 shares during the last quarter. US Bancorp DE boosted its position in shares of Vita Coco by 8.5% during the 3rd quarter. US Bancorp DE now owns 14,968 shares of the company’s stock worth $424,000 after acquiring an additional 1,178 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Vita Coco by 7.2% in the 3rd quarter. Captrust Financial Advisors now owns 21,291 shares of the company’s stock valued at $603,000 after acquiring an additional 1,433 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Vita Coco by 25.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock worth $199,000 after acquiring an additional 1,434 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Vita Coco Company Profile

(Get Free Report)

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.

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