The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth Sells 4,052 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 4,052 shares of Vita Coco stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $37.60, for a total transaction of $152,355.20. Following the transaction, the chief operating officer now owns 104,108 shares in the company, valued at $3,914,460.80. The trade was a 3.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, December 16th, Jonathan Burth sold 912 shares of Vita Coco stock. The shares were sold at an average price of $37.53, for a total value of $34,227.36.
• On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The stock was sold at an average price of $37.61, for a total value of $557,981.96.
• 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 value of $356,900.00.
• On Monday, October 28th, Jonathan Burth sold 1,400 shares of Vita Coco stock. The shares were sold at an average price of $30.04, for a total transaction of $42,056.00.

Vita Coco Stock Up 4.2 %

Shares of NASDAQ:COCO opened at $38.65 on Friday. The company’s 50-day moving average price is $35.81 and its 200 day moving average price is $30.74. The company has a market cap of $2.19 billion, a PE ratio of 39.04, a P/E/G ratio of 2.25 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 $38.91.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share 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 company had revenue of $133.00 million for the quarter, compared to analysts’ expectations of $138.56 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, equities analysts anticipate that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its holdings in Vita Coco by 42.2% in the second quarter. American Century Companies Inc. now owns 80,129 shares of the company’s stock worth $2,232,000 after purchasing an additional 23,761 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Vita Coco by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 776,469 shares of the company’s stock valued at $21,623,000 after acquiring an additional 156,033 shares during the period. Canada Pension Plan Investment Board bought a new stake in Vita Coco during the second quarter worth approximately $2,131,000. Sei Investments Co. lifted its position in Vita Coco by 134.0% in the second quarter. Sei Investments Co. now owns 78,330 shares of the company’s stock worth $2,181,000 after purchasing an additional 44,853 shares during the period. Finally, ProShare Advisors LLC bought a new position in Vita Coco during the 2nd quarter valued at $141,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COCO. Bank of America raised their price target on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company raised their target price on Vita Coco from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Finally, Craig Hallum boosted their price target on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.14.

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.