Insider Selling: Vita Coco (NASDAQ:COCO) Director Sells 10,000 Shares of Stock

Vita Coco Company, Inc. (NASDAQ:COCO) Director John Zupo sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $43.72, for a total transaction of $437,200.00. Following the completion of the sale, the director directly owned 12,162 shares of the company’s stock, valued at approximately $531,722.64. This represents a 45.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Vita Coco Stock Performance

Shares of NASDAQ COCO traded up $1.58 during midday trading on Monday, hitting $45.43. 2,647,224 shares of the company traded hands, compared to its average volume of 810,389. Vita Coco Company, Inc. has a 12-month low of $25.79 and a 12-month high of $50.50. The firm has a market cap of $2.59 billion, a P/E ratio of 39.50, a P/E/G ratio of 2.74 and a beta of 0.39. The stock has a 50-day moving average price of $41.15 and a 200 day moving average price of $37.50.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.32 by $0.08. Vita Coco had a net margin of 11.35% and a return on equity of 25.08%. The business had revenue of $182.31 million during the quarter, compared to analyst estimates of $154.96 million. During the same period last year, the business posted $0.32 earnings per share. Vita Coco’s quarterly revenue was up 37.2% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on COCO. Morgan Stanley upped their price target on Vita Coco from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Monday. Bank of America upgraded shares of Vita Coco from a “neutral” rating to a “buy” rating and boosted their target price for the company from $48.00 to $54.00 in a report on Monday. Evercore ISI increased their price target on shares of Vita Coco from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday. Jefferies Financial Group boosted their price objective on shares of Vita Coco from $54.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Wells Fargo & Company upped their price objective on shares of Vita Coco from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Vita Coco currently has an average rating of “Moderate Buy” and a consensus price target of $49.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mariner LLC grew its holdings in shares of Vita Coco by 2.8% during the third quarter. Mariner LLC now owns 8,742 shares of the company’s stock valued at $371,000 after buying an additional 236 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Vita Coco by 0.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 33,541 shares of the company’s stock valued at $1,424,000 after purchasing an additional 298 shares during the last quarter. US Bancorp DE boosted its stake in Vita Coco by 7.5% during the 1st quarter. US Bancorp DE now owns 5,247 shares of the company’s stock valued at $161,000 after purchasing an additional 364 shares during the last quarter. CWM LLC increased its holdings in shares of Vita Coco by 14.7% in the 1st quarter. CWM LLC now owns 2,868 shares of the company’s stock worth $88,000 after purchasing an additional 367 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in shares of Vita Coco by 3.2% in the second quarter. Schroder Investment Management Group now owns 12,041 shares of the company’s stock worth $435,000 after purchasing an additional 376 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

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.