The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Sells $179,900.00 in Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of the stock in a transaction on Friday, December 6th. The shares were sold at an average price of $35.98, for a total transaction of $179,900.00. Following the sale, the chief executive officer now directly owns 372,152 shares of the company’s stock, valued at $13,390,028.96. The trade was a 1.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Vita Coco Stock Up 0.2 %

COCO opened at $36.35 on Wednesday. The Vita Coco Company, Inc. has a 52 week low of $19.41 and a 52 week high of $37.20. The stock has a market cap of $2.06 billion, a PE ratio of 36.72, a PEG ratio of 2.37 and a beta of 0.31. The business has a 50 day moving average of $32.62 and a 200-day moving average of $29.04.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently made changes to their positions in COCO. Price T Rowe Associates Inc. MD purchased a new stake in shares of Vita Coco in the 1st quarter worth approximately $263,000. California State Teachers Retirement System raised its stake in Vita Coco by 14.3% during the first quarter. California State Teachers Retirement System now owns 37,001 shares of the company’s stock valued at $904,000 after buying an additional 4,634 shares during the last quarter. Comerica Bank boosted its holdings in Vita Coco by 1,155.7% in the first quarter. Comerica Bank now owns 3,993 shares of the company’s stock worth $98,000 after acquiring an additional 3,675 shares in the last quarter. CWM LLC grew its stake in shares of Vita Coco by 40.7% in the second quarter. CWM LLC now owns 2,720 shares of the company’s stock worth $76,000 after acquiring an additional 787 shares during the last quarter. Finally, Diversified Trust Co bought a new position in shares of Vita Coco during the second quarter valued at $313,000. Institutional investors own 88.49% of the company’s stock.

About Vita Coco

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.