Vita Coco (NASDAQ:COCO) CEO Martin Roper Sells 4,456 Shares

Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin Roper sold 4,456 shares of the company’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $50.55, for a total value of $225,250.80. Following the completion of the transaction, the chief executive officer directly owned 298,484 shares of the company’s stock, valued at $15,088,366.20. This represents a 1.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Martin Roper also recently made the following trade(s):

• On Friday, April 10th, Martin Roper sold 25,000 shares of Vita Coco stock. The shares were sold at an average price of $50.11, for a total value of $1,252,750.00.
• On Wednesday, April 8th, Martin Roper sold 25,000 shares of Vita Coco stock. The shares were sold at an average price of $50.95, for a total value of $1,273,750.00.

Vita Coco Stock Performance

Shares of Vita Coco stock traded up $1.24 on Tuesday, hitting $49.63. The stock had a trading volume of 943,458 shares, compared to its average volume of 1,630,148. The stock has a 50 day moving average of $53.74 and a 200 day moving average of $50.53. Vita Coco Company, Inc. has a twelve month low of $29.74 and a twelve month high of $61.39. The firm has a market capitalization of $2.83 billion, a P/E ratio of 42.06, a PEG ratio of 1.52 and a beta of 0.47.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Wednesday, February 18th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). The firm had revenue of $127.79 million during the quarter, compared to analyst estimates of $117.80 million. Vita Coco had a net margin of 11.70% and a return on equity of 23.19%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. Equities analysts expect that Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

COCO has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on shares of Vita Coco from $63.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Morgan Stanley increased their target price on shares of Vita Coco from $49.00 to $57.00 and gave the company an “equal weight” rating in a research report on Monday, February 23rd. Wall Street Zen downgraded shares of Vita Coco from a “hold” rating to a “sell” rating in a research report on Saturday, April 4th. Evercore reissued an “outperform” rating and set a $70.00 target price on shares of Vita Coco in a research report on Thursday, March 12th. Finally, Zacks Research downgraded shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.43.

Hedge Funds Weigh In On Vita Coco

Institutional investors and hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Vita Coco by 2,636.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock worth $28,000 after buying an additional 501 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in shares of Vita Coco by 22,500.0% during the 3rd quarter. Clearstead Advisors LLC now owns 678 shares of the company’s stock worth $29,000 after buying an additional 675 shares in the last quarter. Quarry LP boosted its holdings in shares of Vita Coco by 12,633.3% during the 3rd quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after buying an additional 758 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Vita Coco by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock worth $60,000 after buying an additional 227 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Vita Coco during the 3rd quarter worth approximately $54,000. 88.49% of the stock is currently owned by institutional investors.

About Vita Coco

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.