Martin F. Roper Sells 5,000 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $35.70, for a total value of $178,500.00. Following the sale, the chief executive officer now directly owns 407,152 shares in the company, valued at $14,535,326.40. This represents a 1.21 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Vita Coco Stock Performance

Shares of COCO opened at $35.62 on Friday. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 35.98, a PEG ratio of 2.37 and a beta of 0.22. The Vita Coco Company, Inc. has a 52 week low of $19.41 and a 52 week high of $37.05. The stock has a fifty day moving average of $31.47 and a 200-day moving average of $28.48.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.06. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. 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 firm posted $0.26 earnings per share. Vita Coco’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities analysts forecast that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Craig Hallum raised their price target on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Vita Coco has a consensus rating of “Moderate Buy” and an average price target of $31.00.

Hedge Funds Weigh In On Vita Coco

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in Vita Coco by 10.8% in the 1st quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company’s stock valued at $58,032,000 after acquiring an additional 230,991 shares in the last quarter. American International Group Inc. grew its holdings in Vita Coco by 30.7% during the first quarter. American International Group Inc. now owns 18,579 shares of the company’s stock worth $454,000 after buying an additional 4,365 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in Vita Coco in the 1st quarter valued at $263,000. Bayesian Capital Management LP boosted its holdings in Vita Coco by 81.8% during the 1st quarter. Bayesian Capital Management LP now owns 18,056 shares of the company’s stock worth $441,000 after acquiring an additional 8,125 shares during the last quarter. Finally, Janus Henderson Group PLC grew its stake in shares of Vita Coco by 126.9% in the 1st quarter. Janus Henderson Group PLC now owns 30,131 shares of the company’s stock worth $736,000 after acquiring an additional 16,854 shares in 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.