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 business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $35.70, for a total transaction of $178,500.00. Following the transaction, the chief executive officer now owns 407,152 shares in the company, valued at $14,535,326.40. This represents a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Vita Coco Trading Down 0.8 %

Shares of NASDAQ:COCO traded down $0.29 during trading on Wednesday, reaching $35.62. 265,548 shares of the stock were exchanged, compared to its average volume of 613,686. The Vita Coco Company, Inc. has a 12 month low of $19.41 and a 12 month high of $37.05. The stock has a 50-day moving average price of $31.19 and a 200-day moving average price of $28.38. The firm has a market cap of $2.02 billion, a PE ratio of 36.00, a PEG ratio of 2.37 and a beta of 0.22.

Vita Coco (NASDAQ:COCO) last posted 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 return on equity of 26.49% and a net margin of 11.99%. The firm had revenue of $133.00 million for the quarter, compared to analysts’ expectations of $138.56 million. During the same quarter last year, the business earned $0.26 EPS. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, sell-side analysts expect that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Vita Coco by 10.8% during the 1st quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company’s stock worth $58,032,000 after purchasing an additional 230,991 shares in the last quarter. American International Group Inc. raised its position in shares of Vita Coco by 30.7% in the 1st quarter. American International Group Inc. now owns 18,579 shares of the company’s stock valued at $454,000 after buying an additional 4,365 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Vita Coco during the 1st quarter worth approximately $263,000. Bayesian Capital Management LP boosted its position in shares of 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 in the last quarter. Finally, Janus Henderson Group PLC increased 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 valued at $736,000 after purchasing an additional 16,854 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum upped their price objective on Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Vita Coco has a consensus rating of “Moderate Buy” and an average price target of $31.00.

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.