The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth Sells 912 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 912 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $37.53, for a total value of $34,227.36. Following the transaction, the chief operating officer now owns 104,108 shares in the company, valued at approximately $3,907,173.24. This represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jonathan Burth also recently made the following trade(s):

• On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The shares were sold at an average price of $37.61, for a total transaction of $557,981.96.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $35.69, for a total transaction of $356,900.00.
• On Monday, October 28th, Jonathan Burth sold 1,400 shares of Vita Coco stock. The stock was sold at an average price of $30.04, for a total transaction of $42,056.00.
• On Tuesday, October 22nd, Jonathan Burth sold 905 shares of Vita Coco stock. The shares were sold at an average price of $30.04, for a total value of $27,186.20.
• On Wednesday, October 16th, Jonathan Burth sold 400 shares of Vita Coco stock. The shares were sold at an average price of $30.00, for a total transaction of $12,000.00.
• On Monday, September 30th, Jonathan Burth sold 2,244 shares of Vita Coco stock. The shares were sold at an average price of $30.01, for a total transaction of $67,342.44.

Vita Coco Stock Performance

Shares of Vita Coco stock traded down $0.51 during trading hours on Wednesday, reaching $35.68. 467,890 shares of the company were exchanged, compared to its average volume of 600,391. The Vita Coco Company, Inc. has a 1 year low of $19.41 and a 1 year high of $37.88. The firm has a market cap of $2.02 billion, a PE ratio of 36.04, a PEG ratio of 2.42 and a beta of 0.31. The stock’s fifty day moving average is $33.47 and its 200 day moving average is $29.36.

Vita Coco (NASDAQ:COCO) last issued its earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, beating 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 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 company earned $0.26 earnings per share. The firm’s revenue was down 3.6% compared to the same quarter last year. Research analysts expect that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Institutional Trading of Vita Coco

A number of institutional investors have recently bought and sold shares of the business. Wasatch Advisors LP raised its position in shares of Vita Coco by 299.0% during the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock worth $67,972,000 after acquiring an additional 1,799,168 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Vita Coco by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock worth $29,494,000 after buying an additional 101,823 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Vita Coco by 106.4% during the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock worth $25,358,000 after buying an additional 461,748 shares during the last quarter. State Street Corp boosted its holdings in shares of Vita Coco by 4.7% in the 3rd quarter. State Street Corp now owns 876,774 shares of the company’s stock valued at $24,821,000 after buying an additional 39,431 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Vita Coco by 25.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 776,469 shares of the company’s stock valued at $21,623,000 after buying an additional 156,033 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COCO has been the subject of several research reports. Craig Hallum lifted their target price on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Bank of America lifted their price objective on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $32.14.

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.