Key Points
- Director Kenneth Sadowsky sold 3,900 shares of Vita Coco on Nov. 19 at an average price of $47.12 for $183,768, leaving him with 616,066 shares (a 0.63% decrease); he also executed identical 3,900-share sales in September and October.
- Vita Coco reported a strong quarter, beating EPS estimates with $0.40 vs. $0.32 and posting revenue of $182.3M (up 37.2% year-over-year), and has issued FY2025 guidance.
- Stock and analyst sentiment: COCO rose about 3.6% to $47.89, carries a market cap of ~$2.73B, and has a consensus "Moderate Buy" rating with a $50.38 target.
Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Director Kenneth Sadowsky sold 3,900 shares of the stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $47.12, for a total transaction of $183,768.00. Following the sale, the director owned 616,066 shares in the company, valued at $29,029,029.92. This represents a 0.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Kenneth Sadowsky also recently made the following trade(s):
- On Wednesday, October 15th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The shares were sold at an average price of $38.91, for a total transaction of $151,749.00.
- On Wednesday, September 17th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The shares were sold at an average price of $40.03, for a total value of $156,117.00.
Vita Coco Stock Up 3.6%
Shares of COCO stock traded up $1.67 during mid-day trading on Friday, reaching $47.89. 108,701 shares of the stock traded hands, compared to its average volume of 804,841. The stock's fifty day simple moving average is $41.77 and its two-hundred day simple moving average is $37.80. Vita Coco Company, Inc. has a 1-year low of $25.79 and a 1-year high of $50.50. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 41.47, a price-to-earnings-growth ratio of 1.58 and a beta of 0.39.
Vita Coco (NASDAQ:COCO - Get Free Report) last announced its earnings results on Wednesday, October 29th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.32 by $0.08. Vita Coco had a return on equity of 25.08% and a net margin of 11.35%.The firm had revenue of $182.31 million for the quarter, compared to the consensus estimate of $154.96 million. During the same period in the previous year, the business earned $0.32 EPS. The business's quarterly revenue was up 37.2% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in Vita Coco by 6.2% in the first quarter. Bank of New York Mellon Corp now owns 133,572 shares of the company's stock valued at $4,094,000 after acquiring an additional 7,788 shares during the last quarter. CWM LLC increased its position in Vita Coco by 14.7% during the 1st quarter. CWM LLC now owns 2,868 shares of the company's stock valued at $88,000 after purchasing an additional 367 shares during the period. Victory Capital Management Inc. lifted its holdings in Vita Coco by 62.2% in the first quarter. Victory Capital Management Inc. now owns 645,225 shares of the company's stock worth $19,776,000 after buying an additional 247,339 shares during the period. US Bancorp DE boosted its position in shares of Vita Coco by 7.5% during the first quarter. US Bancorp DE now owns 5,247 shares of the company's stock valued at $161,000 after purchasing an additional 364 shares in the last quarter. Finally, Commerce Bank grew its position in shares of Vita Coco by 15.2% in the 1st quarter. Commerce Bank now owns 10,625 shares of the company's stock worth $326,000 after buying an additional 1,405 shares during the period. 88.49% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
COCO has been the topic of several research reports. Piper Sandler set a $47.00 price objective on shares of Vita Coco and gave the stock an "overweight" rating in a report on Wednesday, October 29th. Wells Fargo & Company upped their target price on shares of Vita Coco from $47.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday, October 30th. Bank of America raised shares of Vita Coco from a "neutral" rating to a "buy" rating and raised their price target for the company from $48.00 to $54.00 in a research report on Monday. Zacks Research raised Vita Coco from a "strong sell" rating to a "hold" rating in a report on Friday, November 7th. Finally, Needham & Company LLC started coverage on Vita Coco in a research report on Wednesday, September 24th. They set a "hold" rating on the stock. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Vita Coco presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.38.
Get Our Latest Stock Analysis on COCO
About Vita Coco
(
Get Free Report)
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.
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