Key Points
- Director Kenneth Sadowsky sold 3,900 shares on Dec. 17 at an average price of $51.62 for $201,318, leaving him with 612,166 shares (a 0.63% decrease) valued at roughly $31.6M.
- This follows prior sales of 3,900 shares in both Oct. and Nov., suggesting a pattern of small, regular disposals while he remains a major insider holder.
- Company fundamentals and analyst sentiment are positive: Q3 EPS beat estimates and revenue rose 37.2% YoY, the stock trades near its 52‑week high with a ~ $3B market cap, and analysts have largely bumped up price targets to a consensus "Moderate Buy."
Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Director Kenneth Sadowsky sold 3,900 shares of the company's stock in a transaction that occurred on Wednesday, December 17th. The stock was sold at an average price of $51.62, for a total transaction of $201,318.00. Following the transaction, the director owned 612,166 shares in the company, valued at $31,600,008.92. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Kenneth Sadowsky also recently made the following trade(s):
- On Wednesday, November 19th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The shares were sold at an average price of $47.12, for a total transaction of $183,768.00.
- On Wednesday, October 15th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The stock was sold at an average price of $38.91, for a total transaction of $151,749.00.
Vita Coco Stock Performance
NASDAQ:COCO opened at $52.48 on Friday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 45.64, a P/E/G ratio of 1.71 and a beta of 0.37. The stock's fifty day moving average price is $46.57 and its two-hundred day moving average price is $40.29. Vita Coco Company, Inc. has a 52-week low of $25.79 and a 52-week high of $55.29.
Vita Coco (NASDAQ:COCO - Get Free Report) last released its earnings results on Wednesday, October 29th. The company reported $0.40 EPS for the quarter, beating 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 company had revenue of $182.31 million during the quarter, compared to analysts' expectations of $154.96 million. During the same period last year, the firm earned $0.32 EPS. The business's revenue for the quarter was up 37.2% on a year-over-year basis. On average, equities analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Morgan Stanley boosted their price objective on Vita Coco from $45.00 to $49.00 and gave the stock an "equal weight" rating in a report on Monday, November 17th. The Goldman Sachs Group lifted their price target on shares of Vita Coco from $52.00 to $58.00 and gave the stock a "buy" rating in a research report on Tuesday, November 18th. Bank of America upgraded shares of Vita Coco from a "neutral" rating to a "buy" rating and increased their price objective for the company from $48.00 to $54.00 in a report on Monday, November 17th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Vita Coco in a report on Monday. Finally, Evercore ISI upped their target price on shares of Vita Coco from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $51.88.
Read Our Latest Stock Analysis on COCO
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of COCO. Mariner LLC increased its stake in Vita Coco by 2.8% in the third quarter. Mariner LLC now owns 8,742 shares of the company's stock valued at $371,000 after purchasing an additional 236 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Vita Coco by 0.9% during the third quarter. Envestnet Asset Management Inc. now owns 33,541 shares of the company's stock worth $1,424,000 after purchasing an additional 298 shares in the last quarter. Schroder Investment Management Group grew its holdings in shares of Vita Coco by 3.2% in the 2nd quarter. Schroder Investment Management Group now owns 12,041 shares of the company's stock valued at $435,000 after buying an additional 376 shares during the period. Cim LLC increased its position in shares of Vita Coco by 3.8% in the 2nd quarter. Cim LLC now owns 13,904 shares of the company's stock valued at $502,000 after buying an additional 514 shares in the last quarter. Finally, Credit Agricole S A increased its position in shares of Vita Coco by 1.5% in the 1st quarter. Credit Agricole S A now owns 36,140 shares of the company's stock valued at $1,108,000 after buying an additional 521 shares in the last quarter. Institutional investors own 88.49% of the company's stock.
Vita Coco Company Profile
(
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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