Key Points
- Vita Coco CEO Martin Roper sold 25,000 shares on April 16 at an average price of $50, reducing his ownership by 7.73% to 298,484 shares valued at $14,924,200, as disclosed in an SEC filing.
- The April sales were part of a string of early-April dispositions — about 104,456 shares sold for roughly $5.25 million in total — executed under a pre-arranged Rule 10b5-1 trading plan.
- Vita Coco recently reported Q results that missed EPS estimates ($0.09 vs. $0.13) but beat revenue estimates ($127.79M vs. $117.8M); the stock has a $2.76B market cap, a 1-year range of $29.74–$61.39, and a consensus rating of "Moderate Buy" with an average target of $59.43.
Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin Roper sold 25,000 shares of the firm's stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. Following the transaction, the chief executive officer owned 298,484 shares of the company's stock, valued at $14,924,200. This trade represents a 7.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Martin Roper also recently made the following trade(s):
- On Tuesday, April 14th, Martin Roper sold 25,000 shares of Vita Coco stock. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00.
- On Monday, April 13th, Martin Roper sold 4,456 shares of Vita Coco stock. The stock was sold at an average price of $50.55, for a total value of $225,250.80.
- On Friday, April 10th, Martin Roper sold 25,000 shares of Vita Coco stock. The stock was sold at an average price of $50.11, for a total value of $1,252,750.00.
- On Wednesday, April 8th, Martin Roper sold 25,000 shares of Vita Coco stock. The stock was sold at an average price of $50.95, for a total value of $1,273,750.00.
Vita Coco Price Performance
Shares of COCO opened at $48.32 on Friday. Vita Coco Company, Inc. has a 1 year low of $29.74 and a 1 year high of $61.39. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 40.95, a price-to-earnings-growth ratio of 1.52 and a beta of 0.47. The business has a 50-day moving average of $53.25 and a 200-day moving average of $50.55.
Vita Coco (NASDAQ:COCO - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.04). Vita Coco had a return on equity of 23.19% and a net margin of 11.70%.The business had revenue of $127.79 million for the quarter, compared to analyst estimates of $117.80 million. During the same period in the prior year, the business earned $0.06 EPS. The company's revenue for the quarter was up .4% on a year-over-year basis. As a group, sell-side analysts anticipate that Vita Coco Company, Inc. will post 1.07 EPS for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Evercore reaffirmed an "outperform" rating and set a $70.00 target price on shares of Vita Coco in a research note on Thursday, March 12th. Morgan Stanley raised their target price on Vita Coco from $49.00 to $57.00 and gave the stock an "equal weight" rating in a research note on Monday, February 23rd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Vita Coco in a research note on Friday, March 27th. Zacks Research cut Vita Coco from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 16th. Finally, Wells Fargo & Company decreased their target price on Vita Coco from $63.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, April 8th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $59.43.
Get Our Latest Stock Analysis on COCO
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. New York State Common Retirement Fund boosted its position in shares of Vita Coco by 10.3% during the third quarter. New York State Common Retirement Fund now owns 511,031 shares of the company's stock valued at $21,703,000 after buying an additional 47,632 shares during the last quarter. Westfield Capital Management Co. LP purchased a new position in shares of Vita Coco during the third quarter valued at approximately $45,135,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Vita Coco during the third quarter valued at approximately $2,230,000. Harbor Capital Advisors Inc. purchased a new position in shares of Vita Coco during the third quarter valued at approximately $821,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Vita Coco during the third quarter valued at approximately $62,815,000. Hedge funds and other institutional investors own 88.49% of the company's stock.
Vita Coco Company Profile
(
Get Free Report)
Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.
The company's flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.
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