Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin Roper sold 25,000 shares of the business's stock in a transaction that occurred on Friday, April 24th. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00. Following the completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Monday, April 27th, Martin Roper sold 25,000 shares of Vita Coco stock. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00.
- On Thursday, April 16th, Martin Roper sold 25,000 shares of Vita Coco stock. The stock was sold at an average price of $50.00, for a total transaction of $1,250,000.00.
- 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 transaction 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 transaction 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 transaction 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 transaction of $1,273,750.00.
Vita Coco Price Performance
COCO stock opened at $51.63 on Wednesday. The company has a 50 day moving average price of $52.08 and a 200 day moving average price of $50.98. Vita Coco Company, Inc. has a fifty-two week low of $29.82 and a fifty-two week high of $61.39. The stock has a market capitalization of $2.94 billion, a PE ratio of 43.75, a price-to-earnings-growth ratio of 1.62 and a beta of 0.47.
Vita Coco (NASDAQ:COCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.09 earnings per share 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 company had revenue of $127.79 million during the quarter, compared to the consensus estimate of $117.80 million. During the same quarter last year, the firm earned $0.06 EPS. The business's revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts expect that Vita Coco Company, Inc. will post 1.58 earnings per share for the current fiscal year.
Institutional Trading of Vita Coco
Several institutional investors and hedge funds have recently made changes to their positions in the business. Moran Wealth Management LLC grew its holdings in shares of Vita Coco by 219.0% in the 1st quarter. Moran Wealth Management LLC now owns 72,167 shares of the company's stock valued at $3,458,000 after buying an additional 49,546 shares during the period. Capricorn Fund Managers Ltd acquired a new position in shares of Vita Coco in the 1st quarter valued at $4,551,000. Wasatch Advisors LP grew its holdings in shares of Vita Coco by 80.3% in the 1st quarter. Wasatch Advisors LP now owns 3,675,489 shares of the company's stock valued at $176,093,000 after buying an additional 1,637,437 shares during the period. SG Americas Securities LLC grew its holdings in shares of Vita Coco by 93.3% in the 1st quarter. SG Americas Securities LLC now owns 46,274 shares of the company's stock valued at $2,217,000 after buying an additional 22,334 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in shares of Vita Coco by 265.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,319 shares of the company's stock valued at $70,000 after buying an additional 958 shares during the period. Institutional investors own 88.49% of the company's stock.
Analyst Upgrades and Downgrades
COCO has been the subject of several recent research reports. Zacks Research cut shares of Vita Coco from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. Evercore reiterated an "outperform" rating and set a $70.00 target price on shares of Vita Coco in a research report on Thursday, March 12th. Wall Street Zen cut shares of Vita Coco from a "hold" rating to a "sell" rating in a research report on Saturday, April 4th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Vita Coco in a research report on Friday, March 27th. Finally, Morgan Stanley upped their target price on shares of Vita Coco from $49.00 to $57.00 and gave the company an "equal weight" rating in a research report on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $59.43.
Read Our Latest Report on COCO
About Vita Coco
(
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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