Martin F. Roper Sells 5,000 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $35.70, for a total transaction of $178,500.00. Following the completion of the sale, the chief executive officer now owns 407,152 shares in the company, valued at approximately $14,535,326.40. The trade was a 1.21 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Vita Coco Trading Down 0.8 %

NASDAQ:COCO traded down $0.29 during mid-day trading on Wednesday, hitting $35.62. 265,548 shares of the company’s stock were exchanged, compared to its average volume of 613,686. The Vita Coco Company, Inc. has a fifty-two week low of $19.41 and a fifty-two week high of $37.05. The company has a 50 day simple moving average of $31.19 and a 200-day simple moving average of $28.38. The firm has a market capitalization of $2.02 billion, a P/E ratio of 36.00, a PEG ratio of 2.37 and a beta of 0.22.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.06. The company had revenue of $133.00 million for the quarter, compared to analysts’ expectations of $138.56 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. Vita Coco’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. As a group, analysts expect that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum raised their target price on shares of Vita Coco from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.00.

Institutional Investors Weigh In On Vita Coco

Several institutional investors and hedge funds have recently made changes to their positions in COCO. TT International Asset Management LTD boosted its stake in shares of Vita Coco by 1,643.7% in the 3rd quarter. TT International Asset Management LTD now owns 181,188 shares of the company’s stock valued at $5,129,000 after purchasing an additional 170,797 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Vita Coco by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock valued at $29,494,000 after purchasing an additional 101,823 shares during the period. Barclays PLC boosted its position in shares of Vita Coco by 200.6% during the 3rd quarter. Barclays PLC now owns 69,504 shares of the company’s stock valued at $1,969,000 after purchasing an additional 46,385 shares in the last quarter. XTX Topco Ltd bought a new stake in Vita Coco in the third quarter worth approximately $348,000. Finally, Wellington Management Group LLP acquired a new position in Vita Coco in the third quarter valued at approximately $2,621,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Vita Coco Company Profile

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.