The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth Sells 10,000 Shares

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 10,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $35.69, for a total value of $356,900.00. Following the completion of the sale, the chief operating officer now owns 106,849 shares of the company’s stock, valued at approximately $3,813,440.81. The trade was a 8.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Jonathan Burth also recently made the following trade(s):

• On Monday, October 28th, Jonathan Burth sold 1,400 shares of Vita Coco stock. The stock was sold at an average price of $30.04, for a total transaction of $42,056.00.
• On Tuesday, October 22nd, Jonathan Burth sold 905 shares of Vita Coco stock. The stock was sold at an average price of $30.04, for a total transaction of $27,186.20.
• On Wednesday, October 16th, Jonathan Burth sold 400 shares of Vita Coco stock. The stock was sold at an average price of $30.00, for a total value of $12,000.00.
• On Monday, September 30th, Jonathan Burth sold 2,244 shares of Vita Coco stock. The shares were sold at an average price of $30.01, for a total value of $67,342.44.

Vita Coco Price Performance

NASDAQ:COCO opened at $36.04 on Friday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 36.40, a PEG ratio of 2.33 and a beta of 0.31. The Vita Coco Company, Inc. has a 1 year low of $19.41 and a 1 year high of $37.20. The stock’s 50 day simple moving average is $32.16 and its two-hundred day simple moving average is $28.80.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings results 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. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The company had revenue of $133.00 million for the quarter, compared to analysts’ expectations of $138.56 million. During the same quarter in the previous year, the business posted $0.26 earnings per share. Vita Coco’s quarterly revenue was down 3.6% on a year-over-year basis. As a group, analysts anticipate that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Institutional Trading of Vita Coco

Several hedge funds have recently made changes to their positions in COCO. Vanguard Group Inc. increased its stake in Vita Coco by 10.8% during the first quarter. Vanguard Group Inc. now owns 2,375,421 shares of the company’s stock worth $58,032,000 after acquiring an additional 230,991 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in Vita Coco during the 1st quarter valued at $263,000. Janus Henderson Group PLC lifted its position in Vita Coco by 126.9% in the first quarter. Janus Henderson Group PLC now owns 30,131 shares of the company’s stock worth $736,000 after buying an additional 16,854 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Vita Coco during the first quarter worth $305,000. Finally, California State Teachers Retirement System increased its position in Vita Coco by 14.3% during the first quarter. California State Teachers Retirement System now owns 37,001 shares of the company’s stock valued at $904,000 after acquiring an additional 4,634 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

About Vita Coco

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.