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

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $32.69, for a total transaction of $326,900.00. Following the completion of the transaction, the chief operating officer now directly owns 94,108 shares in the company, valued at approximately $3,076,390.52. This represents a 9.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, February 14th, Jonathan Burth sold 700 shares of Vita Coco stock. The shares were sold at an average price of $40.25, for a total transaction of $28,175.00.
• On Wednesday, February 12th, Jonathan Burth sold 400 shares of Vita Coco stock. The shares were sold at an average price of $40.01, for a total transaction of $16,004.00.
• On Wednesday, January 22nd, Jonathan Burth sold 4,052 shares of Vita Coco stock. The shares were sold at an average price of $37.60, for a total transaction of $152,355.20.
• On Monday, December 16th, Jonathan Burth sold 912 shares of Vita Coco stock. The shares were sold at an average price of $37.53, for a total transaction of $34,227.36.
• On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The shares were sold at an average price of $37.61, for a total transaction of $557,981.96.

Vita Coco Price Performance

COCO opened at $32.16 on Friday. The Vita Coco Company, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $40.32. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 2.25 and a beta of 0.34. The company’s 50 day moving average price is $36.35 and its two-hundred day moving average price is $32.90.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on COCO. Stephens lowered shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price target on the stock. in a report on Monday, January 27th. Wells Fargo & Company decreased their price target on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. Bank of America lifted their price target on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Vita Coco from $34.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Vita Coco has an average rating of “Moderate Buy” and an average price target of $35.14.

Institutional Investors Weigh In On Vita Coco

A number of institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP lifted its position in shares of Vita Coco by 17.8% in the 4th quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company’s stock worth $104,414,000 after purchasing an additional 427,871 shares during the period. Vanguard Group Inc. lifted its position in shares of Vita Coco by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 2,589,134 shares of the company’s stock worth $95,565,000 after purchasing an additional 11,712 shares during the period. Artisan Partners Limited Partnership lifted its position in shares of Vita Coco by 14.1% in the 4th quarter. Artisan Partners Limited Partnership now owns 1,502,587 shares of the company’s stock worth $55,460,000 after purchasing an additional 185,692 shares during the period. Loomis Sayles & Co. L P lifted its position in shares of Vita Coco by 15.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 1,421,999 shares of the company’s stock worth $52,486,000 after purchasing an additional 193,420 shares during the period. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of Vita Coco by 6.0% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,130,117 shares of the company’s stock worth $41,713,000 after purchasing an additional 64,011 shares during the period. 88.49% of the stock is owned by institutional investors.

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.