Martin Roper Sells 20,544 Shares of Vita Coco (NASDAQ:COCO) Stock

Vita Coco Company, Inc. (NASDAQ:COCOGet Free Report) CEO Martin Roper sold 20,544 shares of Vita Coco stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $59.35, for a total transaction of $1,219,286.40. Following the completion of the sale, the chief executive officer directly owned 298,484 shares in the company, valued at approximately $17,715,025.40. This represents a 6.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Martin Roper also recently made the following trade(s):

  • On Friday, April 24th, 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 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 Stock Performance

COCO stock traded down $0.96 during mid-day trading on Thursday, hitting $65.99. The company had a trading volume of 4,623,179 shares, compared to its average volume of 1,256,775. The firm has a market cap of $3.76 billion, a PE ratio of 55.92, a price-to-earnings-growth ratio of 1.62 and a beta of 0.47. Vita Coco Company, Inc. has a 12 month low of $30.54 and a 12 month high of $69.59. The stock’s fifty day moving average price is $52.42 and its two-hundred day moving average price is $51.09.

Vita Coco (NASDAQ:COCOGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.34 by $0.16. Vita Coco had a net margin of 11.70% and a return on equity of 23.19%. The business had revenue of $179.77 million for the quarter, compared to analyst estimates of $147.39 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The company’s revenue for the quarter was up 37.4% on a year-over-year basis. Equities analysts anticipate that Vita Coco Company, Inc. will post 1.58 earnings per share for the current year.

Analysts Set New Price Targets

COCO has been the topic of several research reports. Morgan Stanley set a $65.00 price target on shares of Vita Coco in a research report on Thursday. Zacks Research lowered shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings reissued a “buy (b-)” rating on shares of Vita Coco in a research report on Friday, March 27th. Wells Fargo & Company boosted their price target on shares of Vita Coco from $60.00 to $75.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Piper Sandler reissued an “overweight” rating and issued a $70.00 price target on shares of Vita Coco in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.00.

Check Out Our Latest Stock Analysis on Vita Coco

Hedge Funds Weigh In On Vita Coco

Hedge funds have recently bought and sold shares of the company. New York State Common Retirement Fund grew its stake in 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 acquiring an additional 47,632 shares in the last quarter. Westfield Capital Management Co. LP purchased a new position in Vita Coco during the third quarter valued at approximately $45,135,000. Hussman Strategic Advisors Inc. purchased a new position in Vita Coco during the third quarter valued at approximately $2,230,000. Wilmington Savings Fund Society FSB purchased a new position in Vita Coco during the third quarter valued at approximately $62,815,000. Finally, American Century Companies Inc. grew its stake in Vita Coco by 648.0% during the third quarter. American Century Companies Inc. now owns 647,257 shares of the company’s stock valued at $27,489,000 after acquiring an additional 560,729 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Key Vita Coco News

Here are the key news stories impacting Vita Coco this week:

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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