Es Charles Van Sells 2,000 Shares of Vita Coco (NASDAQ:COCO) Stock

Vita Coco Company, Inc. (NASDAQ:COCO) insider Es Charles Van sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $48.67, for a total transaction of $97,340.00. Following the sale, the insider directly owned 77,691 shares of the company’s stock, valued at approximately $3,781,220.97. This trade represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Es Charles Van also recently made the following trade(s):

• On Monday, March 16th, Es Charles Van sold 2,000 shares of Vita Coco stock. The shares were sold at an average price of $57.98, for a total transaction of $115,960.00.

Vita Coco Stock Performance

COCO stock opened at $48.24 on Friday. The company’s fifty day moving average price is $54.52 and its 200-day moving average price is $49.95. Vita Coco Company, Inc. has a one year low of $25.79 and a one year high of $61.39. The company has a market capitalization of $2.75 billion, a PE ratio of 40.88, a price-to-earnings-growth ratio of 1.52 and a beta of 0.47.

Vita Coco (NASDAQ:COCO) last posted its earnings results 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). The company had revenue of $127.79 million for the quarter, compared to analysts’ expectations of $117.80 million. Vita Coco had a net margin of 11.70% and a return on equity of 23.19%. The business’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. On average, research analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COCO. Zacks Research cut Vita Coco from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Wall Street Zen cut Vita Coco from a “hold” rating to a “sell” rating in a report on Saturday. Wells Fargo & Company lifted their price objective on Vita Coco from $50.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vita Coco in a report on Friday, March 27th. Finally, 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. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.86.

Institutional Investors Weigh In On Vita Coco

Several hedge funds and other institutional investors have recently modified their holdings of COCO. GAMMA Investing LLC lifted its stake in shares of Vita Coco by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 1,134 shares of the company’s stock worth $60,000 after acquiring an additional 227 shares during the last quarter. CWM LLC grew its position in Vita Coco by 18.2% in the 4th quarter. CWM LLC now owns 1,505 shares of the company’s stock valued at $80,000 after acquiring an additional 232 shares during the last quarter. Mariner LLC increased its stake in Vita Coco by 2.8% in the third quarter. Mariner LLC now owns 8,742 shares of the company’s stock worth $371,000 after purchasing an additional 236 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Vita Coco by 0.9% during the third quarter. Envestnet Asset Management Inc. now owns 33,541 shares of the company’s stock worth $1,424,000 after purchasing an additional 298 shares during the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of Vita Coco by 3.2% during the second quarter. Schroder Investment Management Group now owns 12,041 shares of the company’s stock worth $435,000 after purchasing an additional 376 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Vita Coco Company Profile

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.