Kenneth Sadowsky Sells 3,900 Shares of Vita Coco (NASDAQ:COCO) Stock

Key Points

• Kenneth Sadowsky, a director at Vita Coco, sold 3,900 shares of stock at an average price of $38.91, totaling approximately $151,749, and now holds a total of 619,966 shares valued at around $24.1 million.
• Vita Coco's stock price increased by 3.3% to $41.27, standing significantly above its 52-week low of $25.79 and close to its high of $43.65.
• The company recently reported a quarterly earnings per share of $0.38, beating estimates and reflecting a 17.1% year-over-year revenue growth to $168.76 million.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) Director Kenneth Sadowsky sold 3,900 shares of the company's stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $38.91, for a total transaction of $151,749.00. Following the transaction, the director owned 619,966 shares in the company, valued at approximately $24,122,877.06. The trade was a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kenneth Sadowsky also recently made the following trade(s):

• On Wednesday, September 17th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The stock was sold at an average price of $40.03, for a total transaction of $156,117.00.

Vita Coco Stock Up 3.3%

COCO traded up $1.32 during trading on Thursday, hitting $41.27. 795,841 shares of the company's stock were exchanged, compared to its average volume of 789,348. The business's 50 day moving average is $38.26 and its two-hundred day moving average is $35.72. Vita Coco Company, Inc. has a fifty-two week low of $25.79 and a fifty-two week high of $43.65. The stock has a market cap of $2.34 billion, a P/E ratio of 38.57, a PEG ratio of 2.54 and a beta of 0.40.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $168.76 million for the quarter, compared to the consensus estimate of $162.20 million. Vita Coco had a net margin of 11.50% and a return on equity of 24.99%. The business's revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share. Vita Coco has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

COCO has been the subject of several analyst reports. Piper Sandler upgraded shares of Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 target price for the company in a report on Wednesday, August 20th. Morgan Stanley increased their target price on shares of Vita Coco from $38.00 to $41.00 and gave the company an "equal weight" rating in a report on Thursday, September 25th. Weiss Ratings restated a "buy (b-)" rating on shares of Vita Coco in a research report on Wednesday, October 8th. The Goldman Sachs Group increased their price target on shares of Vita Coco from $41.00 to $47.00 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Finally, Needham & Company LLC started coverage on shares of Vita Coco in a research report on Wednesday, September 24th. They set a "hold" rating for the company. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $40.63.

Hedge Funds Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COCO. GAMMA Investing LLC boosted its position in Vita Coco by 3,258.2% during the first quarter. GAMMA Investing LLC now owns 26,328 shares of the company's stock worth $859,000 after purchasing an additional 25,544 shares during the period. Rhumbline Advisers boosted its position in Vita Coco by 6.3% during the first quarter. Rhumbline Advisers now owns 57,168 shares of the company's stock worth $1,752,000 after purchasing an additional 3,393 shares during the period. TT International Asset Management LTD bought a new position in Vita Coco during the first quarter worth about $3,035,000. Principal Financial Group Inc. boosted its position in Vita Coco by 1.2% during the first quarter. Principal Financial Group Inc. now owns 43,809 shares of the company's stock worth $1,343,000 after purchasing an additional 521 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Vita Coco by 6.2% during the first quarter. Bank of New York Mellon Corp now owns 133,572 shares of the company's stock worth $4,094,000 after purchasing an additional 7,788 shares during the period. Institutional investors 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.

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