Vita Coco (NASDAQ:COCO) CEO Martin Roper Sells 15,000 Shares

Key Points

• Vita Coco CEO Martin Roper sold 15,000 shares of the company's stock at an average price of $40.14, totaling $602,100, resulting in a 5.40% decrease in his ownership.
• The company's stock has a market cap of $2.29 billion and experienced a 2.2% decline recently, trading at $40.30.
• Vita Coco's earnings report for the last quarter showed an increase in revenue to $168.76 million and earnings per share of $0.38, exceeding estimates.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CEO Martin Roper sold 15,000 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $40.14, for a total value of $602,100.00. Following the transaction, the chief executive officer directly owned 262,915 shares of the company's stock, valued at approximately $10,553,408.10. This represents a 5.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 22nd, Martin Roper sold 5,000 shares of Vita Coco stock. The stock was sold at an average price of $40.17, for a total value of $200,850.00.
• On Wednesday, September 17th, Martin Roper sold 15,000 shares of Vita Coco stock. The stock was sold at an average price of $40.23, for a total transaction of $603,450.00.
• On Wednesday, September 17th, Martin Roper sold 5,000 shares of Vita Coco stock. The stock was sold at an average price of $40.22, for a total transaction of $201,100.00.
• On Tuesday, September 16th, Martin Roper sold 7,741 shares of Vita Coco stock. The stock was sold at an average price of $40.01, for a total transaction of $309,717.41.
• On Tuesday, September 16th, Martin Roper sold 2,765 shares of Vita Coco stock. The stock was sold at an average price of $40.01, for a total transaction of $110,627.65.
• On Friday, September 12th, Martin Roper sold 15,000 shares of Vita Coco stock. The shares were sold at an average price of $40.01, for a total transaction of $600,150.00.
• On Friday, September 12th, Martin Roper sold 5,000 shares of Vita Coco stock. The stock was sold at an average price of $40.02, for a total transaction of $200,100.00.

Vita Coco Stock Down 2.2%

NASDAQ COCO traded down $0.89 on Wednesday, hitting $40.30. 967,584 shares of the stock were exchanged, compared to its average volume of 782,463. The company has a market cap of $2.29 billion, a PE ratio of 37.66, a PEG ratio of 2.17 and a beta of 0.36. Vita Coco Company, Inc. has a fifty-two week low of $25.79 and a fifty-two week high of $42.81. The company has a 50-day moving average price of $36.60 and a 200-day moving average price of $34.86.

Vita Coco (NASDAQ:COCO - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $168.76 million during 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 firm's revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. Vita Coco has set its FY 2025 guidance at EPS. As a group, equities research analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COCO. Needham & Company LLC initiated coverage on Vita Coco in a report on Wednesday. They set a "hold" rating for the company. Wells Fargo & Company raised their price objective on Vita Coco from $43.00 to $45.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Morgan Stanley lifted their price target on Vita Coco from $35.00 to $38.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Wall Street Zen downgraded Vita Coco from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Finally, Piper Sandler raised Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 target price on the stock in a report on Wednesday, August 20th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $38.38.

Hedge Funds Weigh In On Vita Coco

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Vita Coco by 2.1% in the first quarter. Vanguard Group Inc. now owns 2,642,306 shares of the company's stock valued at $80,987,000 after purchasing an additional 53,172 shares during the period. Geode Capital Management LLC lifted its stake in Vita Coco by 2.9% in the second quarter. Geode Capital Management LLC now owns 1,018,132 shares of the company's stock valued at $36,759,000 after acquiring an additional 28,448 shares during the last quarter. Driehaus Capital Management LLC increased its position in Vita Coco by 14.4% during the first quarter. Driehaus Capital Management LLC now owns 977,291 shares of the company's stock worth $29,954,000 after acquiring an additional 122,674 shares during the period. GW&K Investment Management LLC boosted its stake in Vita Coco by 16.2% during the first quarter. GW&K Investment Management LLC now owns 756,646 shares of the company's stock worth $23,191,000 after buying an additional 105,401 shares in the last quarter. Finally, Aberdeen Group plc lifted its position in Vita Coco by 14.6% during the 1st quarter. Aberdeen Group plc now owns 725,922 shares of the company's stock worth $22,250,000 after buying an additional 92,590 shares in the last quarter. Institutional investors and hedge funds 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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