Vita Coco (NASDAQ:COCO) CFO Sells $38,160.00 in Stock

Key Points

• Corey Baker, CFO of Vita Coco, sold 1,000 shares of stock for a total of $38,160.00, reducing his ownership by 2.45% to 39,754 shares valued at approximately $1.52 million.
• Vita Coco's stock price increased by 1.2% to $38.99, with a market capitalization of $2.22 billion and earnings per share expected to be $1.07 for the current fiscal year.
• Analysts maintain a consensus rating of "Moderate Buy" for Vita Coco, with five analysts rating it "Buy" and three rating it "Hold," indicating positive investor sentiment.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) CFO Corey Baker sold 1,000 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $38.16, for a total value of $38,160.00. Following the transaction, the chief financial officer directly owned 39,754 shares of the company's stock, valued at $1,517,012.64. The trade was a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Corey Baker also recently made the following trade(s):

• On Monday, September 8th, Corey Baker sold 1,000 shares of Vita Coco stock. The stock was sold at an average price of $38.51, for a total value of $38,510.00.
• On Friday, September 5th, Corey Baker sold 1,000 shares of Vita Coco stock. The shares were sold at an average price of $38.00, for a total value of $38,000.00.

Vita Coco Stock Up 1.2%

COCO traded up $0.45 on Thursday, reaching $38.99. The company's stock had a trading volume of 796,187 shares, compared to its average volume of 738,728. The stock has a 50 day moving average of $36.13 and a two-hundred day moving average of $34.46. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 36.44, a P/E/G ratio of 2.04 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 $40.32.

Vita Coco (NASDAQ:COCO - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 24.99% and a net margin of 11.50%.The firm's quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 earnings per share. Vita Coco has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Vita Coco

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Vita Coco by 2.1% during the first quarter. Vanguard Group Inc. now owns 2,642,306 shares of the company's stock worth $80,987,000 after purchasing an additional 53,172 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Vita Coco by 2.9% during the second quarter. Geode Capital Management LLC now owns 1,018,132 shares of the company's stock worth $36,759,000 after purchasing an additional 28,448 shares during the last quarter. Driehaus Capital Management LLC raised its stake in shares of 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 purchasing an additional 122,674 shares during the last quarter. GW&K Investment Management LLC raised its stake in shares of 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 purchasing an additional 105,401 shares during the last quarter. Finally, Aberdeen Group plc raised its stake in shares of Vita Coco by 14.6% during the first quarter. Aberdeen Group plc now owns 725,922 shares of the company's stock worth $22,250,000 after purchasing an additional 92,590 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.

Wall Street Analyst Weigh In

COCO has been the subject of a number of research analyst reports. Wall Street Zen downgraded Vita Coco from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Wells Fargo & Company upped their target price on Vita Coco from $43.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Morgan Stanley upped their target price 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. Finally, Piper Sandler raised Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 target price for the company in a research report on Wednesday, August 20th. Five research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.38.

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.

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