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Vita Coco (NASDAQ:COCO) COO Jonathan Burth Sells 3,173 Shares

Vita Coco logo with Consumer Staples background

Key Points

  • Jonathan Burth, COO of Vita Coco, sold 3,173 shares at an average price of $42.50, reducing his ownership in the company by 4.00% to a total of 76,127 shares valued at approximately $3.24 million.
  • The company's stock has experienced a slight decline of 0.1% recently, trading at $42.41, while its market capitalization stands at $2.41 billion.
  • Vita Coco reported earnings per share of $0.38 for the last quarter, exceeding expectations, and set its FY 2025 guidance at 1.07 EPS.
  • Five stocks to consider instead of Vita Coco.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) COO Jonathan Burth sold 3,173 shares of the business's stock in a transaction on Monday, September 29th. The shares were sold at an average price of $42.50, for a total transaction of $134,852.50. Following the sale, the chief operating officer directly owned 76,127 shares of the company's stock, valued at approximately $3,235,397.50. The trade was a 4.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Jonathan Burth also recently made the following trade(s):

  • On Wednesday, September 17th, Jonathan Burth sold 16,827 shares of Vita Coco stock. The shares were sold at an average price of $42.55, for a total transaction of $715,988.85.
  • On Friday, September 12th, Jonathan Burth sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $40.00, for a total transaction of $400,000.00.

Vita Coco Trading Down 0.1%

Vita Coco stock traded down $0.06 during mid-day trading on Wednesday, hitting $42.41. The stock had a trading volume of 867,190 shares, compared to its average volume of 1,290,184. The firm has a market capitalization of $2.41 billion, a P/E ratio of 37.58, a P/E/G ratio of 2.26 and a beta of 0.40. The firm's 50 day moving average is $36.88 and its 200 day moving average is $35.12. Vita Coco Company, Inc. has a one year low of $25.79 and a one year high of $43.28.

Vita Coco (NASDAQ:COCO - Get Free Report) last issued its earnings results 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 company 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%. Vita Coco's quarterly revenue was up 17.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. Vita Coco has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Hedge Funds Weigh In On Vita Coco

A number of institutional investors have recently modified their holdings of the stock. Millennium Management LLC boosted its stake in Vita Coco by 24.9% in the fourth quarter. Millennium Management LLC now owns 25,515 shares of the company's stock valued at $942,000 after acquiring an additional 5,087 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Vita Coco by 1.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,555 shares of the company's stock valued at $6,111,000 after acquiring an additional 2,587 shares in the last quarter. Wellington Management Group LLP boosted its stake in Vita Coco by 173.2% in the fourth quarter. Wellington Management Group LLP now owns 252,941 shares of the company's stock valued at $9,336,000 after acquiring an additional 160,353 shares in the last quarter. GAMMA Investing LLC boosted its stake in Vita Coco by 3,258.2% in the first quarter. GAMMA Investing LLC now owns 26,328 shares of the company's stock valued at $859,000 after acquiring an additional 25,544 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Vita Coco by 6.3% in the first quarter. Rhumbline Advisers now owns 57,168 shares of the company's stock valued at $1,752,000 after acquiring an additional 3,393 shares in the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on COCO shares. Piper Sandler upgraded shares of Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price target on the stock in a research note on Wednesday, August 20th. Needham & Company LLC started coverage on shares of Vita Coco in a research report on Wednesday, September 24th. They set a "hold" rating on the stock. Morgan Stanley upped their target price on shares of Vita Coco from $38.00 to $41.00 and gave the company an "equal weight" rating in a research report on Thursday, September 25th. Wells Fargo & Company upped their target price on shares of Vita Coco from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, September 25th. Finally, Wall Street Zen cut shares of Vita Coco from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Vita Coco has an average rating of "Moderate Buy" and a consensus price target of $39.00.

Check Out Our Latest Stock Report on COCO

About Vita Coco

(Get Free Report)

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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Insider Buying and Selling by Quarter for Vita Coco (NASDAQ:COCO)

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