Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) insider Es Charles Van sold 2,000 shares of Vita Coco stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $66.87, for a total value of $133,740.00. Following the completion of the transaction, the insider owned 75,691 shares in the company, valued at approximately $5,061,457.17. This represents a 2.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Es Charles Van also recently made the following trade(s):
- On Wednesday, April 1st, Es Charles Van sold 2,000 shares of Vita Coco stock. The shares were sold at an average price of $48.67, for a total value of $97,340.00.
- 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 value of $115,960.00.
Vita Coco Trading Up 0.7%
Vita Coco stock traded up $0.50 during midday trading on Monday, reaching $67.25. The company's stock had a trading volume of 1,210,868 shares, compared to its average volume of 1,265,406. Vita Coco Company, Inc. has a 52 week low of $30.54 and a 52 week high of $69.58. The business has a 50-day moving average price of $52.70 and a 200-day moving average price of $51.36. The stock has a market cap of $3.84 billion, a PE ratio of 49.09, a price-to-earnings-growth ratio of 1.60 and a beta of 0.72.
Vita Coco (NASDAQ:COCO - Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.16. The business had revenue of $179.77 million during the quarter, compared to analysts' expectations of $148.39 million. Vita Coco had a return on equity of 25.43% and a net margin of 12.59%.The business's revenue for the quarter was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.31 EPS. As a group, research analysts predict that Vita Coco Company, Inc. will post 1.76 EPS for the current fiscal year.
Institutional Investors Weigh In On Vita Coco
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP increased its stake in shares of Vita Coco by 80.3% in the first quarter. Wasatch Advisors LP now owns 3,675,489 shares of the company's stock valued at $176,093,000 after buying an additional 1,637,437 shares during the period. Vanguard Group Inc. increased its stake in shares of Vita Coco by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 3,149,584 shares of the company's stock valued at $166,959,000 after buying an additional 237,510 shares during the period. Wellington Management Group LLP grew its stake in Vita Coco by 22.1% during the fourth quarter. Wellington Management Group LLP now owns 2,432,362 shares of the company's stock worth $128,940,000 after purchasing an additional 439,958 shares during the period. Artisan Partners Limited Partnership grew its stake in Vita Coco by 12.1% during the third quarter. Artisan Partners Limited Partnership now owns 2,073,329 shares of the company's stock worth $88,054,000 after purchasing an additional 224,305 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Vita Coco during the third quarter worth approximately $62,815,000. Institutional investors and hedge funds own 88.49% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have commented on COCO shares. Piper Sandler reiterated an "overweight" rating and issued a $70.00 target price on shares of Vita Coco in a research report on Wednesday, April 29th. Wall Street Zen upgraded Vita Coco from a "sell" rating to a "buy" rating in a research report on Saturday. Weiss Ratings upgraded Vita Coco from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday. Evercore reiterated an "outperform" rating and issued a $70.00 target price on shares of Vita Coco in a research report on Thursday, March 12th. Finally, Wells Fargo & Company increased their target price on Vita Coco from $60.00 to $75.00 and gave the company an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Vita Coco has an average rating of "Moderate Buy" and a consensus price target of $69.00.
View Our Latest Report on COCO
More Vita Coco News
Here are the key news stories impacting Vita Coco this week:
Vita Coco Company Profile
(
Get Free Report)
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.
Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Vita Coco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Vita Coco wasn't on the list.
While Vita Coco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.