Vita Coco (NASDAQ:COCO) Insider Es Charles Van Sells 10,000 Shares

Key Points

• Vita Coco insider Es Charles Van sold 10,000 shares of stock for $400,000, reducing his holdings by 10.60% to 84,328 shares.
• The company's stock traded at $39.98 with a market cap of $2.27 billion and a price-to-earnings ratio of 35.21.
• Vita Coco reported $0.38 earnings per share for the previous quarter, exceeding estimates and marking a 17.1% increase in revenue year-over-year.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) insider Es Charles Van sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $40.00, for a total value of $400,000.00. Following the completion of the sale, the insider owned 84,328 shares in the company, valued at approximately $3,373,120. This represents a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Es Charles Van also recently made the following trade(s):

• On Monday, July 7th, Es Charles Van sold 10,000 shares of Vita Coco stock. The shares were sold at an average price of $38.02, for a total value of $380,200.00.

Vita Coco Stock Performance

Shares of COCO stock traded down $3.04 during mid-day trading on Thursday, hitting $39.26. 4,039,548 shares of the stock traded hands, compared to its average volume of 764,797. Vita Coco Company, Inc. has a twelve month low of $25.79 and a twelve month high of $42.81. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 36.69, a price-to-earnings-growth ratio of 2.12 and a beta of 0.36. The company's 50-day simple moving average is $36.37 and its 200-day simple moving average is $34.64.

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 business had revenue of $168.76 million during the quarter, compared to analyst estimates of $162.20 million. Vita Coco had a return on equity of 24.99% and a net margin of 11.50%.The company's revenue was up 17.1% compared to the same quarter last year. During the same period last year, the company posted $0.32 EPS. Vita Coco has set its FY 2025 guidance at EPS. 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 made changes to their positions in the business. US Bancorp DE increased its stake in shares of Vita Coco by 7.5% in the first quarter. US Bancorp DE now owns 5,247 shares of the company's stock worth $161,000 after purchasing an additional 364 shares during the period. CWM LLC grew its position in Vita Coco by 14.7% during the first quarter. CWM LLC now owns 2,868 shares of the company's stock worth $88,000 after buying an additional 367 shares in the last quarter. Schroder Investment Management Group grew its position in Vita Coco by 3.2% during the second quarter. Schroder Investment Management Group now owns 12,041 shares of the company's stock worth $435,000 after buying an additional 376 shares in the last quarter. Cim LLC grew its position in Vita Coco by 3.8% during the second quarter. Cim LLC now owns 13,904 shares of the company's stock worth $502,000 after buying an additional 514 shares in the last quarter. Finally, Principal Financial Group Inc. grew 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 buying an additional 521 shares in the last quarter. 88.49% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COCO has been the subject of a number of research analyst reports. Wall Street Zen lowered Vita Coco from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Wells Fargo & Company increased their target price on Vita Coco from $43.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Morgan Stanley increased their target price on Vita Coco from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, Piper Sandler upgraded 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. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $38.38.

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.