Jonathan Burth Sells 912 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO) Stock

The Vita Coco Company, Inc. (NASDAQ:COCO) COO Jonathan Burth sold 912 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $37.53, for a total value of $34,227.36. Following the transaction, the chief operating officer now directly owns 104,108 shares of the company’s stock, valued at $3,907,173.24. This trade represents a 0.87 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Thursday, December 12th, Jonathan Burth sold 14,836 shares of Vita Coco stock. The stock was sold at an average price of $37.61, for a total transaction of $557,981.96.
• On Monday, December 2nd, Jonathan Burth sold 10,000 shares of Vita Coco stock. The stock was sold at an average price of $35.69, for a total transaction of $356,900.00.
• On Monday, October 28th, Jonathan Burth sold 1,400 shares of Vita Coco stock. The shares were sold at an average price of $30.04, for a total value of $42,056.00.
• On Tuesday, October 22nd, Jonathan Burth sold 905 shares of Vita Coco stock. The stock was sold at an average price of $30.04, for a total value of $27,186.20.
• On Wednesday, October 16th, Jonathan Burth sold 400 shares of Vita Coco stock. The stock was sold at an average price of $30.00, for a total value of $12,000.00.
• On Monday, September 30th, Jonathan Burth sold 2,244 shares of Vita Coco stock. The stock was sold at an average price of $30.01, for a total transaction of $67,342.44.

Vita Coco Price Performance

Shares of NASDAQ:COCO opened at $35.64 on Friday. The Vita Coco Company, Inc. has a 1 year low of $19.41 and a 1 year high of $37.88. The business has a fifty day moving average price of $33.77 and a two-hundred day moving average price of $29.45. The company has a market capitalization of $2.02 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 2.42 and a beta of 0.31.

Vita Coco (NASDAQ:COCO) last issued its earnings results on Wednesday, October 30th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The firm had revenue of $133.00 million during the quarter, compared to analyst estimates of $138.56 million. During the same quarter last year, the business earned $0.26 earnings per share. The company’s quarterly revenue was down 3.6% on a year-over-year basis. Sell-side analysts anticipate that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Institutional Trading of Vita Coco

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Wasatch Advisors LP grew its holdings in shares of Vita Coco by 299.0% in the third quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock worth $67,972,000 after purchasing an additional 1,799,168 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vita Coco by 10.8% during the third quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock valued at $29,494,000 after purchasing an additional 101,823 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Vita Coco by 106.4% in the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock worth $25,358,000 after purchasing an additional 461,748 shares in the last quarter. State Street Corp grew its stake in shares of Vita Coco by 4.7% in the 3rd quarter. State Street Corp now owns 876,774 shares of the company’s stock worth $24,821,000 after buying an additional 39,431 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Vita Coco by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 776,469 shares of the company’s stock valued at $21,623,000 after buying an additional 156,033 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on COCO shares. Craig Hallum lifted their price target on shares of Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Bank of America increased their price target on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Vita Coco currently has an average rating of “Moderate Buy” and a consensus price target of $32.14.

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.