Martin Roper Sells 500 Shares of Vita Coco (NASDAQ:COCO) Stock

Vita Coco Company, Inc. (NASDAQ:COCO) CEO Martin Roper sold 500 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $45.00, for a total transaction of $22,500.00. Following the completion of the transaction, the chief executive officer directly owned 281,562 shares of the company’s stock, valued at approximately $12,670,290. This represents a 0.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Martin Roper also recently made the following trade(s):

• On Wednesday, October 29th, Martin Roper sold 15,000 shares of Vita Coco stock. The shares were sold at an average price of $46.10, for a total transaction of $691,500.00.
• On Wednesday, October 29th, Martin Roper sold 5,000 shares of Vita Coco stock. The shares were sold at an average price of $46.09, for a total transaction of $230,450.00.
• On Tuesday, October 7th, Martin Roper sold 6,059 shares of Vita Coco stock. The stock was sold at an average price of $42.79, for a total value of $259,264.61.
• On Tuesday, October 7th, Martin Roper sold 1,835 shares of Vita Coco stock. The shares were sold at an average price of $42.74, for a total value of $78,427.90.
• On Monday, October 6th, Martin Roper sold 15,000 shares of Vita Coco stock. The stock was sold at an average price of $42.58, for a total value of $638,700.00.
• On Monday, October 6th, Martin Roper sold 5,000 shares of Vita Coco stock. The shares were sold at an average price of $42.67, for a total value of $213,350.00.
• On Friday, October 3rd, Martin Roper sold 15,000 shares of Vita Coco stock. The shares were sold at an average price of $42.91, for a total value of $643,650.00.
• On Friday, October 3rd, Martin Roper sold 5,000 shares of Vita Coco stock. The stock was sold at an average price of $42.92, for a total value of $214,600.00.
• On Monday, September 29th, Martin Roper sold 15,000 shares of Vita Coco stock. The shares were sold at an average price of $40.45, for a total transaction of $606,750.00.
• On Monday, September 29th, Martin Roper sold 5,000 shares of Vita Coco stock. The stock was sold at an average price of $40.45, for a total transaction of $202,250.00.

Vita Coco Price Performance

COCO opened at $41.18 on Friday. The firm has a 50 day simple moving average of $39.91 and a 200 day simple moving average of $36.71. Vita Coco Company, Inc. has a fifty-two week low of $25.79 and a fifty-two week high of $48.67. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 2.65 and a beta of 0.40.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, October 29th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.08. The firm had revenue of $182.31 million during the quarter, compared to analyst estimates of $154.96 million. Vita Coco had a net margin of 11.35% and a return on equity of 25.08%. The business’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 EPS. Vita Coco has set its FY 2025 guidance at EPS. As a group, analysts expect that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

COCO has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on Vita Coco from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday. Needham & Company LLC began coverage on shares of Vita Coco in a research note on Wednesday, September 24th. They set a “hold” rating on the stock. Bank of America upped their target price on shares of Vita Coco from $40.00 to $45.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on shares of Vita Coco from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Vita Coco in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $45.29.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE increased its position in shares of Vita Coco by 7.5% during the first quarter. US Bancorp DE now owns 5,247 shares of the company’s stock worth $161,000 after acquiring an additional 364 shares in the last quarter. CWM LLC boosted its stake in Vita Coco by 14.7% in the 1st quarter. CWM LLC now owns 2,868 shares of the company’s stock worth $88,000 after purchasing an additional 367 shares during the period. Schroder Investment Management Group increased its holdings in Vita Coco by 3.2% during the 2nd quarter. Schroder Investment Management Group now owns 12,041 shares of the company’s stock worth $435,000 after purchasing an additional 376 shares in the last quarter. Cim LLC raised its stake in shares of Vita Coco by 3.8% in the 2nd quarter. Cim LLC now owns 13,904 shares of the company’s stock valued at $502,000 after purchasing an additional 514 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Vita Coco by 1.2% in the first quarter. Principal Financial Group Inc. now owns 43,809 shares of the company’s stock valued at $1,343,000 after purchasing an additional 521 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

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.