Vita Coco (NASDAQ:COCO) Director Kenneth Sadowsky Sells 3,900 Shares

Vita Coco Company, Inc. (NASDAQ:COCO) Director Kenneth Sadowsky sold 3,900 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The shares were sold at an average price of $47.12, for a total value of $183,768.00. Following the sale, the director owned 616,066 shares in the company, valued at approximately $29,029,029.92. This represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Kenneth Sadowsky also recently made the following trade(s):

• On Wednesday, October 15th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The stock was sold at an average price of $38.91, for a total value of $151,749.00.
• On Wednesday, September 17th, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The stock was sold at an average price of $40.03, for a total transaction of $156,117.00.

Vita Coco Stock Performance

Shares of COCO stock traded down $1.07 during mid-day trading on Thursday, reaching $46.22. The company’s stock had a trading volume of 414,966 shares, compared to its average volume of 808,166. The firm’s 50-day moving average is $41.62 and its two-hundred day moving average is $37.74. The company has a market cap of $2.63 billion, a P/E ratio of 40.19, a PEG ratio of 1.60 and a beta of 0.39. Vita Coco Company, Inc. has a 1-year low of $25.79 and a 1-year high of $50.50.

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

Institutional Investors Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently made changes to their positions in COCO. Wilmington Savings Fund Society FSB acquired a new stake in Vita Coco in the third quarter worth about $62,815,000. Wellington Management Group LLP boosted its stake in shares of Vita Coco by 232.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,992,404 shares of the company’s stock valued at $84,617,000 after purchasing an additional 1,392,678 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of Vita Coco during the 3rd quarter worth approximately $45,135,000. Millennium Management LLC raised its stake in shares of Vita Coco by 164.7% during the third quarter. Millennium Management LLC now owns 1,225,803 shares of the company’s stock worth $52,060,000 after buying an additional 762,731 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Vita Coco by 135.5% during the third quarter. Ameriprise Financial Inc. now owns 1,282,310 shares of the company’s stock worth $54,460,000 after buying an additional 737,823 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COCO. Evercore ISI increased their target price on Vita Coco from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday. Wells Fargo & Company upped their price target on Vita Coco from $47.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. The Goldman Sachs Group lifted their price objective on Vita Coco from $52.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday. Jefferies Financial Group upped their target price on shares of Vita Coco from $54.00 to $58.00 and gave the stock a “buy” rating in a report on Monday. Finally, Needham & Company LLC began coverage on shares of Vita Coco in a research report on Wednesday, September 24th. They set a “hold” rating for the company. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Vita Coco has a consensus rating of “Moderate Buy” and an average price target of $50.38.

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.