Vita Coco (NASDAQ:COCO) CFO Corey Baker Sells 1,000 Shares

Vita Coco Company, Inc. (NASDAQ:COCO) CFO Corey Baker sold 1,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $38.51, for a total value of $38,510.00. Following the completion of the transaction, the chief financial officer owned 41,754 shares in the company, valued at $1,607,946.54. The trade was a 2.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Corey Baker also recently made the following trade(s):

• On Friday, September 5th, Corey Baker sold 1,000 shares of Vita Coco stock. The shares were sold at an average price of $38.00, for a total value of $38,000.00.

Vita Coco Trading Up 0.5%

Shares of Vita Coco stock opened at $38.59 on Wednesday. The firm has a market cap of $2.19 billion, a PE ratio of 36.07, a PEG ratio of 2.03 and a beta of 0.36. Vita Coco Company, Inc. has a 12 month low of $25.23 and a 12 month high of $40.32. The stock has a 50 day moving average of $36.10 and a 200 day moving average of $34.43.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.38 earnings per share (EPS) for the quarter, beating 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 for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the company earned $0.32 EPS. Vita Coco has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in COCO. Price T Rowe Associates Inc. MD increased its holdings in shares of Vita Coco by 22.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,806 shares of the company’s stock valued at $584,000 after acquiring an additional 2,860 shares during the period. Northern Trust Corp grew its stake in Vita Coco by 8.2% during the 4th quarter. Northern Trust Corp now owns 411,173 shares of the company’s stock worth $15,176,000 after buying an additional 31,050 shares during the last quarter. Jane Street Group LLC grew its stake in Vita Coco by 1.3% during the 4th quarter. Jane Street Group LLC now owns 82,108 shares of the company’s stock worth $3,031,000 after buying an additional 1,078 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Vita Coco during the 4th quarter worth $1,806,000. Finally, Bank of America Corp DE grew its stake in Vita Coco by 382.2% during the 4th quarter. Bank of America Corp DE now owns 512,120 shares of the company’s stock worth $18,902,000 after buying an additional 405,913 shares during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Morgan Stanley raised their price target on Vita Coco from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Wells Fargo & Company raised their price target on Vita Coco from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Wall Street Zen lowered Vita Coco from a “buy” rating to a “hold” rating in a research note on Saturday, June 7th. Finally, Piper Sandler raised Vita Coco from a “neutral” rating to an “overweight” rating and set a $39.00 price target for the company in a research note on Wednesday, August 20th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Vita Coco currently has an average rating of “Moderate Buy” and an average price target 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.