Insider Selling: Vita Coco (NASDAQ:COCO) Director Sells $221,988.00 in Stock

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, March 18th. The shares were sold at an average price of $56.92, for a total value of $221,988.00. Following the completion of the sale, the director directly owned 590,466 shares in the company, valued at approximately $33,609,324.72. The trade was a 0.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Wednesday, January 21st, Kenneth Sadowsky sold 3,900 shares of Vita Coco stock. The stock was sold at an average price of $53.92, for a total value of $210,288.00.

Vita Coco Trading Down 2.0%

Shares of NASDAQ COCO opened at $52.88 on Friday. The stock has a market capitalization of $3.02 billion, a PE ratio of 44.81, a PEG ratio of 1.66 and a beta of 0.37. Vita Coco Company, Inc. has a twelve month low of $25.79 and a twelve month high of $61.39. The stock has a fifty day simple moving average of $55.17 and a 200-day simple moving average of $49.20.

Vita Coco (NASDAQ:COCO) last posted its earnings results on Wednesday, February 18th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). Vita Coco had a return on equity of 23.19% and a net margin of 11.70%.The firm had revenue of $127.79 million for the quarter, compared to analyst estimates of $117.80 million. During the same period in the previous year, the company posted $0.06 EPS. Vita Coco’s revenue was up .4% on a year-over-year basis. On average, equities analysts predict that Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Analyst Ratings Changes

COCO has been the subject of several recent research reports. Zacks Research lowered shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Morgan Stanley upped their target price on shares of Vita Coco from $49.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Wall Street Zen upgraded shares of Vita Coco from a “sell” rating to a “hold” rating in a report on Saturday. Evercore reissued an “outperform” rating and issued a $70.00 price target on shares of Vita Coco in a research report on Thursday, March 12th. Finally, Wells Fargo & Company boosted their price target on shares of Vita Coco from $50.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Vita Coco presently has an average rating of “Moderate Buy” and an average target price of $56.38.

Hedge Funds Weigh In On Vita Coco

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. raised its holdings in Vita Coco by 265.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,319 shares of the company’s stock valued at $70,000 after acquiring an additional 958 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Vita Coco in the 4th quarter valued at approximately $642,000. Invesco Ltd. raised its holdings in shares of Vita Coco by 13.9% in the 4th quarter. Invesco Ltd. now owns 50,206 shares of the company’s stock valued at $2,661,000 after purchasing an additional 6,115 shares in the last quarter. Vident Advisory LLC purchased a new stake in shares of Vita Coco during the 4th quarter worth $284,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of Vita Coco during the fourth quarter worth $73,242,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Vita Coco Company Profile

Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.

The company’s flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.