Es Charles Van Sells 2,000 Shares of Vita Coco (NASDAQ:COCO) Stock

Vita Coco Company, Inc. (NASDAQ:COCO) insider Es Charles Van sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $48.67, for a total transaction of $97,340.00. Following the transaction, the insider directly owned 77,691 shares of the company’s stock, valued at $3,781,220.97. The trade was a 2.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Es Charles Van also recently made the following trade(s):

• On Monday, March 16th, Es Charles Van sold 2,000 shares of Vita Coco stock. The stock was sold at an average price of $57.98, for a total transaction of $115,960.00.

Vita Coco Price Performance

NASDAQ COCO traded down $0.35 on Thursday, reaching $48.24. The company had a trading volume of 787,900 shares, compared to its average volume of 1,174,841. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 40.88, a P/E/G ratio of 1.51 and a beta of 0.47. Vita Coco Company, Inc. has a fifty-two week low of $25.79 and a fifty-two week high of $61.39. The business has a 50 day moving average of $54.68 and a two-hundred day moving average of $49.90.

Vita Coco (NASDAQ:COCO) last announced 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). The company had revenue of $127.79 million for the quarter, compared to the consensus estimate of $117.80 million. Vita Coco had a return on equity of 23.19% and a net margin of 11.70%.The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the prior year, the business earned $0.06 earnings per share. As a group, research analysts predict that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COCO. Wall Street Zen raised Vita Coco from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Zacks Research downgraded shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Vita Coco in a report on Friday, March 27th. Morgan Stanley boosted their price target on shares of Vita Coco from $49.00 to $57.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company upped their price objective on shares of Vita Coco from $50.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $59.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Vita Coco by 8.2% during the 4th quarter. Vanguard Group Inc. now owns 3,149,584 shares of the company’s stock valued at $166,959,000 after purchasing an additional 237,510 shares in the last quarter. Wasatch Advisors LP increased its holdings in Vita Coco by 3.3% in the third quarter. Wasatch Advisors LP now owns 2,729,393 shares of the company’s stock worth $115,917,000 after purchasing an additional 86,541 shares in the last quarter. Wellington Management Group LLP lifted its stake in Vita Coco by 22.1% in the fourth quarter. Wellington Management Group LLP now owns 2,432,362 shares of the company’s stock valued at $128,940,000 after buying an additional 439,958 shares during the period. Artisan Partners Limited Partnership lifted its stake in Vita Coco by 12.1% in the third quarter. Artisan Partners Limited Partnership now owns 2,073,329 shares of the company’s stock valued at $88,054,000 after buying an additional 224,305 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Vita Coco during the 3rd quarter worth approximately $62,815,000. 88.49% of the stock is owned by institutional investors and hedge funds.

About Vita Coco

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.