John Zupo Sells 10,000 Shares of Vita Coco (NASDAQ:COCO) Stock

Vita Coco Company, Inc. (NASDAQ:COCO) Director John Zupo sold 10,000 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $43.72, for a total transaction of $437,200.00. Following the completion of the sale, the director owned 12,162 shares of the company’s stock, valued at $531,722.64. This trade represents a 45.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Vita Coco Trading Up 2.6%

Shares of Vita Coco stock opened at $46.59 on Wednesday. The company has a 50-day moving average of $41.45 and a two-hundred day moving average of $37.67. Vita Coco Company, Inc. has a 12-month low of $25.79 and a 12-month high of $50.50. The stock has a market cap of $2.65 billion, a PE ratio of 40.51, a price-to-earnings-growth ratio of 2.84 and a beta of 0.39.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on COCO. The Goldman Sachs Group raised their price target on Vita Coco from $52.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday. Jefferies Financial Group raised their target price on shares of Vita Coco from $54.00 to $58.00 and gave the company a “buy” rating in a report on Monday. Morgan Stanley lifted their target price on shares of Vita Coco from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Monday. Wells Fargo & Company increased their price target on shares of Vita Coco from $47.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, October 30th. Finally, Bank of America raised shares of Vita Coco from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $48.00 to $54.00 in a research note on Monday. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COCO. Vanguard Group Inc. grew its holdings in shares of Vita Coco by 3.5% during the third quarter. Vanguard Group Inc. now owns 2,912,074 shares of the company’s stock worth $123,676,000 after buying an additional 97,233 shares in the last quarter. Wasatch Advisors LP grew its stake in Vita Coco by 3.3% in the 3rd quarter. Wasatch Advisors LP now owns 2,729,393 shares of the company’s stock worth $115,917,000 after acquiring an additional 86,541 shares during the period. Artisan Partners Limited Partnership raised its holdings in Vita Coco by 12.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,073,329 shares of the company’s stock valued at $88,054,000 after acquiring an additional 224,305 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Vita Coco by 232.2% during the 3rd quarter. Wellington Management Group LLP now owns 1,992,404 shares of the company’s stock worth $84,617,000 after purchasing an additional 1,392,678 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Vita Coco during the third quarter worth $62,815,000. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

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.