The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 904,755 shares of the company's stock after buying an additional 51,944 shares during the quarter. Dimensional Fund Advisors LP owned about 1.59% of Vita Coco worth $33,393,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of COCO. GAMMA Investing LLC lifted its holdings in shares of Vita Coco by 84.9% in the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company's stock worth $29,000 after acquiring an additional 360 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Vita Coco in the 4th quarter worth about $52,000. Venturi Wealth Management LLC bought a new stake in Vita Coco in the fourth quarter worth about $66,000. Summit Investment Advisors Inc. boosted its position in shares of Vita Coco by 9.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company's stock valued at $152,000 after buying an additional 347 shares during the period. Finally, Entropy Technologies LP bought a new position in shares of Vita Coco during the fourth quarter valued at approximately $220,000. 88.49% of the stock is owned by hedge funds and other institutional investors.

Vita Coco Stock Down 5.0 %

NASDAQ:COCO traded down $1.74 during mid-day trading on Friday, reaching $33.27. The company's stock had a trading volume of 1,838,116 shares, compared to its average volume of 606,975. The firm has a market capitalization of $1.89 billion, a PE ratio of 33.61, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38. The stock has a fifty day moving average of $32.29 and a 200-day moving average of $34.53. The Vita Coco Company, Inc. has a 1 year low of $23.56 and a 1 year high of $40.32.

Vita Coco (NASDAQ:COCO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.09. The firm had revenue of $130.92 million during the quarter, compared to analysts' expectations of $125.64 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The company's revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. On average, analysts expect that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Insider Activity

In other Vita Coco news, COO Jonathan Burth sold 700 shares of Vita Coco stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.25, for a total value of $28,175.00. Following the transaction, the chief operating officer now owns 104,108 shares in the company, valued at $4,190,347. The trade was a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Michael Kirban sold 20,000 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $34.57, for a total transaction of $691,400.00. Following the sale, the chairman now directly owns 2,006,229 shares of the company's stock, valued at approximately $69,355,336.53. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,358 shares of company stock worth $2,865,456. 32.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on COCO shares. Wells Fargo & Company decreased their price target on Vita Coco from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Stephens reissued an "equal weight" rating and set a $32.00 target price on shares of Vita Coco in a research note on Thursday, March 27th. The Goldman Sachs Group set a $41.00 price target on shares of Vita Coco and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Evercore ISI upped their target price on shares of Vita Coco from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $35.38.

Vita Coco 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.