140,000 Shares in Vita Coco Company, Inc. $COCO Bought by Capricorn Fund Managers Ltd

Key Points

• Capricorn Fund Managers Ltd acquired 140,000 shares of Vita Coco Company, valued at approximately $5.05 million, making it the 18th largest holding in their portfolio.
• Vita Coco reported a net margin of 11.50% and achieved a 17.1% increase in revenue year-over-year during its latest earnings release, surpassing analysts' expectations.
• Insider selling was noted, with CEO Martin Roper selling 5,000 shares at an average price of $40.45, resulting in a decrease of his ownership stake by 1.57%.

Capricorn Fund Managers Ltd purchased a new position in shares of Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 140,000 shares of the company's stock, valued at approximately $5,054,000. Vita Coco makes up about 2.4% of Capricorn Fund Managers Ltd's holdings, making the stock its 18th largest holding. Capricorn Fund Managers Ltd owned 0.25% of Vita Coco as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Ameritas Advisory Services LLC purchased a new position in shares of Vita Coco in the 2nd quarter valued at about $50,000. LVW Advisors LLC increased its stake in shares of Vita Coco by 14.9% in the 2nd quarter. LVW Advisors LLC now owns 8,611 shares of the company's stock valued at $311,000 after purchasing an additional 1,116 shares in the last quarter. Contravisory Investment Management Inc. purchased a new position in shares of Vita Coco in the 2nd quarter valued at about $245,000. TT International Asset Management LTD increased its stake in shares of Vita Coco by 21.4% in the 2nd quarter. TT International Asset Management LTD now owns 120,174 shares of the company's stock valued at $4,338,000 after purchasing an additional 21,148 shares in the last quarter. Finally, Goldstone Financial Group LLC increased its stake in shares of Vita Coco by 51.2% in the 2nd quarter. Goldstone Financial Group LLC now owns 11,411 shares of the company's stock valued at $429,000 after purchasing an additional 3,862 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.

Vita Coco Stock Down 0.4%

Vita Coco stock opened at $42.52 on Friday. Vita Coco Company, Inc. has a 52-week low of $25.79 and a 52-week high of $43.65. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 39.74, a PEG ratio of 2.27 and a beta of 0.40. The company has a fifty day simple moving average of $37.07 and a 200-day simple moving average of $35.23.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. Vita Coco had a net margin of 11.50% and a return on equity of 24.99%. The business had revenue of $168.76 million during the quarter, compared to analyst estimates of $162.20 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The company's revenue for the quarter was up 17.1% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Insider Buying and Selling at Vita Coco

In related news, CEO Martin Roper sold 5,000 shares of the company's stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $40.45, for a total value of $202,250.00. Following the completion of the sale, the chief executive officer owned 313,897 shares of the company's stock, valued at approximately $12,697,133.65. This represents a 1.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Corey Baker sold 1,000 shares of the company's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $40,000.00. Following the completion of the sale, the chief financial officer directly owned 38,754 shares of the company's stock, valued at $1,550,160. This represents a 2.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,425,906 shares of company stock worth $139,546,526 over the last three months. 32.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

COCO has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Vita Coco from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th. Needham & Company LLC initiated coverage on shares of Vita Coco in a research report on Wednesday, September 24th. They set a "hold" rating for the company. Piper Sandler upgraded shares of Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price objective for the company in a research report on Wednesday, August 20th. The Goldman Sachs Group upped their price objective on shares of Vita Coco from $41.00 to $47.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Vita Coco in a research report on Saturday, September 27th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.75.

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.

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