14,100 Shares in Vita Coco Company, Inc. $COCO Acquired by Strs Ohio

Key Points

• Strs Ohio has acquired 14,100 shares of Vita Coco Company, Inc. (NASDAQ:COCO), valued at approximately $432,000, as part of its investment strategy in the firm.
• Wall Street analysts are optimistic about Vita Coco, with a consensus rating of "Moderate Buy" and an average price target of $38.38, indicating potential for growth.
• Insider transactions include CEO Martin Roper selling 5,000 shares for $201,100, while over the last quarter, insiders sold a total of 3,351,133 shares worth over $136 million.

Strs Ohio bought a new stake in Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,100 shares of the company's stock, valued at approximately $432,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COCO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Vita Coco by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,319 shares of the company's stock valued at $824,000 after buying an additional 842 shares in the last quarter. Millennium Management LLC lifted its stake in Vita Coco by 24.9% in the 4th quarter. Millennium Management LLC now owns 25,515 shares of the company's stock valued at $942,000 after buying an additional 5,087 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Vita Coco by 1.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 165,555 shares of the company's stock valued at $6,111,000 after buying an additional 2,587 shares in the last quarter. Wellington Management Group LLP lifted its stake in Vita Coco by 173.2% in the 4th quarter. Wellington Management Group LLP now owns 252,941 shares of the company's stock valued at $9,336,000 after buying an additional 160,353 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Vita Coco by 3,258.2% in the 1st quarter. GAMMA Investing LLC now owns 26,328 shares of the company's stock valued at $859,000 after buying an additional 25,544 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company's stock.

Wall Street Analysts Forecast Growth

COCO has been the topic of a number of recent research reports. Piper Sandler raised Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 target price on the stock in a research note on Wednesday, August 20th. Wall Street Zen lowered Vita Coco from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Morgan Stanley increased their price target on Vita Coco from $35.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, Wells Fargo & Company increased their price target on Vita Coco from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $38.38.

Vita Coco Stock Up 3.2%

Shares of Vita Coco stock opened at $40.99 on Tuesday. Vita Coco Company, Inc. has a fifty-two week low of $25.79 and a fifty-two week high of $42.81. The firm has a market cap of $2.33 billion, a PE ratio of 38.31, a P/E/G ratio of 2.10 and a beta of 0.36. The business's fifty day moving average is $36.53 and its two-hundred day moving average is $34.81.

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

Insider Buying and Selling at Vita Coco

In other news, CEO Martin Roper sold 5,000 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $40.22, for a total transaction of $201,100.00. Following the completion of the sale, the chief executive officer directly owned 334,297 shares in the company, valued at $13,445,425.34. This represents a 1.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Es Charles Van sold 20,000 shares of the company's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $42.04, for a total value of $840,800.00. Following the sale, the insider owned 84,328 shares of the company's stock, valued at approximately $3,545,149.12. The trade was a 19.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,351,133 shares of company stock worth $136,449,456. 34.20% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding COCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vita Coco Company, Inc. (NASDAQ:COCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.