Vita Coco Company, Inc. $COCO Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its shares in Vita Coco Company, Inc. by 14.6%, acquiring an additional 92,590 shares to hold a total of 725,922 shares, worth approximately $22.25 million.
• Insider trading was noted as Director Kenneth Sadowsky sold 3,900 shares, while another insider, Es Charles Van, sold 10,000 shares, collectively totaling over $527,000 in transactions.
• Vita Coco's recent earnings exceeded expectations, reporting $0.38 earnings per share and revenue of $168.76 million, up 17.1% compared to the same quarter last year.

Aberdeen Group plc grew its holdings in shares of Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 14.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 725,922 shares of the company's stock after buying an additional 92,590 shares during the quarter. Aberdeen Group plc owned 1.28% of Vita Coco worth $22,250,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Coppell Advisory Solutions LLC grew its stake in shares of Vita Coco by 91.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company's stock valued at $47,000 after buying an additional 613 shares during the last quarter. CWM LLC grew its stake in Vita Coco by 14.7% in the first quarter. CWM LLC now owns 2,868 shares of the company's stock worth $88,000 after purchasing an additional 367 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Vita Coco in the first quarter worth approximately $111,000. Summit Investment Advisors Inc. grew its stake in Vita Coco by 9.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company's stock worth $152,000 after purchasing an additional 347 shares in the last quarter. Finally, US Bancorp DE grew its stake in Vita Coco by 7.5% in the first quarter. US Bancorp DE now owns 5,247 shares of the company's stock worth $161,000 after purchasing an additional 364 shares in the last quarter. Institutional investors own 88.49% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Evercore ISI increased their price objective on Vita Coco from $35.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wall Street Zen cut Vita Coco from a "buy" rating to a "hold" rating in a research note on Saturday, June 7th. Piper Sandler raised Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price objective on the stock in a research note on Wednesday. The Goldman Sachs Group set a $41.00 price objective on Vita Coco and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Morgan Stanley increased their price objective 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. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $38.38.

Vita Coco Stock Performance

Vita Coco stock traded up $0.71 during mid-day trading on Friday, reaching $36.73. 698,203 shares of the company were exchanged, compared to its average volume of 807,466. The business has a fifty day moving average of $35.92 and a 200 day moving average of $34.66. The firm has a market cap of $2.09 billion, a P/E ratio of 34.33, a PEG ratio of 1.94 and a beta of 0.37. Vita Coco Company, Inc. has a 12-month low of $24.09 and a 12-month high of $40.32.

Vita Coco (NASDAQ:COCO - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. Vita Coco had a return on equity of 24.99% and a net margin of 11.50%.The firm 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 business posted $0.32 EPS. The business'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. Sell-side analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Insider Activity

In related news, CMO Jane Prior sold 10,000 shares of the firm's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $37.07, for a total value of $370,700.00. Following the completion of the transaction, the chief marketing officer owned 134,188 shares in the company, valued at $4,974,349.16. This trade represents a 6.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Kenneth Sadowsky sold 3,900 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $37.65, for a total value of $146,835.00. Following the completion of the transaction, the director owned 631,666 shares of the company's stock, valued at $23,782,224.90. This trade represents a 0.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,800 shares of company stock worth $1,384,226. Insiders own 32.30% of the company's stock.

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.