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 Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 14.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 725,922 shares of the company's stock after acquiring 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 institutional investors also recently bought and sold shares of the company. Coppell Advisory Solutions LLC raised its holdings in shares of Vita Coco by 91.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company's stock worth $47,000 after buying an additional 613 shares during the last quarter. CWM LLC lifted its position in Vita Coco by 14.7% during the 1st quarter. CWM LLC now owns 2,868 shares of the company's stock worth $88,000 after acquiring an additional 367 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Vita Coco during the 1st quarter valued at about $111,000. Summit Investment Advisors Inc. increased its holdings in shares of Vita Coco by 9.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company's stock valued at $152,000 after purchasing an additional 347 shares during the period. Finally, US Bancorp DE raised its stake in shares of 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 during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Vita Coco Stock Performance

Shares of NASDAQ:COCO traded up $0.5950 during midday trading on Friday, hitting $36.6150. The company's stock had a trading volume of 429,344 shares, compared to its average volume of 723,242. The company has a market cap of $2.08 billion, a P/E ratio of 34.21, a price-to-earnings-growth ratio of 1.90 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. The business's 50 day simple moving average is $35.85 and its 200 day simple moving average is $34.68.

Vita Coco (NASDAQ:COCO - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share 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 for the quarter, compared to analyst estimates of $162.20 million. During the same period last year, the company posted $0.32 EPS. The business's revenue was up 17.1% on a year-over-year basis. Vita Coco has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. The Goldman Sachs Group set a $41.00 price objective on Vita Coco and gave the stock a "buy" rating in a research report on Wednesday, April 30th. Morgan Stanley increased their price target on shares of Vita Coco from $35.00 to $38.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Piper Sandler raised shares of Vita Coco from a "neutral" rating to an "overweight" rating and set a $39.00 price objective for the company in a report on Wednesday. Wells Fargo & Company increased their target price on shares of Vita Coco from $43.00 to $45.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Wall Street Zen cut Vita Coco from a "buy" rating to a "hold" rating in a report on Saturday, June 7th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Vita Coco currently has an average rating of "Moderate Buy" and a consensus price target of $38.38.

Insiders Place Their Bets

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