Deutsche Bank AG Acquires 11,674 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

Deutsche Bank AG raised its stake in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 150,343 shares of the company's stock after acquiring an additional 11,674 shares during the period. Deutsche Bank AG owned approximately 0.27% of Vita Coco worth $5,549,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Summit Investment Advisors Inc. increased its holdings in Vita Coco by 9.2% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company's stock valued at $152,000 after acquiring an additional 347 shares during the last quarter. Coppell Advisory Solutions LLC increased its holdings in Vita Coco by 91.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company's stock valued at $47,000 after acquiring an additional 613 shares during the last quarter. Moran Wealth Management LLC increased its holdings in Vita Coco by 4.8% in the 4th quarter. Moran Wealth Management LLC now owns 19,075 shares of the company's stock valued at $704,000 after acquiring an additional 871 shares during the last quarter. Jane Street Group LLC increased its holdings in Vita Coco by 1.3% in the 4th quarter. Jane Street Group LLC now owns 82,108 shares of the company's stock valued at $3,031,000 after acquiring an additional 1,078 shares during the last quarter. Finally, Summit Creek Advisors LLC increased its holdings in Vita Coco by 0.3% in the 4th quarter. Summit Creek Advisors LLC now owns 401,984 shares of the company's stock valued at $14,837,000 after acquiring an additional 1,193 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder Beverages Sa Verlinvest sold 3,766,762 shares of Vita Coco stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $34.25, for a total transaction of $129,011,598.50. Following the completion of the sale, the insider now owns 7,097,161 shares in the company, valued at $243,077,764.25. This trade represents a 34.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John Zupo sold 8,000 shares of Vita Coco stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $34.77, for a total transaction of $278,160.00. Following the sale, the director now owns 8,876 shares of the company's stock, valued at $308,618.52. The trade was a 47.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,830,762 shares of company stock valued at $131,219,259. Company insiders own 32.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Evercore ISI lifted their price objective 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. The Goldman Sachs Group set a $41.00 price objective on shares of Vita Coco and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Wells Fargo & Company dropped their price objective on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. Finally, Stephens reissued an "equal weight" rating and issued a $32.00 price objective on shares of Vita Coco in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.38.

Vita Coco Trading Down 1.5%

Shares of COCO stock traded down $0.56 during trading hours on Thursday, reaching $36.28. 405,430 shares of the stock were exchanged, compared to its average volume of 624,273. The Vita Coco Company, Inc. has a 12-month low of $23.56 and a 12-month high of $40.32. The company's 50-day moving average price is $32.44 and its 200-day moving average price is $34.78. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38.

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

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.