The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Acquired by Woodson Capital Management LP

Woodson Capital Management LP boosted its holdings in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 709,615 shares of the company's stock after purchasing an additional 30,553 shares during the quarter. Vita Coco accounts for about 4.3% of Woodson Capital Management LP's portfolio, making the stock its 9th largest holding. Woodson Capital Management LP owned approximately 1.25% of Vita Coco worth $26,192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of COCO. Wasatch Advisors LP raised its stake in Vita Coco by 17.8% in the 4th quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company's stock worth $104,414,000 after purchasing an additional 427,871 shares in the last quarter. Bank of America Corp DE raised its stake in Vita Coco by 382.2% in the 4th quarter. Bank of America Corp DE now owns 512,120 shares of the company's stock worth $18,902,000 after purchasing an additional 405,913 shares in the last quarter. Driehaus Capital Management LLC raised its stake in Vita Coco by 77.3% in the 4th quarter. Driehaus Capital Management LLC now owns 854,617 shares of the company's stock worth $31,544,000 after purchasing an additional 372,633 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in shares of Vita Coco in the 4th quarter valued at approximately $10,715,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Vita Coco in the 4th quarter valued at approximately $7,985,000. Institutional investors and hedge funds own 88.49% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COCO. Wells Fargo & Company dropped their target price on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. The Goldman Sachs Group set a $41.00 target price on shares of Vita Coco and gave the company a "buy" rating in a research report on Wednesday, April 30th. Stephens restated an "equal weight" rating and issued a $32.00 target price on shares of Vita Coco in a research report on Thursday, March 27th. Finally, Evercore ISI boosted their target price on shares of Vita Coco from $35.00 to $38.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Vita Coco has a consensus rating of "Moderate Buy" and a consensus target price of $35.38.

Insider Activity at Vita Coco

In related news, Director John Zupo sold 8,000 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $34.77, for a total value of $278,160.00. Following the completion of the sale, the director now directly owns 8,876 shares in the company, valued at $308,618.52. This represents a 47.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Beverages Sa Verlinvest sold 3,766,762 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $34.25, for a total value of $129,011,598.50. Following the completion of the sale, the insider now owns 7,097,161 shares of the company's stock, valued at $243,077,764.25. The trade was a 34.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,864,762 shares of company stock valued at $132,479,079. 32.30% of the stock is owned by insiders.

Vita Coco Stock Performance

Shares of Vita Coco stock traded down $0.08 during midday trading on Friday, hitting $36.20. 466,743 shares of the company traded hands, compared to its average volume of 627,979. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 36.57, a PEG ratio of 2.25 and a beta of 0.38. The firm's fifty day moving average price is $32.49 and its 200-day moving average price is $34.79. The Vita Coco Company, Inc. has a 12 month low of $23.56 and a 12 month high of $40.32.

Vita Coco (NASDAQ:COCO - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.09. The company had revenue of $130.92 million for the quarter, compared to analyst estimates of $125.64 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The firm's revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 EPS. Equities research analysts forecast that The Vita Coco Company, Inc. will post 1.07 earnings per share 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.