LVW Advisors LLC Buys 1,116 Shares of Vita Coco Company, Inc. $COCO

LVW Advisors LLC raised its stake in Vita Coco Company, Inc. (NASDAQ:COCO) by 14.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,611 shares of the company’s stock after purchasing an additional 1,116 shares during the period. LVW Advisors LLC’s holdings in Vita Coco were worth $311,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COCO. Millennium Management LLC increased its stake in Vita Coco by 24.9% in the fourth quarter. Millennium Management LLC now owns 25,515 shares of the company’s stock valued at $942,000 after purchasing an additional 5,087 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Vita Coco by 1.6% in the fourth 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 purchasing an additional 2,587 shares in the last quarter. Wellington Management Group LLP increased its stake in Vita Coco by 173.2% in the fourth quarter. Wellington Management Group LLP now owns 252,941 shares of the company’s stock valued at $9,336,000 after purchasing an additional 160,353 shares in the last quarter. GAMMA Investing LLC increased its stake in Vita Coco by 3,258.2% in the first quarter. GAMMA Investing LLC now owns 26,328 shares of the company’s stock valued at $859,000 after purchasing an additional 25,544 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Vita Coco by 6.3% during the first quarter. Rhumbline Advisers now owns 57,168 shares of the company’s stock worth $1,752,000 after acquiring an additional 3,393 shares in the last quarter. 88.49% of the stock is owned by institutional investors.

Vita Coco Stock Performance

Shares of COCO stock opened at $39.96 on Monday. Vita Coco Company, Inc. has a 52-week low of $25.79 and a 52-week high of $42.81. The company has a 50-day simple moving average of $36.65 and a two-hundred day simple moving average of $34.96. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 37.35, a PEG ratio of 2.12 and a beta of 0.36.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.38 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $162.20 million. During the same period in the prior year, the firm posted $0.32 EPS. The firm’s quarterly revenue was up 17.1% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Vita Coco from $45.00 to $47.00 and gave the stock an “overweight” rating in a research report on Thursday. Wall Street Zen downgraded shares of Vita Coco from a “buy” rating to a “hold” rating in a research report on Saturday, June 7th. Morgan Stanley boosted their target price on shares of Vita Coco from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday. Needham & Company LLC assumed coverage on shares of Vita Coco in a research report on Wednesday, September 24th. They set a “hold” rating for the company. Finally, Piper Sandler raised shares of Vita Coco from a “neutral” rating to an “overweight” rating and set a $39.00 target price for the company in a research report on Wednesday, August 20th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Insider Activity

In other Vita Coco news, insider Es Charles Van sold 20,000 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $42.04, for a total value of $840,800.00. Following the transaction, the insider directly owned 84,328 shares in the company, valued at $3,545,149.12. The trade was a 19.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Martin Roper sold 1,200 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $40.17, for a total transaction of $48,204.00. Following the completion of the transaction, the chief executive officer owned 252,515 shares in the company, valued at approximately $10,143,527.55. The trade was a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,412,733 shares of company stock valued at $138,973,374. 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.