Ameritas Advisory Services LLC Buys Shares of 1,375 Vita Coco Company, Inc. $COCO

Ameritas Advisory Services LLC bought a new stake in Vita Coco Company, Inc. (NASDAQ:COCO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,375 shares of the company’s stock, valued at approximately $50,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Vita Coco by 2.1% in the first quarter. Vanguard Group Inc. now owns 2,642,306 shares of the company’s stock valued at $80,987,000 after acquiring an additional 53,172 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in shares of Vita Coco by 14.4% during the first quarter. Driehaus Capital Management LLC now owns 977,291 shares of the company’s stock worth $29,954,000 after purchasing an additional 122,674 shares during the last quarter. GW&K Investment Management LLC grew its holdings in shares of Vita Coco by 16.2% during the first quarter. GW&K Investment Management LLC now owns 756,646 shares of the company’s stock worth $23,191,000 after purchasing an additional 105,401 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Vita Coco by 14.6% during the first quarter. Aberdeen Group plc now owns 725,922 shares of the company’s stock worth $22,250,000 after purchasing an additional 92,590 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Vita Coco by 62.2% during the first quarter. Victory Capital Management Inc. now owns 645,225 shares of the company’s stock worth $19,776,000 after purchasing an additional 247,339 shares during the last quarter. Institutional investors own 88.49% of the company’s stock.

Insider Transactions at Vita Coco

In other Vita Coco news, COO Jonathan Burth sold 16,827 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $42.55, for a total value of $715,988.85. Following the transaction, the chief operating officer directly owned 76,127 shares of the company’s stock, valued at approximately $3,239,203.85. The trade was a 18.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Beverages Sa Verlinvest sold 3,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $40.77, for a total value of $122,310,000.00. Following the completion of the transaction, the insider directly owned 4,097,161 shares in the company, valued at approximately $167,041,253.97. This trade represents a 42.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,463,800 shares of company stock valued at $141,214,319. 34.20% of the stock is owned by insiders.

Vita Coco Stock Performance

Shares of COCO opened at $41.80 on Monday. Vita Coco Company, Inc. has a 52-week low of $25.79 and a 52-week high of $43.65. The business’s 50 day moving average price is $37.68 and its two-hundred day moving average price is $35.53. The firm has a market cap of $2.38 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 2.72 and a beta of 0.40.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.38 earnings per share (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 for the quarter, compared to analyst estimates of $162.20 million. During the same period in the previous year, the firm earned $0.32 earnings per share. The company’s revenue was up 17.1% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. Research analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Piper Sandler upgraded Vita Coco from a “neutral” rating to an “overweight” rating and set a $39.00 price target on the stock in a report on Wednesday, August 20th. The Goldman Sachs Group boosted their price target on Vita Coco from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Zacks Research lowered Vita Coco from a “hold” rating to a “strong sell” rating in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vita Coco in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price objective on Vita Coco from $45.00 to $47.00 and gave the stock an “overweight” rating in a research note on Thursday, September 25th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Vita Coco has an average rating of “Hold” and an average price target of $40.63.

Vita Coco Company 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.