State of Wyoming Grows Position in Vita Coco Company, Inc. $COCO

State of Wyoming raised its stake in Vita Coco Company, Inc. (NASDAQ:COCO) by 536.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,952 shares of the company’s stock after acquiring an additional 8,389 shares during the quarter. State of Wyoming’s holdings in Vita Coco were worth $477,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wasatch Advisors LP boosted its stake in shares of Vita Coco by 80.3% during the first quarter. Wasatch Advisors LP now owns 3,675,489 shares of the company’s stock valued at $176,093,000 after acquiring an additional 1,637,437 shares during the last quarter. Wellington Management Group LLP raised its stake in Vita Coco by 232.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,992,404 shares of the company’s stock valued at $84,617,000 after purchasing an additional 1,392,678 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in Vita Coco in the 4th quarter valued at about $73,242,000. Millennium Management LLC lifted its holdings in Vita Coco by 164.7% in the 3rd quarter. Millennium Management LLC now owns 1,225,803 shares of the company’s stock valued at $52,060,000 after purchasing an additional 762,731 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Vita Coco by 135.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,282,310 shares of the company’s stock valued at $54,460,000 after purchasing an additional 737,823 shares in the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Vita Coco Price Performance

COCO opened at $65.97 on Friday. Vita Coco Company, Inc. has a 12 month low of $31.79 and a 12 month high of $85.83. The business has a 50-day moving average of $75.33 and a two-hundred day moving average of $62.36. The stock has a market capitalization of $3.77 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 1.58 and a beta of 0.77.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings data on Thursday, July 23rd. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.26. Vita Coco had a net margin of 15.50% and a return on equity of 31.09%. The business had revenue of $216.15 million for the quarter, compared to analyst estimates of $210.64 million. During the same period in the prior year, the firm posted $0.38 EPS. The company’s revenue was up 28.1% on a year-over-year basis. Equities research analysts anticipate that Vita Coco Company, Inc. will post 1.88 earnings per share for the current year.

Insider Activity at Vita Coco

In other Vita Coco news, Director Ira Liran sold 96,158 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $79.14, for a total transaction of $7,609,944.12. Following the transaction, the director owned 476,421 shares of the company’s stock, valued at $37,703,957.94. This trade represents a 16.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Michael Kirban sold 50,000 shares of Vita Coco stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $68.00, for a total transaction of $3,400,000.00. Following the completion of the transaction, the chairman owned 515,681 shares in the company, valued at approximately $35,066,308. This trade represents a 8.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 571,950 shares of company stock worth $42,461,695. 12.90% of the stock is currently owned by company insiders.

Vita Coco News Summary

Here are the key news stories impacting Vita Coco this week:

• Positive Sentiment: Vita Coco delivered a big Q2 beat, with earnings of $0.82 per share versus $0.56 expected and revenue of $216.15 million above estimates. The company also raised full-year 2026 guidance for net sales to $790 million-$805 million and adjusted EBITDA to $154 million-$161 million, signaling stronger momentum ahead. Article Title
• Positive Sentiment: The company announced the acquisition of Copra, a Thai Nam Hom coconut water producer, which should help Vita Coco expand into the fast-growing super-premium coconut water market and support category growth. Article Title
• Positive Sentiment: Analyst sentiment improved after the results, with Evercore raising its price target to $80 from $75 and Piper Sandler lifting its target to $89 from $74, reflecting confidence in continued upside. Article Title
• Neutral Sentiment: The company’s acquisition also comes with added execution complexity, and a newly highlighted manufacturing risk around in-house Copra production may make investors more cautious about integration and operational costs. Article Title

Analysts Set New Price Targets

COCO has been the topic of several analyst reports. Wall Street Zen cut shares of Vita Coco from a “buy” rating to a “hold” rating in a research note on Saturday. Morgan Stanley set a $65.00 price objective on shares of Vita Coco in a research note on Thursday, April 30th. Citigroup restated a “buy” rating on shares of Vita Coco in a research report on Tuesday, May 26th. Weiss Ratings raised shares of Vita Coco from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Finally, Piper Sandler boosted their price target on Vita Coco from $74.00 to $89.00 and gave the company an “overweight” rating in a report on Friday. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.29.

Vita Coco Profile

Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.

The company’s flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.