Vita Coco Company, Inc. (NASDAQ:COCO) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Vita Coco Company, Inc. (NASDAQ:COCOFree Report) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,809 shares of the company’s stock after purchasing an additional 521 shares during the quarter. Principal Financial Group Inc. owned 0.08% of Vita Coco worth $1,343,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of COCO. Coppell Advisory Solutions LLC raised its position in Vita Coco by 91.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock worth $47,000 after acquiring an additional 613 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Vita Coco by 9.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company’s stock valued at $152,000 after buying an additional 347 shares in the last quarter. IHT Wealth Management LLC purchased a new position in shares of Vita Coco in the fourth quarter valued at $216,000. Goldstone Financial Group LLC purchased a new position in shares of Vita Coco in the first quarter valued at $231,000. Finally, Townsquare Capital LLC purchased a new position in shares of Vita Coco in the fourth quarter valued at $291,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Vita Coco

In related news, Director John Zupo sold 8,000 shares of the stock in a transaction dated 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 directly owned 8,876 shares of the company’s stock, valued at approximately $308,618.52. This represents a 47.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Es Charles Van sold 10,000 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $38.02, for a total value of $380,200.00. Following the completion of the sale, the insider directly owned 94,127 shares of the company’s stock, valued at approximately $3,578,708.54. This represents a 9.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,846,562 shares of company stock worth $131,933,805 in the last three months. Insiders own 32.30% of the company’s stock.

Vita Coco Stock Down 0.3%

Shares of Vita Coco stock opened at $39.16 on Friday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 38.77, a price-to-earnings-growth ratio of 2.10 and a beta of 0.37. The business has a fifty day simple moving average of $35.81 and a 200-day simple moving average of $34.80. Vita Coco Company, Inc. has a fifty-two week low of $23.56 and a fifty-two week high of $40.32.

Vita Coco (NASDAQ:COCOGet Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.22 by $0.09. The business had revenue of $130.92 million during the quarter, compared to the consensus estimate of $125.64 million. Vita Coco had a return on equity of 25.08% and a net margin of 11.32%. Vita Coco’s revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.24 earnings per share. Analysts anticipate that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Evercore ISI lifted their price objective on Vita Coco from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. The Goldman Sachs Group set a $41.00 price target on Vita Coco and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Stephens reissued an “equal weight” rating and issued a $32.00 price target on shares of Vita Coco in a research note on Thursday, March 27th. Wall Street Zen lowered Vita Coco from a “buy” rating to a “hold” rating in a research note on Saturday, June 7th. Finally, Wells Fargo & Company raised their price target on Vita Coco from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $37.00.

Read Our Latest Stock Report on COCO

Vita Coco Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vita Coco (NASDAQ:COCO)

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