Aviva PLC Sells 3,757 Shares of Vita Coco Company, Inc. $COCO

Aviva PLC decreased its stake in shares of Vita Coco Company, Inc. (NASDAQ:COCO) by 22.1% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 13,235 shares of the company’s stock after selling 3,757 shares during the period. Aviva PLC’s holdings in Vita Coco were worth $478,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in COCO. US Bancorp DE lifted its holdings in shares of Vita Coco by 7.5% in the first quarter. US Bancorp DE now owns 5,247 shares of the company’s stock worth $161,000 after buying an additional 364 shares in the last quarter. CWM LLC lifted its stake in Vita Coco by 14.7% in the 1st quarter. CWM LLC now owns 2,868 shares of the company’s stock worth $88,000 after purchasing an additional 367 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Vita Coco by 1.2% in the 1st quarter. Principal Financial Group Inc. now owns 43,809 shares of the company’s stock valued at $1,343,000 after purchasing an additional 521 shares during the period. Credit Agricole S A grew its position in shares of Vita Coco by 1.5% during the 1st quarter. Credit Agricole S A now owns 36,140 shares of the company’s stock valued at $1,108,000 after purchasing an additional 521 shares in the last quarter. Finally, Moran Wealth Management LLC grew its position in shares of Vita Coco by 3.9% during the 2nd quarter. Moran Wealth Management LLC now owns 19,376 shares of the company’s stock valued at $699,000 after purchasing an additional 731 shares in the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Vita Coco Stock Performance

COCO stock opened at $43.13 on Friday. The company has a market capitalization of $2.46 billion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 2.70 and a beta of 0.39. Vita Coco Company, Inc. has a one year low of $25.79 and a one year high of $48.67. The company’s 50 day moving average price is $41.04 and its two-hundred day moving average price is $37.33.

Vita Coco (NASDAQ:COCO) last released its earnings results on Wednesday, October 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The company had revenue of $182.31 million during the quarter, compared to analyst estimates of $154.96 million. Vita Coco had a return on equity of 25.08% and a net margin of 11.35%.Vita Coco’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.32 EPS. Vita Coco has set its FY 2025 guidance at EPS. On average, research analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on COCO. The Goldman Sachs Group increased their price objective on Vita Coco from $47.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Morgan Stanley lifted their price target on Vita Coco from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, September 25th. Wells Fargo & Company boosted their price objective on Vita Coco from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, October 30th. Evercore ISI raised their target price on shares of Vita Coco from $45.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, October 30th. Finally, Zacks Research upgraded shares of Vita Coco from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.29.

Insider Activity at Vita Coco

In other Vita Coco news, major shareholder Beverages Sa Verlinvest sold 3,000,000 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 4,097,161 shares in the company, valued at $167,041,253.97. This trade represents a 42.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Jonathan Burth sold 22,334 shares of the company’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $45.94, for a total value of $1,026,023.96. Following the transaction, the chief operating officer owned 76,127 shares in the company, valued at $3,497,274.38. This trade represents a 22.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,651,532 shares of company stock valued at $149,565,247 in the last three months. Corporate insiders own 32.30% of the company’s stock.

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.