Woodson Capital Management LP Boosts Stock Holdings in The Vita Coco Company, Inc. (NASDAQ:COCO)

Woodson Capital Management LP raised its stake in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 4.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 709,615 shares of the company’s stock after acquiring an additional 30,553 shares during the quarter. Vita Coco comprises 4.3% of Woodson Capital Management LP’s portfolio, making the stock its 9th biggest holding. Woodson Capital Management LP’s holdings in Vita Coco were worth $26,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of COCO. Wasatch Advisors LP raised its holdings in Vita Coco by 17.8% during the fourth quarter. Wasatch Advisors LP now owns 2,828,868 shares of the company’s stock valued at $104,414,000 after buying an additional 427,871 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Vita Coco by 382.2% in the fourth quarter. Bank of America Corp DE now owns 512,120 shares of the company’s stock worth $18,902,000 after purchasing an additional 405,913 shares during the period. Driehaus Capital Management LLC increased its stake in shares of Vita Coco by 77.3% in the fourth quarter. Driehaus Capital Management LLC now owns 854,617 shares of the company’s stock worth $31,544,000 after purchasing an additional 372,633 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Vita Coco in the fourth quarter worth about $10,715,000. Finally, Raymond James Financial Inc. bought a new position in shares of Vita Coco in the fourth quarter worth about $7,985,000. 88.49% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COCO shares. Stephens reiterated an “equal weight” rating and issued a $32.00 price objective on shares of Vita Coco in a research note on Thursday, March 27th. Wells Fargo & Company decreased their target price on Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a research report on Thursday, February 27th. The Goldman Sachs Group set a $41.00 target price on Vita Coco and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Finally, Evercore ISI lifted their target price on Vita Coco from $35.00 to $38.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.38.

Vita Coco Trading Up 1.4%

NASDAQ COCO opened at $36.12 on Tuesday. The stock’s 50 day moving average is $32.34 and its two-hundred day moving average is $34.75. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 2.25 and a beta of 0.38. The Vita Coco Company, Inc. has a 1-year low of $23.56 and a 1-year high of $40.32.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.09. The company had revenue of $130.92 million for the quarter, compared to the consensus estimate of $125.64 million. Vita Coco had a return on equity of 26.49% and a net margin of 11.99%. The company’s quarterly revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. On average, analysts predict that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Insider Transactions at Vita Coco

In other news, COO Jonathan Burth sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $32.69, for a total value of $326,900.00. Following the transaction, the chief operating officer now directly owns 94,108 shares of the company’s stock, valued at $3,076,390.52. The trade was a 9.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ira Liran sold 1,723 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $40.02, for a total value of $68,954.46. Following the completion of the transaction, the director now directly owns 812,579 shares in the company, valued at $32,519,411.58. The trade was a 0.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,832,485 shares of company stock valued at $131,288,213 in the last three months. 32.30% of the stock is owned by corporate insiders.

About Vita Coco

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.