Vita Coco Company, Inc. $COCO Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in Vita Coco Company, Inc. (NASDAQ:COCO) by 397.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,682 shares of the company’s stock after purchasing an additional 49,283 shares during the quarter. Quantinno Capital Management LP owned approximately 0.11% of Vita Coco worth $2,955,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its holdings in Vita Coco by 2,636.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock worth $28,000 after buying an additional 501 shares during the last quarter. Quarry LP increased its holdings in shares of Vita Coco by 12,633.3% in the 3rd quarter. Quarry LP now owns 764 shares of the company’s stock valued at $32,000 after acquiring an additional 758 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Vita Coco by 5,376.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after acquiring an additional 1,344 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of Vita Coco by 265.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,319 shares of the company’s stock worth $70,000 after acquiring an additional 958 shares in the last quarter. Finally, CWM LLC lifted its stake in Vita Coco by 18.2% during the fourth quarter. CWM LLC now owns 1,505 shares of the company’s stock worth $80,000 after purchasing an additional 232 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on COCO shares. Zacks Research upgraded shares of Vita Coco from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Vita Coco in a report on Wednesday, July 29th. The Goldman Sachs Group set a $90.00 target price on shares of Vita Coco and gave the company a “buy” rating in a research report on Thursday, July 23rd. Wall Street Zen cut shares of Vita Coco from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. Finally, Piper Sandler boosted their price target on shares of Vita Coco from $74.00 to $89.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.71.

Vita Coco Trading Down 2.9%

Shares of COCO opened at $62.25 on Friday. The company’s 50 day simple moving average is $73.01 and its 200-day simple moving average is $63.18. The firm has a market cap of $3.57 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.17 and a beta of 0.77. Vita Coco Company, Inc. has a 12-month low of $31.92 and a 12-month high of $85.83.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings results on Thursday, July 23rd. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.26. The firm had revenue of $216.15 million during the quarter, compared to analysts’ expectations of $210.64 million. Vita Coco had a net margin of 15.50% and a return on equity of 31.09%. Vita Coco’s quarterly revenue was up 28.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 EPS. As a group, equities research analysts forecast that Vita Coco Company, Inc. will post 1.96 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Ira Liran sold 96,158 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $79.14, for a total value of $7,609,944.12. Following the transaction, the director owned 476,421 shares of the company’s stock, valued at approximately $37,703,957.94. The trade was 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, Director Kenneth Sadowsky sold 3,900 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $82.92, for a total value of $323,388.00. Following the sale, the director owned 580,296 shares of the company’s stock, valued at $48,118,144.32. This trade represents a 0.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 385,845 shares of company stock worth $30,559,399. Insiders own 12.90% of the company’s stock.

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.