Vita Coco Company, Inc. $COCO Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC trimmed its holdings in shares of Vita Coco Company, Inc. (NASDAQ:COCO) by 4.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 147,256 shares of the company’s stock after selling 7,637 shares during the quarter. Segall Bryant & Hamill LLC owned 0.26% of Vita Coco worth $7,055,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wasatch Advisors LP boosted its stake in Vita Coco by 80.3% during the first quarter. Wasatch Advisors LP now owns 3,675,489 shares of the company’s stock worth $176,093,000 after buying an additional 1,637,437 shares during the period. Vanguard Group Inc. raised its stake in shares of Vita Coco by 8.2% in the 4th quarter. Vanguard Group Inc. now owns 3,149,584 shares of the company’s stock valued at $166,959,000 after acquiring an additional 237,510 shares during the period. Wellington Management Group LLP boosted its position in shares of Vita Coco by 22.1% during the 4th quarter. Wellington Management Group LLP now owns 2,432,362 shares of the company’s stock worth $128,940,000 after purchasing an additional 439,958 shares during the period. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Vita Coco during the 4th quarter worth approximately $73,242,000. Finally, Ameriprise Financial Inc. increased 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 during the last quarter. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Es Charles Van sold 8,045 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $75.05, for a total transaction of $603,777.25. Following the sale, the insider directly owned 59,085 shares in the company, valued at approximately $4,434,329.25. This represents a 11.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ira Liran sold 73,842 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $80.32, for a total transaction of $5,930,989.44. Following the completion of the sale, the director directly owned 402,579 shares in the company, valued at approximately $32,335,145.28. This trade represents a 15.50% 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. Insiders sold 414,406 shares of company stock worth $32,558,669 over the last 90 days. 12.90% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on COCO shares. Weiss Ratings restated a “buy (b)” rating on shares of Vita Coco in a research note on Wednesday. The Goldman Sachs Group set a $90.00 price objective on Vita Coco and gave the company a “buy” rating in a report on Thursday, July 23rd. Piper Sandler increased their target price on Vita Coco from $74.00 to $89.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Evercore lifted their target price on Vita Coco from $75.00 to $80.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Finally, Wall Street Zen lowered shares of Vita Coco from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.71.

Vita Coco Stock Performance

Vita Coco stock opened at $65.94 on Monday. The firm has a market capitalization of $3.78 billion, a P/E ratio of 36.43, a P/E/G ratio of 1.24 and a beta of 0.77. Vita Coco Company, Inc. has a twelve month low of $31.79 and a twelve month high of $85.83. The stock’s fifty day simple moving average is $74.30 and its 200-day simple moving average is $62.88.

Vita Coco (NASDAQ:COCO) last released its earnings results on Thursday, July 23rd. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.26. Vita Coco had a return on equity of 31.09% and a net margin of 15.50%.The firm had revenue of $216.15 million during the quarter, compared to analyst estimates of $210.64 million. During the same period last year, the business posted $0.38 earnings per share. Vita Coco’s revenue was up 28.1% compared to the same quarter last year. Sell-side analysts predict that Vita Coco Company, Inc. will post 1.96 earnings per share for the current year.

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.