Thrivent Financial for Lutherans Purchases New Holdings in The Vita Coco Company, Inc. (NASDAQ:COCO)

Thrivent Financial for Lutherans purchased a new stake in The Vita Coco Company, Inc. (NASDAQ:COCO) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 290,309 shares of the company’s stock, valued at approximately $10,715,000. Thrivent Financial for Lutherans owned approximately 0.51% of Vita Coco at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wasatch Advisors LP lifted its stake in Vita Coco by 299.0% in the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock valued at $67,972,000 after buying an additional 1,799,168 shares in the last quarter. Geode Capital Management LLC lifted its stake in Vita Coco by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company’s stock valued at $29,494,000 after buying an additional 101,823 shares in the last quarter. State Street Corp lifted its stake in Vita Coco by 4.7% in the 3rd quarter. State Street Corp now owns 876,774 shares of the company’s stock valued at $24,821,000 after buying an additional 39,431 shares in the last quarter. Woodson Capital Management LP purchased a new position in Vita Coco in the 3rd quarter valued at about $19,224,000. Finally, Lord Abbett & CO. LLC raised its holdings in Vita Coco by 21.1% in the 3rd quarter. Lord Abbett & CO. LLC now owns 460,416 shares of the company’s stock valued at $13,034,000 after acquiring an additional 80,128 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vita Coco

In related news, Director Ira Liran sold 20,235 shares of Vita Coco stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $40.07, for a total value of $810,816.45. Following the completion of the sale, the director now owns 814,302 shares in the company, valued at approximately $32,629,081.14. This trade represents a 2.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Michael Kirban sold 20,000 shares of Vita Coco stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $34.57, for a total transaction of $691,400.00. Following the completion of the sale, the chairman now owns 2,006,229 shares of the company’s stock, valued at $69,355,336.53. This trade represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 83,410 shares of company stock worth $3,017,811 in the last 90 days. Insiders own 34.20% of the company’s stock.

Vita Coco Price Performance

Shares of NASDAQ COCO opened at $35.51 on Friday. The company has a 50 day simple moving average of $36.31 and a 200-day simple moving average of $33.69. The company has a market capitalization of $2.02 billion, a P/E ratio of 35.87, a P/E/G ratio of 2.25 and a beta of 0.34. The Vita Coco Company, Inc. has a 1 year low of $23.00 and a 1 year high of $40.32.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company cut their price objective on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, February 27th. The Goldman Sachs Group increased their price objective on shares of Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Bank of America increased their price objective on shares of Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Finally, Stephens downgraded shares of Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective for the company. in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.14.

Vita Coco Company 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.