Captrust Financial Advisors Acquires 11,815 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

Captrust Financial Advisors increased its holdings in The Vita Coco Company, Inc. (NASDAQ:COCO) by 55.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,106 shares of the company’s stock after purchasing an additional 11,815 shares during the period. Captrust Financial Advisors’ holdings in Vita Coco were worth $1,222,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC raised its position in Vita Coco by 84.9% during the 4th quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in shares of Vita Coco by 91.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock worth $47,000 after acquiring an additional 613 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new stake in Vita Coco in the fourth quarter valued at approximately $52,000. Venturi Wealth Management LLC bought a new stake in Vita Coco in the fourth quarter valued at approximately $66,000. Finally, Summit Investment Advisors Inc. boosted its holdings in Vita Coco by 9.2% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company’s stock valued at $152,000 after acquiring an additional 347 shares during the last quarter. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Vita Coco Price Performance

Shares of NASDAQ:COCO opened at $33.99 on Thursday. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 34.33, a PEG ratio of 2.25 and a beta of 0.38. The Vita Coco Company, Inc. has a one year low of $23.56 and a one year high of $40.32. The firm has a fifty day moving average price of $32.31 and a two-hundred day moving average price of $34.58.

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

Insider Transactions at Vita Coco

In related news, COO Jonathan Burth sold 700 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $40.25, for a total transaction of $28,175.00. Following the transaction, the chief operating officer now directly owns 104,108 shares in the company, valued at $4,190,347. This trade represents a 0.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Beverages Sa Verlinvest sold 3,766,762 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $34.25, for a total transaction of $129,011,598.50. Following the completion of the transaction, the insider now owns 7,097,161 shares in the company, valued at $243,077,764.25. This represents a 34.67% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,853,420 shares of company stock worth $132,127,204. 32.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on COCO. The Goldman Sachs Group set a $41.00 target price on shares of Vita Coco and gave the stock a “buy” rating in a research note on Wednesday, April 30th. Stephens reissued an “equal weight” rating and issued a $32.00 price objective on shares of Vita Coco in a research report on Thursday, March 27th. Wells Fargo & Company cut 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. 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 report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $35.38.

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.