Moody Aldrich Partners LLC Lowers Stake in Vita Coco Company, Inc. $COCO

Moody Aldrich Partners LLC decreased its position in Vita Coco Company, Inc. (NASDAQ:COCO) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,523 shares of the company’s stock after selling 1,544 shares during the quarter. Moody Aldrich Partners LLC owned 0.18% of Vita Coco worth $3,593,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Vita Coco by 1.2% in the first quarter. Principal Financial Group Inc. now owns 43,809 shares of the company’s stock valued at $1,343,000 after buying an additional 521 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Vita Coco by 6.2% during the 1st quarter. Bank of New York Mellon Corp now owns 133,572 shares of the company’s stock worth $4,094,000 after acquiring an additional 7,788 shares in the last quarter. Banque Pictet & Cie SA purchased a new position in Vita Coco during the 1st quarter valued at about $344,000. New York State Common Retirement Fund grew its position in Vita Coco by 29.6% in the 1st quarter. New York State Common Retirement Fund now owns 443,116 shares of the company’s stock valued at $13,582,000 after acquiring an additional 101,263 shares in the last quarter. Finally, CWM LLC increased its stake in Vita Coco by 14.7% during the first quarter. CWM LLC now owns 2,868 shares of the company’s stock worth $88,000 after purchasing an additional 367 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Vita Coco Stock Down 5.9%

Shares of Vita Coco stock opened at $42.61 on Friday. Vita Coco Company, Inc. has a 52-week low of $25.79 and a 52-week high of $48.67. The company has a market capitalization of $2.42 billion, a P/E ratio of 37.05, a P/E/G ratio of 2.94 and a beta of 0.40. The company has a 50 day moving average of $39.82 and a 200 day moving average of $36.60.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings data on Wednesday, October 29th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.08. The business had revenue of $182.31 million for the quarter, compared to analyst estimates of $154.96 million. Vita Coco had a net margin of 11.35% and a return on equity of 26.12%. The company’s revenue was up 37.2% on a year-over-year basis. During the same period last year, the business earned $0.32 EPS. Vita Coco has set its FY 2025 guidance at EPS. As a group, research analysts anticipate that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Martin Roper sold 1,835 shares of the company’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $42.74, for a total transaction of $78,427.90. Following the completion of the transaction, the chief executive officer directly owned 287,062 shares of the company’s stock, valued at approximately $12,269,029.88. This represents a 0.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Jonathan Burth sold 3,173 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $42.50, for a total value of $134,852.50. Following the sale, the chief operating officer directly owned 76,127 shares in the company, valued at $3,235,397.50. This trade represents a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,463,800 shares of company stock valued at $141,219,233 in the last ninety days. Insiders own 32.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on COCO shares. Wells Fargo & Company increased their price target on shares of Vita Coco from $47.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vita Coco in a research note on Wednesday, October 8th. Evercore ISI raised their price target on shares of Vita Coco from $45.00 to $50.00 and gave the company an “outperform” rating in a research report on Thursday. The Goldman Sachs Group boosted their price target on shares of Vita Coco from $47.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Piper Sandler set a $47.00 price objective on Vita Coco and gave the company an “overweight” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.29.

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.