Ameritas Advisory Services LLC Purchases Shares of 1,375 Vita Coco Company, Inc. $COCO

Ameritas Advisory Services LLC purchased a new stake in shares of Vita Coco Company, Inc. (NASDAQ:COCO) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,375 shares of the company’s stock, valued at approximately $50,000.

Other hedge funds have also added to or reduced their stakes in the company. CWM LLC lifted its holdings in Vita Coco by 14.7% during the 1st quarter. CWM LLC now owns 2,868 shares of the company’s stock valued at $88,000 after purchasing an additional 367 shares during the last quarter. Militia Capital Partners LP lifted its holdings in Vita Coco by 60.0% during the 1st quarter. Militia Capital Partners LP now owns 3,200 shares of the company’s stock valued at $98,000 after purchasing an additional 1,200 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Vita Coco during the 1st quarter valued at $111,000. US Bancorp DE lifted its holdings in Vita Coco by 7.5% during the 1st quarter. US Bancorp DE now owns 5,247 shares of the company’s stock valued at $161,000 after purchasing an additional 364 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Vita Coco by 16.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,343 shares of the company’s stock valued at $164,000 after purchasing an additional 758 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Insiders Place Their Bets

In related news, COO Jonathan Burth sold 16,827 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $42.55, for a total value of $715,988.85. Following the completion of the transaction, the chief operating officer owned 76,127 shares of the company’s stock, valued at $3,239,203.85. The trade was a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Michael Kirban sold 30,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $39.16, for a total value of $1,174,800.00. Following the completion of the transaction, the chairman directly owned 1,599,049 shares of the company’s stock, valued at approximately $62,618,758.84. This trade represents a 1.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 3,463,800 shares of company stock valued at $141,214,319 over the last 90 days. 34.20% of the stock is owned by company insiders.

Vita Coco Stock Down 2.3%

COCO stock opened at $41.80 on Monday. The company has a market cap of $2.38 billion, a PE ratio of 39.07, a price-to-earnings-growth ratio of 2.72 and a beta of 0.40. The business has a 50-day simple moving average of $37.68 and a 200 day simple moving average of $35.53. Vita Coco Company, Inc. has a 52 week low of $25.79 and a 52 week high of $43.65.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $168.76 million during the quarter, compared to the consensus estimate of $162.20 million. Vita Coco had a return on equity of 24.99% and a net margin of 11.50%.Vita Coco’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Vita Coco has set its FY 2025 guidance at EPS. On average, analysts anticipate that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Analysts Set New Price Targets

COCO has been the subject of several research reports. Piper Sandler raised Vita Coco from a “neutral” rating to an “overweight” rating and set a $39.00 price target for the company in a report on Wednesday, August 20th. The Goldman Sachs Group lifted their target price on Vita Coco from $41.00 to $47.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Zacks Research downgraded Vita Coco from a “hold” rating to a “strong sell” rating in a report on Thursday. Needham & Company LLC started coverage on Vita Coco in a report on Wednesday, September 24th. They set a “hold” rating for the company. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Vita Coco in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Vita Coco presently has a consensus rating of “Hold” and an average price target of $40.63.

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.