Moody Aldrich Partners LLC Reduces Holdings in Vita Coco Company, Inc. $COCO

Moody Aldrich Partners LLC lowered its position in shares of Vita Coco Company, Inc. (NASDAQ:COCO) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 99,523 shares of the company’s stock after selling 1,544 shares during the period. Moody Aldrich Partners LLC’s holdings in Vita Coco were worth $3,593,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in COCO. Ameritas Advisory Services LLC purchased a new position in Vita Coco during the 2nd quarter worth approximately $50,000. CWM LLC boosted its holdings in shares of Vita Coco by 14.7% in the first quarter. CWM LLC now owns 2,868 shares of the company’s stock valued at $88,000 after acquiring an additional 367 shares during the period. Militia Capital Partners LP grew its position in shares of Vita Coco by 60.0% during the first quarter. Militia Capital Partners LP now owns 3,200 shares of the company’s stock worth $98,000 after acquiring an additional 1,200 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Vita Coco in the 1st quarter valued at $111,000. Finally, US Bancorp DE raised its position in Vita Coco by 7.5% in 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. 88.49% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COCO has been the topic of several research reports. Wells Fargo & Company raised their price objective 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 restated a “buy (b-)” rating on shares of Vita Coco in a research report on Wednesday, October 8th. Needham & Company LLC initiated coverage on Vita Coco in a research report on Wednesday, September 24th. They set a “hold” rating for the company. The Goldman Sachs Group boosted their target price on Vita Coco from $47.00 to $52.00 and gave the company a “buy” rating in a report on Thursday. Finally, Piper Sandler set a $47.00 price target on Vita Coco and gave the stock an “overweight” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $45.29.

Insiders Place Their Bets

In related news, COO Jonathan Burth sold 3,173 shares of the business’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $42.50, for a total transaction of $134,852.50. Following the sale, the chief operating officer owned 76,127 shares of the company’s stock, valued at approximately $3,235,397.50. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth Sadowsky sold 3,900 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $38.91, for a total value of $151,749.00. Following the sale, the director directly owned 619,966 shares in the company, valued at $24,122,877.06. This trade represents a 0.63% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,463,800 shares of company stock worth $141,219,233. Corporate insiders own 32.30% of the company’s stock.

Vita Coco Trading Down 5.9%

Shares of COCO opened at $42.61 on Friday. The stock’s 50 day moving average is $39.82 and its two-hundred day moving average is $36.60. Vita Coco Company, Inc. has a twelve month low of $25.79 and a twelve month high of $48.67. The firm has a market capitalization of $2.42 billion, a PE ratio of 37.05, a P/E/G ratio of 2.94 and a beta of 0.40.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.32 by $0.08. Vita Coco had a return on equity of 26.12% and a net margin of 11.35%.The business had revenue of $182.31 million during the quarter, compared to analysts’ expectations of $154.96 million. During the same period last year, the firm earned $0.32 EPS. The company’s quarterly revenue was up 37.2% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Vita Coco 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.