21,298 Shares in Vita Coco Company, Inc. $COCO Bought by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new position in shares of Vita Coco Company, Inc. (NASDAQ:COCO) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 21,298 shares of the company’s stock, valued at approximately $769,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. US Bancorp DE grew its position in Vita Coco by 7.5% during the 1st quarter. US Bancorp DE now owns 5,247 shares of the company’s stock worth $161,000 after purchasing an additional 364 shares during the period. CWM LLC grew its position in Vita Coco by 14.7% during the 1st 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. Principal Financial Group Inc. grew its position in Vita Coco by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 43,809 shares of the company’s stock worth $1,343,000 after purchasing an additional 521 shares during the period. Credit Agricole S A grew its position in Vita Coco by 1.5% during the 1st quarter. Credit Agricole S A now owns 36,140 shares of the company’s stock worth $1,108,000 after purchasing an additional 521 shares during the period. Finally, Moran Wealth Management LLC grew its position in Vita Coco by 3.9% during the 2nd quarter. Moran Wealth Management LLC now owns 19,376 shares of the company’s stock worth $699,000 after purchasing an additional 731 shares during the period. 88.49% of the stock is owned by institutional investors and hedge funds.

Vita Coco Stock Down 0.9%

NASDAQ:COCO opened at $40.82 on Tuesday. Vita Coco Company, Inc. has a 52 week low of $25.79 and a 52 week high of $48.67. The stock has a market capitalization of $2.32 billion, a PE ratio of 35.50, a price-to-earnings-growth ratio of 2.58 and a beta of 0.39. The stock’s 50-day moving average price is $40.04 and its 200-day moving average price is $36.81.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.08. Vita Coco had a return on equity of 25.08% and a net margin of 11.35%.The company had revenue of $182.31 million for the quarter, compared to analysts’ expectations of $154.96 million. During the same period in the previous year, the firm posted $0.32 EPS. Vita Coco’s revenue was up 37.2% compared to the same quarter last year. Vita Coco has set its FY 2025 guidance at EPS. Sell-side analysts expect that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Michael Kirban sold 14,898 shares of Vita Coco stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $44.21, for a total value of $658,640.58. Following the sale, the chairman directly owned 1,484,151 shares in the company, valued at approximately $65,614,315.71. The trade was a 0.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Jane Prior sold 10,000 shares of Vita Coco stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $45.24, for a total value of $452,400.00. Following the completion of the sale, the chief marketing officer owned 123,666 shares in the company, valued at approximately $5,594,649.84. The trade was a 7.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,601,532 shares of company stock worth $147,494,947 in the last quarter. 34.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

COCO has been the topic of several analyst reports. Morgan Stanley increased their price target on Vita Coco from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 25th. Zacks Research downgraded Vita Coco from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 9th. Evercore ISI increased their price target on Vita Coco from $45.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, October 30th. Needham & Company LLC assumed coverage on Vita Coco in a research report on Wednesday, September 24th. They set a “hold” rating on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Vita Coco in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $45.29.

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.