18,125 Vita Coco Company, Inc. $COCO Shares Bought by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC increased its stake in Vita Coco Company, Inc. (NASDAQ:COCO) by 31.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,990 shares of the company’s stock after buying an additional 18,125 shares during the period. Moody Aldrich Partners LLC’s holdings in Vita Coco were worth $4,351,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Vita Coco in the 2nd quarter worth approximately $463,654,000. Congress Asset Management Co. boosted its position in shares of Vita Coco by 2.8% during the third quarter. Congress Asset Management Co. now owns 1,240,321 shares of the company’s stock valued at $71,015,000 after purchasing an additional 33,219 shares in the last quarter. Bank of America Corp DE purchased a new stake in Vita Coco in the second quarter worth $56,722,000. Dimensional Fund Advisors LP grew its stake in Vita Coco by 6.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,073,413 shares of the company’s stock worth $51,422,000 after purchasing an additional 61,950 shares during the period. Finally, Algert Global LLC grew its stake in Vita Coco by 35.3% in the second quarter. Algert Global LLC now owns 296,102 shares of the company’s stock worth $19,584,000 after purchasing an additional 77,191 shares during the period. 88.49% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Piper Sandler increased their price objective on Vita Coco from $83.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, October 23rd. Wells Fargo & Company dropped their target price on shares of Vita Coco from $85.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. William Blair reaffirmed a “market perform” rating on shares of Vita Coco in a research report on Thursday, October 22nd. Weiss Ratings raised shares of Vita Coco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 14th. Finally, Zacks Research lowered shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 21st. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Vita Coco has a consensus rating of “Moderate Buy” and an average price target of $74.12.

Vita Coco Stock Performance

COCO stock opened at $56.37 on Thursday. The firm has a 50 day moving average price of $57.80 and a 200-day moving average price of $61.59. Vita Coco Company, Inc. has a 52-week low of $39.69 and a 52-week high of $85.83. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 28.33, a PEG ratio of 1.50 and a beta of 0.76.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.11. Vita Coco had a return on equity of 31.84% and a net margin of 15.70%. The firm had revenue of $243.83 million for the quarter, compared to analysts’ expectations of $230.10 million. During the same period in the previous year, the firm posted $0.40 EPS. The business’s revenue for the quarter was up 33.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Vita Coco Company, Inc. will post 2.06 earnings per share for the current fiscal year.

About Vita Coco

The Vita Coco Company, Inc is a beverage company focused on hydration and wellness products. Its flagship brand, Vita Coco, offers coconut water in a variety of formats and flavors, including original, flavored and pressed coconut water products. The company also markets other beverages under brands such as Ever & Ever, a plant-based water brand, and PWR LIFT, a functional hydration beverage.

Vita Coco products are sold through grocery stores, mass merchandisers, convenience stores, club retailers, e-commerce platforms and foodservice channels.