SG Americas Securities LLC Makes New $372,000 Investment in Vita Coco Company, Inc. $COCO

SG Americas Securities LLC bought a new position in shares of Vita Coco Company, Inc. (NASDAQ:COCO) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,307 shares of the company’s stock, valued at approximately $372,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Ameritas Advisory Services LLC bought a new position in Vita Coco during the second quarter worth about $50,000. CWM LLC increased its holdings in shares of 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. Militia Capital Partners LP raised its position in shares of Vita Coco by 60.0% in the first quarter. Militia Capital Partners LP now owns 3,200 shares of the company’s stock valued at $98,000 after buying an additional 1,200 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Vita Coco in the first quarter valued at approximately $111,000. Finally, US Bancorp DE boosted its stake in shares of Vita Coco by 7.5% in the first quarter. US Bancorp DE now owns 5,247 shares of the company’s stock valued at $161,000 after buying an additional 364 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vita Coco

In other Vita Coco news, Director John Zupo sold 10,000 shares of the business’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $43.72, for a total transaction of $437,200.00. Following the sale, the director owned 12,162 shares of the company’s stock, valued at approximately $531,722.64. The trade was a 45.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ira Liran sold 25,381 shares of the stock in a transaction on Monday, November 24th. The shares were sold at an average price of $50.29, for a total value of $1,276,410.49. Following the completion of the transaction, the director owned 498,341 shares of the company’s stock, valued at $25,061,568.89. The trade was a 4.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 3,802,001 shares of company stock valued at $157,046,746. Corporate insiders own 32.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on COCO. Bank of America upgraded Vita Coco from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $48.00 to $54.00 in a research note on Monday, November 17th. Evercore ISI raised their price target on Vita Coco from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Piper Sandler upped their price objective on shares of Vita Coco from $47.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company increased their price objective on shares of Vita Coco from $47.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, Needham & Company LLC began coverage on shares of Vita Coco in a report on Wednesday, September 24th. They issued a “hold” rating on the stock. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Vita Coco presently has a consensus rating of “Moderate Buy” and an average target price of $51.88.

Vita Coco Stock Down 3.1%

NASDAQ:COCO opened at $52.15 on Friday. The stock’s 50-day simple moving average is $43.20 and its 200 day simple moving average is $38.54. The firm has a market capitalization of $2.97 billion, a PE ratio of 45.34, a price-to-earnings-growth ratio of 1.79 and a beta of 0.39. Vita Coco Company, Inc. has a twelve month low of $25.79 and a twelve month high of $54.23.

Vita Coco (NASDAQ:COCO) last issued its earnings results on Wednesday, October 29th. The company reported $0.40 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 firm had revenue of $182.31 million during the quarter, compared to the consensus estimate of $154.96 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The business’s quarterly revenue was up 37.2% on a year-over-year basis. 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.

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.