Barclays PLC Increases Stock Position in The Vita Coco Company, Inc. (NASDAQ:COCO)

Barclays PLC grew its position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 200.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 69,504 shares of the company’s stock after purchasing an additional 46,385 shares during the quarter. Barclays PLC owned approximately 0.12% of Vita Coco worth $1,969,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wasatch Advisors LP raised its position in Vita Coco by 299.0% in the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company’s stock valued at $67,972,000 after purchasing an additional 1,799,168 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Vita Coco by 106.4% in the third quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock valued at $25,358,000 after buying an additional 461,748 shares during the last quarter. State Street Corp raised its holdings in shares of Vita Coco by 4.7% in the third quarter. State Street Corp now owns 876,774 shares of the company’s stock valued at $24,821,000 after buying an additional 39,431 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Vita Coco by 25.1% during the second quarter. Dimensional Fund Advisors LP now owns 776,469 shares of the company’s stock worth $21,623,000 after buying an additional 156,033 shares during the period. Finally, William Blair Investment Management LLC grew its holdings in shares of Vita Coco by 8.0% during the second quarter. William Blair Investment Management LLC now owns 761,315 shares of the company’s stock worth $21,203,000 after buying an additional 56,416 shares during the last quarter. Institutional investors and hedge funds own 88.49% of the company’s stock.

Vita Coco Stock Performance

Vita Coco stock opened at $36.34 on Friday. The Vita Coco Company, Inc. has a one year low of $19.41 and a one year high of $37.88. The company has a market cap of $2.06 billion, a P/E ratio of 36.71, a price-to-earnings-growth ratio of 2.42 and a beta of 0.31. The business has a fifty day moving average of $34.32 and a two-hundred day moving average of $29.67.

Vita Coco (NASDAQ:COCO) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.06. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The firm had revenue of $133.00 million for the quarter, compared to the consensus estimate of $138.56 million. During the same quarter in the previous year, the firm earned $0.26 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. Sell-side analysts predict that The Vita Coco Company, Inc. will post 1.07 EPS for the current year.

Insider Activity at Vita Coco

In related news, CEO Martin F. Roper sold 5,000 shares of Vita Coco stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $35.85, for a total transaction of $179,250.00. Following the completion of the transaction, the chief executive officer now directly owns 452,452 shares in the company, valued at $16,220,404.20. The trade was a 1.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ira Liran sold 27,176 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $36.04, for a total value of $979,423.04. Following the sale, the director now owns 883,729 shares in the company, valued at approximately $31,849,593.16. This trade represents a 2.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 150,173 shares of company stock valued at $5,392,026 in the last ninety days. Corporate insiders own 34.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on COCO shares. Bank of America increased their price objective on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, December 6th. Craig Hallum increased their price target on Vita Coco from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Vita Coco currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.14.

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.