Stifel Financial Corp Purchases 5,041 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

Stifel Financial Corp raised its position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 41.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,220 shares of the company’s stock after buying an additional 5,041 shares during the quarter. Stifel Financial Corp’s holdings in Vita Coco were worth $487,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. nVerses Capital LLC lifted its position in Vita Coco by 271.4% during the second quarter. nVerses Capital LLC now owns 2,600 shares of the company’s stock valued at $72,000 after acquiring an additional 1,900 shares during the last quarter. Quest Partners LLC increased its position in shares of Vita Coco by 16,538.1% during the third quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after purchasing an additional 3,473 shares in the last quarter. ProShare Advisors LLC purchased a new stake in shares of Vita Coco during the 2nd quarter valued at $141,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Vita Coco by 25.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock worth $199,000 after purchasing an additional 1,434 shares in the last quarter. Finally, LVW Advisors LLC purchased a new position in Vita Coco during the 3rd quarter worth $209,000. 88.49% of the stock is currently owned by institutional investors.

Vita Coco Stock Up 1.0 %

Vita Coco stock opened at $36.34 on Friday. The stock has a 50-day moving average price of $34.32 and a 200 day moving average price of $29.67. The company has a market capitalization of $2.06 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 2.42 and a beta of 0.31. The Vita Coco Company, Inc. has a 52 week low of $19.41 and a 52 week high of $37.88.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.26 by $0.06. The business had revenue of $133.00 million during the quarter, compared to analysts’ expectations of $138.56 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.26 EPS. Research analysts anticipate that The Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.

Insider Buying and Selling at Vita Coco

In related news, COO Jonathan Burth sold 2,244 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $30.01, for a total value of $67,342.44. Following the completion of the transaction, the chief operating officer now directly owns 124,605 shares in the company, valued at $3,739,396.05. The trade was a 1.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Martin F. Roper sold 5,000 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $35.85, for a total transaction of $179,250.00. Following the sale, the chief executive officer now owns 452,452 shares in the company, valued at approximately $16,220,404.20. This represents a 1.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 150,173 shares of company stock valued at $5,392,026. 34.20% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.