The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in The Vita Coco Company, Inc. (NASDAQ:COCO) by 67.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,883 shares of the company’s stock after selling 10,085 shares during the quarter. US Bancorp DE’s holdings in Vita Coco were worth $180,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of COCO. Victory Capital Management Inc. increased its stake in shares of Vita Coco by 106.4% in the 3rd quarter. Victory Capital Management Inc. now owns 895,716 shares of the company’s stock worth $25,358,000 after acquiring an additional 461,748 shares during the last quarter. Quest Partners LLC increased its position in shares of Vita Coco by 16,538.1% during the 3rd quarter. Quest Partners LLC now owns 3,494 shares of the company’s stock worth $99,000 after purchasing an additional 3,473 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of Vita Coco during the 3rd quarter worth about $1,145,000. Moran Wealth Management LLC increased its position in shares of Vita Coco by 43.5% during the 3rd quarter. Moran Wealth Management LLC now owns 18,204 shares of the company’s stock worth $515,000 after purchasing an additional 5,517 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of Vita Coco during the 3rd quarter worth about $256,000. 88.49% of the stock is owned by institutional investors and hedge funds.

Vita Coco Price Performance

Shares of Vita Coco stock opened at $34.68 on Friday. The business has a 50-day moving average of $36.19 and a 200 day moving average of $33.35. The Vita Coco Company, Inc. has a 12 month low of $23.00 and a 12 month high of $40.32. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 35.03, a price-to-earnings-growth ratio of 2.25 and a beta of 0.34.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on Vita Coco from $40.00 to $39.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Stephens downgraded Vita Coco from an “overweight” rating to an “equal weight” rating and set a $36.00 price objective for the company. in a research report on Monday, January 27th. The Goldman Sachs Group raised their price objective on Vita Coco from $34.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Bank of America raised their target price on Vita Coco from $30.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.14.

Insider Activity at Vita Coco

In other news, COO Jonathan Burth sold 10,000 shares of Vita Coco stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $32.69, for a total value of $326,900.00. Following the completion of the transaction, the chief operating officer now owns 94,108 shares in the company, valued at approximately $3,076,390.52. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ira Liran sold 20,235 shares of Vita Coco stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $40.07, for a total value of $810,816.45. Following the completion of the transaction, the director now owns 814,302 shares of the company’s stock, valued at $32,629,081.14. The trade was a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 73,322 shares of company stock worth $2,698,688 in the last three months. 34.20% of the stock is owned by company insiders.

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.