The Vita Coco Company, Inc. (NASDAQ:COCO) Shares Purchased by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG raised its holdings in The Vita Coco Company, Inc. (NASDAQ:COCO) by 8.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 43,974 shares of the company’s stock after acquiring an additional 3,536 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.08% of Vita Coco worth $1,623,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in COCO. Wellington Management Group LLP increased its stake in Vita Coco by 173.2% in the fourth quarter. Wellington Management Group LLP now owns 252,941 shares of the company’s stock valued at $9,336,000 after purchasing an additional 160,353 shares during the last quarter. Schroder Investment Management Group purchased a new stake in Vita Coco in the 4th quarter valued at about $1,164,000. Loomis Sayles & Co. L P lifted its holdings in shares of Vita Coco by 15.7% during the 4th quarter. Loomis Sayles & Co. L P now owns 1,421,999 shares of the company’s stock worth $52,486,000 after acquiring an additional 193,420 shares during the period. Artisan Partners Limited Partnership boosted its position in shares of Vita Coco by 14.1% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,502,587 shares of the company’s stock worth $55,460,000 after acquiring an additional 185,692 shares during the last quarter. Finally, Pier Capital LLC boosted its position in shares of Vita Coco by 39.6% in the fourth quarter. Pier Capital LLC now owns 200,623 shares of the company’s stock worth $7,405,000 after acquiring an additional 56,879 shares during the last quarter. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Vita Coco Price Performance

Shares of NASDAQ COCO opened at $30.17 on Thursday. The Vita Coco Company, Inc. has a 1-year low of $23.00 and a 1-year high of $40.32. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.25 and a beta of 0.34. The business has a 50-day moving average of $35.75 and a 200-day moving average of $34.02.

Insider Buying and Selling

In related news, COO Jonathan Burth sold 10,000 shares of Vita Coco stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $32.69, for a total transaction of $326,900.00. Following the sale, the chief operating officer now owns 94,108 shares of the company’s stock, valued at $3,076,390.52. The trade was a 9.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Michael Kirban sold 6,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $35.00, for a total transaction of $210,000.00. Following the completion of the transaction, the chairman now directly owns 1,663,049 shares of the company’s stock, valued at approximately $58,206,715. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 83,410 shares of company stock valued at $3,017,811. Corporate insiders own 34.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Vita Coco from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, February 27th. The Goldman Sachs Group lifted their target price on Vita Coco from $34.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Bank of America upped their price target on Vita Coco from $30.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $32.00 price objective on shares of Vita Coco in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.57.

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.