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

B. Metzler seel. Sohn & Co. AG grew its position in shares of The Vita Coco Company, Inc. (NASDAQ:COCO) by 8.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 43,974 shares of the company’s stock after buying an additional 3,536 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Vita Coco were worth $1,623,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Vita Coco by 84.9% during the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $29,000 after purchasing an additional 360 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Vita Coco in the 4th quarter valued at about $52,000. Venturi Wealth Management LLC bought a new stake in shares of Vita Coco during the 4th quarter valued at about $66,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Vita Coco by 25.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,027 shares of the company’s stock worth $199,000 after acquiring an additional 1,434 shares during the period. Finally, Entropy Technologies LP bought a new position in Vita Coco in the fourth quarter worth about $220,000. Institutional investors and hedge funds own 88.49% of the company’s stock.

Vita Coco Stock Up 0.5 %

COCO stock opened at $30.17 on Thursday. The company has a 50-day simple moving average of $35.75 and a 200 day simple moving average of $34.02. The company has a market capitalization of $1.72 billion, a P/E ratio of 30.47, a PEG ratio of 2.25 and a beta of 0.34. The Vita Coco Company, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $40.32.

Insiders Place Their Bets

In related news, Chairman Michael Kirban sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $34.57, for a total transaction of $691,400.00. Following the transaction, the chairman now owns 2,006,229 shares in the company, valued at $69,355,336.53. This trade represents a 0.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Jonathan Burth sold 10,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 94,108 shares of the company’s stock, valued at $3,076,390.52. This trade represents a 9.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,410 shares of company stock worth $3,017,811. 34.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.