Deutsche Bank AG Purchases 11,674 Shares of The Vita Coco Company, Inc. (NASDAQ:COCO)

Deutsche Bank AG increased its position in The Vita Coco Company, Inc. (NASDAQ:COCO) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 150,343 shares of the company’s stock after purchasing an additional 11,674 shares during the quarter. Deutsche Bank AG owned approximately 0.27% of Vita Coco worth $5,549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC grew its position in shares of Vita Coco by 91.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,283 shares of the company’s stock worth $47,000 after buying an additional 613 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new position in Vita Coco in the fourth quarter valued at approximately $52,000. Venturi Wealth Management LLC acquired a new stake in Vita Coco during the 4th quarter worth $66,000. Summit Investment Advisors Inc. raised its position in shares of Vita Coco by 9.2% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,107 shares of the company’s stock valued at $152,000 after acquiring an additional 347 shares during the last quarter. Finally, IHT Wealth Management LLC bought a new stake in shares of Vita Coco during the 4th quarter valued at $216,000. 88.49% of the stock is owned by institutional investors.

Insider Activity at Vita Coco

In other news, major shareholder Beverages Sa Verlinvest sold 3,766,762 shares of the company’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $34.25, for a total value of $129,011,598.50. Following the sale, the insider now directly owns 7,097,161 shares of the company’s stock, valued at approximately $243,077,764.25. This represents a 34.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ira Liran sold 1,723 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $40.02, for a total value of $68,954.46. Following the completion of the sale, the director now directly owns 812,579 shares of the company’s stock, valued at approximately $32,519,411.58. The trade was a 0.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 3,832,485 shares of company stock valued at $131,288,213. 32.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Stephens restated an “equal weight” rating and issued a $32.00 price target on shares of Vita Coco in a research report on Thursday, March 27th. The Goldman Sachs Group set a $41.00 target price on Vita Coco and gave the stock a “buy” rating in a report on Wednesday, April 30th. Wells Fargo & Company decreased their target price 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. Finally, Evercore ISI increased their price target on shares of Vita Coco from $35.00 to $38.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Vita Coco has a consensus rating of “Moderate Buy” and an average price target of $35.38.

Vita Coco Stock Performance

Shares of COCO stock opened at $35.62 on Monday. The Vita Coco Company, Inc. has a 52 week low of $23.56 and a 52 week high of $40.32. The company’s 50 day moving average price is $32.32 and its two-hundred day moving average price is $34.72. The company has a market capitalization of $2.02 billion, a P/E ratio of 35.98, a price-to-earnings-growth ratio of 2.25 and a beta of 0.38.

Vita Coco (NASDAQ:COCO) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $130.92 million during the quarter, compared to the consensus estimate of $125.64 million. Vita Coco had a net margin of 11.99% and a return on equity of 26.49%. The firm’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Analysts forecast that The Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

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.