58,761 Shares in The Vita Coco Company, Inc. (NASDAQ:COCO) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in shares of The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 58,761 shares of the company's stock, valued at approximately $2,169,000. Teacher Retirement System of Texas owned 0.10% of Vita Coco as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in Vita Coco by 84.9% in the fourth quarter. GAMMA Investing LLC now owns 784 shares of the company's stock valued at $29,000 after purchasing an additional 360 shares during the last quarter. Moran Wealth Management LLC raised its stake in shares of Vita Coco by 4.8% in the fourth quarter. Moran Wealth Management LLC now owns 19,075 shares of the company's stock valued at $704,000 after buying an additional 871 shares during the period. West Coast Financial LLC lifted its position in shares of Vita Coco by 1.2% during the 4th quarter. West Coast Financial LLC now owns 91,841 shares of the company's stock valued at $3,390,000 after buying an additional 1,109 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Vita Coco by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 325,370 shares of the company's stock worth $12,009,000 after acquiring an additional 1,329 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in Vita Coco in the 4th quarter worth about $52,000. Hedge funds and other institutional investors own 88.49% of the company's stock.

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Insider Buying and Selling

In other news, COO Jonathan Burth sold 700 shares of Vita Coco stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $40.25, for a total transaction of $28,175.00. Following the completion of the sale, the chief operating officer now owns 104,108 shares in the company, valued at approximately $4,190,347. This trade represents a 0.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Michael Kirban sold 20,000 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $34.57, for a total transaction of $691,400.00. Following the completion of the transaction, the chairman now owns 2,006,229 shares in the company, valued at approximately $69,355,336.53. This trade represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 83,410 shares of company stock worth $3,017,811 over the last ninety days. 34.20% of the stock is owned by corporate insiders.

Vita Coco Trading Down 0.3 %

Shares of COCO traded down $0.08 during mid-day trading on Friday, reaching $29.85. 522,153 shares of the stock traded hands, compared to its average volume of 571,600. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 2.25 and a beta of 0.34. The Vita Coco Company, Inc. has a 1 year low of $23.00 and a 1 year high of $40.32. The firm has a fifty day moving average price of $36.12 and a 200 day moving average price of $34.00.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on COCO shares. Bank of America increased their target price 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. Wells Fargo & Company reduced their price objective on shares of Vita Coco from $40.00 to $39.00 and set an "overweight" rating for the company in a research note on Thursday, February 27th. The Goldman Sachs Group increased their target price 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, Stephens reaffirmed an "equal weight" rating and issued a $32.00 price target on shares of Vita Coco in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus 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.