Thrivent Financial for Lutherans Takes Position in The Vita Coco Company, Inc. (NASDAQ:COCO)

Thrivent Financial for Lutherans bought a new stake in The Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 290,309 shares of the company's stock, valued at approximately $10,715,000. Thrivent Financial for Lutherans owned 0.51% of Vita Coco as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wasatch Advisors LP grew its holdings in Vita Coco by 299.0% in the 3rd quarter. Wasatch Advisors LP now owns 2,400,997 shares of the company's stock worth $67,972,000 after buying an additional 1,799,168 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Vita Coco by 10.8% in the third quarter. Geode Capital Management LLC now owns 1,041,662 shares of the company's stock worth $29,494,000 after purchasing an additional 101,823 shares in the last quarter. State Street Corp increased its holdings in shares of Vita Coco by 4.7% during the third quarter. State Street Corp now owns 876,774 shares of the company's stock valued at $24,821,000 after purchasing an additional 39,431 shares during the period. Woodson Capital Management LP bought a new stake in shares of Vita Coco during the third quarter valued at about $19,224,000. Finally, Lord Abbett & CO. LLC lifted its holdings in Vita Coco by 21.1% in the third quarter. Lord Abbett & CO. LLC now owns 460,416 shares of the company's stock worth $13,034,000 after purchasing an additional 80,128 shares during the period. 88.49% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on COCO shares. Bank of America boosted their target price on Vita Coco from $30.00 to $38.00 and gave the stock a "neutral" rating in a report on Friday, December 6th. The Goldman Sachs Group upped their price objective on Vita Coco from $34.00 to $38.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Wells Fargo & Company lowered their target price on Vita Coco from $40.00 to $39.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Finally, Stephens downgraded shares of Vita Coco from an "overweight" rating to an "equal weight" rating and set a $36.00 price target for the company. in a report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.14.

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Insider Buying and Selling

In other Vita Coco news, COO Jonathan Burth sold 4,052 shares of the firm's stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $37.60, for a total value of $152,355.20. Following the completion of the transaction, the chief operating officer now directly owns 104,108 shares in the company, valued at $3,914,460.80. This trade represents a 3.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ira Liran sold 1,723 shares of the business'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 transaction of $68,954.46. Following the sale, the director now owns 812,579 shares in the company, valued at $32,519,411.58. This represents a 0.21 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,410 shares of company stock valued at $3,017,811. 34.20% of the stock is owned by corporate insiders.

Vita Coco Trading Down 2.2 %

Shares of Vita Coco stock traded down $0.81 on Tuesday, reaching $35.45. 516,127 shares of the company were exchanged, compared to its average volume of 549,398. The Vita Coco Company, Inc. has a fifty-two week low of $23.00 and a fifty-two week high of $40.32. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 35.81, a price-to-earnings-growth ratio of 2.25 and a beta of 0.34. The stock has a fifty day moving average price of $36.38 and a 200-day moving average price of $33.91.

Vita Coco Company 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.