Loomis Sayles & Co L P Reduces $7M in The Vita Coco Company, Inc. ($COCO)
Key Points
- Loomis Sayles & Co L P changed its The Vita Coco Company, Inc. ($COCO) stake by 7.7% last quarter, cutting to 1,072,649 shares worth $86.78 million.
- Wall Street's consensus rating on $COCO is Buy and an average price target of $75.11.
- $COCO last traded around $80.90.
Loomis Sayles & Co L P trimmed its position in The Vita Coco Company, Inc. ($COCO) by 7.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,072,649 shares of The Vita Coco Company, Inc. after selling 89,521 shares during the quarter. Loomis Sayles & Co L P's holdings in The Vita Coco Company, Inc. were worth $86.78 million as of its most recent filing.
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About The Vita Coco Company, Inc.
The Vita Coco Company, Inc. develops, manufactures, 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. It offers coconut water, oil, and juice products; Vita Coco Treats, a plant-based dairy alternative; Vita Coco Pressed, Vita Coco Coconut Juice, and Farmers Organic; Vita Coco Coconut MLK; and PWR LIFT, a protein-infused fitness drink. The company also supplies private label products to retailers. It distributes its products through club, food, drug, mass, convenience, e-commerce, and foodservice channels. The company was formerly known as All Market Inc. and changed its name to The Vita Coco Company, Inc. in September 2021. The Vita Coco Company, Inc. was incorporated in 2004 and is headquartered in New York, New York.
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