Key Points
- COO Jonathan Burth sold 60,000 shares on March 16 at an average price of $58.65 for a total of $3,519,000, cutting his holdings by about 50.9% to 57,910 shares; the transaction was disclosed via an SEC Form 4.
- Additional insider selling (including the CFO) occurred in smaller blocks around $58, and the stock reportedly pulled back roughly 4% after the filings, adding near-term downward pressure.
- Mixed fundamentals and analyst view: Q4 revenue beat ($127.8M vs. $117.8M) but EPS missed ($0.09 vs. $0.13); analysts are split but the consensus rating is a "Moderate Buy" with an average price target of $56.38.
Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) COO Jonathan Burth sold 60,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $58.65, for a total transaction of $3,519,000.00. Following the transaction, the chief operating officer owned 57,910 shares of the company's stock, valued at approximately $3,396,421.50. The trade was a 50.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Vita Coco Stock Performance
NASDAQ COCO opened at $55.89 on Thursday. The company has a market capitalization of $3.19 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 1.83 and a beta of 0.37. Vita Coco Company, Inc. has a 52-week low of $25.79 and a 52-week high of $61.39. The company has a 50-day simple moving average of $55.23 and a 200 day simple moving average of $48.96.
Vita Coco (NASDAQ:COCO - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.04). Vita Coco had a net margin of 11.70% and a return on equity of 23.19%. The company had revenue of $127.79 million during the quarter, compared to analysts' expectations of $117.80 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The firm's revenue was up .4% compared to the same quarter last year. As a group, analysts forecast that Vita Coco Company, Inc. will post 1.07 EPS for the current fiscal year.
Key Headlines Impacting Vita Coco
Here are the key news stories impacting Vita Coco this week:
- Positive Sentiment: Analyst support and raised price targets: Several firms have recently lifted targets (Wells Fargo, Evercore, Piper Sandler) or maintained upbeat views, giving the stock a constructive backdrop that may limit downside. MarketBeat COCO Coverage
- Positive Sentiment: New product promotion: Vita Coco rolled out a "Frosted Lemonade" offering — consumer-facing activity that can support retail momentum and category visibility. Vita Coco Treats Frosted Lemonade
- Positive Sentiment: Volume-growth narrative: Fund commentary highlights strong volume growth trends supporting the company's franchise characteristics, a potential tailwind for medium-term earnings. InsiderMonkey: Volume Growth
- Neutral Sentiment: Recent fundamentals: Fiscal Q4 reported revenue beat but an EPS miss (Feb. 18). Revenue growth was modest year-over-year; analysts' consensus remains moderately positive but values imply execution expectations. Earnings & Analyst Summary
- Negative Sentiment: Large insider selling — COO: Jonathan Burth (COO) sold 60,000 shares (~50.9% reduction in his holdings) at an average ~$58.65 on March 16, signaling material insider liquidity and creating downward pressure. SEC filing: COO Form 4
- Negative Sentiment: Additional insider sales — CFO and others: CFO Corey Baker and other insiders sold blocks (multiple ~2,000-share sales at ~\$57.98–\$58.86), which adds to the perception of management-side selling. Filings/coverage: InsiderTrades Alert and SEC Form 4: CFO Form 4
- Negative Sentiment: Share-price reaction: The stock recently pulled back (reported ~-4% on March 17), reflecting immediate market sensitivity to the insider sales combined with normal volatility after earnings and analyst repositioning. Zacks: COCO Stock Dips
Analysts Set New Price Targets
COCO has been the subject of a number of recent research reports. Morgan Stanley raised their target price on Vita Coco from $49.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Monday, February 23rd. Wells Fargo & Company upped their price target on Vita Coco from $50.00 to $63.00 and gave the company an "overweight" rating in a research report on Monday, January 5th. Wall Street Zen lowered Vita Coco from a "buy" rating to a "sell" rating in a report on Saturday, February 21st. Evercore restated an "outperform" rating and issued a $70.00 price objective on shares of Vita Coco in a research note on Thursday, March 12th. Finally, Zacks Research downgraded shares of Vita Coco from a "strong-buy" rating to a "hold" rating in a report on Friday, January 16th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $56.38.
Get Our Latest Stock Analysis on Vita Coco
Institutional Investors Weigh In On Vita Coco
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund raised its stake in shares of Vita Coco by 10.3% during the 3rd quarter. New York State Common Retirement Fund now owns 511,031 shares of the company's stock valued at $21,703,000 after purchasing an additional 47,632 shares during the period. Westfield Capital Management Co. LP purchased a new stake in Vita Coco during the 3rd quarter worth about $45,135,000. Hussman Strategic Advisors Inc. bought a new position in Vita Coco in the 3rd quarter worth about $2,230,000. Harbor Capital Advisors Inc. bought a new position in Vita Coco in the 3rd quarter worth about $821,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Vita Coco during the 3rd quarter valued at about $62,815,000. Institutional investors own 88.49% of the company's stock.
Vita Coco Company Profile
(
Get Free Report)
Vita Coco, Inc (NASDAQ: COCO) is a global beverage company specializing in coconut-based products. Founded in 2004 by Michael Kirban and Ira Liran, the company pioneered the introduction of refrigerated coconut water to U.S. consumers. Headquartered in New York City, Vita Coco sources coconuts from growers in tropical regions such as the Philippines, Indonesia and Brazil, partnering with local farmers to promote sustainable agriculture and community development.
The company's flagship offering, Vita Coco Original Coconut Water, is available in multiple pack sizes and a variety of flavors.
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