Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) COO Jonathan Burth sold 20,000 shares of the company's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $67.50, for a total transaction of $1,350,000.00. Following the sale, the chief operating officer directly owned 57,910 shares of the company's stock, valued at $3,908,925. This represents a 25.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jonathan Burth also recently made the following trade(s):
- On Wednesday, April 29th, Jonathan Burth sold 40,000 shares of Vita Coco stock. The stock was sold at an average price of $63.75, for a total transaction of $2,550,000.00.
- On Monday, March 16th, Jonathan Burth sold 60,000 shares of Vita Coco stock. The stock was sold at an average price of $58.65, for a total transaction of $3,519,000.00.
Vita Coco Stock Up 1.2%
COCO opened at $66.75 on Friday. Vita Coco Company, Inc. has a twelve month low of $30.54 and a twelve month high of $69.58. The company has a 50-day simple moving average of $52.70 and a 200 day simple moving average of $51.20. The stock has a market capitalization of $3.81 billion, a price-to-earnings ratio of 48.72, a P/E/G ratio of 1.62 and a beta of 0.72.
Vita Coco (NASDAQ:COCO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.16. Vita Coco had a net margin of 12.59% and a return on equity of 25.43%. The business had revenue of $179.77 million during the quarter, compared to analysts' expectations of $148.39 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. Vita Coco's revenue was up 37.4% compared to the same quarter last year. Sell-side analysts anticipate that Vita Coco Company, Inc. will post 1.72 EPS for the current fiscal year.
Vita Coco News Summary
Here are the key news stories impacting Vita Coco this week:
- Positive Sentiment: Strong Q1 beat and raised guidance — COCO reported $0.50 EPS and ~ $180M revenue (≈+37% YoY), beat estimates, and raised full‑year revenue/EBITDA guidance; that print is the main catalyst for the recent rally. Press Release
- Positive Sentiment: Analyst upgrades and higher targets — Wells Fargo raised its price target to $75 and put an Overweight on COCO, and other banks (Goldman, Jefferies, Evercore) have also issued buy/outperform views, reinforcing buy‑side interest. Benzinga
- Positive Sentiment: Momentum/quality recognition — COCO was highlighted on Zacks’ momentum list and picked up coverage noting a 95+ composite rating, supporting the growth narrative among momentum investors. Zacks Momentum MSN: 95+ Rating
- Neutral Sentiment: Insider selling (planned 10b5‑1 trades) — CEO, COO and Chairman disclosed multiple share sales (large blocks in late April). These trades increase float near recent highs but were executed under pre‑arranged 10b5‑1 plans, which lowers governance alarm. Investors should watch follow‑through selling. SEC Form 4
- Neutral Sentiment: High institutional ownership — Institutions own ~88% of shares, which can amplify moves (momentum on the upside, or rapid rotation on any negative news). MarketBeat Profile
- Negative Sentiment: Investor litigation risk — Pomerantz announced an investigation into COCO, which can create headline risk, legal costs, and distracted management focus if it develops. PR Newswire
- Negative Sentiment: New geopolitical risk disclosure — The company flagged heightened geopolitical tensions as a potential pressure on costs, supply chain and margins; worsening conditions could hit gross margins or availability. TipRanks
- Negative Sentiment: Longer‑term skepticism — Some analysts/commentaries caution that COCO’s category is niche and competition could cap long‑term upside, tempering valuation expectations after the run. Seeking Alpha
Wall Street Analysts Forecast Growth
COCO has been the subject of several recent analyst reports. Jefferies Financial Group upped their price objective on shares of Vita Coco from $63.00 to $78.00 and gave the stock a "buy" rating in a research report on Thursday. Morgan Stanley set a $65.00 price objective on shares of Vita Coco in a research report on Thursday. The Goldman Sachs Group reaffirmed a "buy" rating and set a $71.00 price objective on shares of Vita Coco in a research report on Thursday. Evercore reissued an "outperform" rating and set a $70.00 target price on shares of Vita Coco in a research note on Thursday, March 12th. Finally, Piper Sandler reissued an "overweight" rating and set a $70.00 target price on shares of Vita Coco in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $69.00.
Get Our Latest Stock Report on Vita Coco
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in Vita Coco by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 1,134 shares of the company's stock worth $60,000 after acquiring an additional 227 shares in the last quarter. CWM LLC raised its stake in Vita Coco by 18.2% during the fourth quarter. CWM LLC now owns 1,505 shares of the company's stock worth $80,000 after acquiring an additional 232 shares in the last quarter. Mariner LLC raised its stake in Vita Coco by 2.8% during the third quarter. Mariner LLC now owns 8,742 shares of the company's stock worth $371,000 after acquiring an additional 236 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Vita Coco by 0.9% during the third quarter. Envestnet Asset Management Inc. now owns 33,541 shares of the company's stock worth $1,424,000 after acquiring an additional 298 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey raised its stake in Vita Coco by 4.1% during the fourth quarter. Police & Firemen s Retirement System of New Jersey now owns 12,472 shares of the company's stock worth $661,000 after acquiring an additional 489 shares in the last quarter. Institutional investors and hedge funds own 88.49% of the company's stock.
Vita Coco Company Profile
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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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