Jonathan Burth Sells 60,000 Shares of Vita Coco (NASDAQ:COCO) Stock

Vita Coco Company, Inc. (NASDAQ:COCO) 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 completion of the sale, the chief operating officer owned 57,910 shares of the company’s stock, valued at $3,396,421.50. This trade represents a 50.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Vita Coco Trading Down 3.4%

NASDAQ:COCO opened at $53.98 on Friday. The company has a market cap of $3.08 billion, a P/E ratio of 45.75, a P/E/G ratio of 1.76 and a beta of 0.37. Vita Coco Company, Inc. has a twelve month low of $25.79 and a twelve month high of $61.39. The company’s 50-day moving average price is $55.21 and its 200-day moving average price is $49.00.

Vita Coco (NASDAQ:COCO) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). The business had revenue of $127.79 million for the quarter, compared to analysts’ expectations of $117.80 million. Vita Coco had a net margin of 11.70% and a return on equity of 23.19%. The firm’s revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 EPS. On average, analysts expect that Vita Coco Company, Inc. will post 1.07 earnings per share for the current year.

Institutional Trading of Vita Coco

Institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in Vita Coco by 2,636.8% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 520 shares of the company’s stock valued at $28,000 after acquiring an additional 501 shares during the last quarter. Clearstead Advisors LLC increased its stake in Vita Coco by 22,500.0% during the third quarter. Clearstead Advisors LLC now owns 678 shares of the company’s stock worth $29,000 after acquiring an additional 675 shares during the last quarter. Quarry LP increased its stake in Vita Coco by 12,633.3% during the third quarter. Quarry LP now owns 764 shares of the company’s stock worth $32,000 after acquiring an additional 758 shares during the last quarter. MAI Capital Management purchased a new stake in Vita Coco in the second quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC raised its position in Vita Coco by 5,376.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $49,000 after purchasing an additional 1,344 shares during the period. Hedge funds and other institutional investors own 88.49% of the company’s stock.

Analyst Ratings Changes

COCO has been the subject of several recent research reports. Morgan Stanley increased their price target on Vita Coco from $49.00 to $57.00 and gave the company an “equal weight” rating in a report on Monday, February 23rd. Piper Sandler boosted their price objective on Vita Coco from $47.00 to $59.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 25th. Wells Fargo & Company upped their target price on Vita Coco from $50.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vita Coco in a research note on Monday, December 29th. Finally, Wall Street Zen lowered Vita Coco from a “buy” rating to a “sell” rating in a report on Saturday, February 21st. Seven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $56.38.

Vita Coco News Summary

Here are the key news stories impacting Vita Coco this week:

• Positive Sentiment: Wall Street analysts remain supportive — several firms have raised price targets and reiterated buy/overweight views, providing upside narrative for investors. MarketBeat Coverage
• Positive Sentiment: Vita Coco launched a new flavored SKU (“Frosted Lemonade”), a modest product catalyst that can help retail sales and brand momentum in core channels. Vita Coco Treats Frosted Lemonade
• Neutral Sentiment: Institutional ownership remains high (reported ~88%); several funds showed small increases in stakes — supportive for stability but not an immediate catalyst. MarketBeat Institutional Activity
• Neutral Sentiment: Recent media pieces discuss analyst views and whether COCO is a buy; such coverage can influence flows but doesn’t change fundamentals immediately. Zacks Analyst Discussion
• Negative Sentiment: Heavy insider selling this week: COO Jonathan Burth sold 60,000 shares (~$3.52M), a ~50.9% cut to his holding. Large insider exits from senior ops management weigh on sentiment. COO Form 4
• Negative Sentiment: Additional insider sales: CFO Corey Baker, Director Kenneth Sadowsky, and insider Es Charles Van each sold shares this week (multiple filings), adding to downward pressure on the stock. CFO Form 4 Director Form 4 Es Charles Van Form 4
• Negative Sentiment: Recent quarterly results included an EPS miss (reported $0.09 vs. $0.13 consensus) despite revenue roughly in line/above expectations — a reminder that near-term profit delivery is a risk. Earnings Recap

About Vita Coco

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.