Pictet Asset Management Holding SA Decreases Stock Holdings in Vita Coco Company, Inc. $COCO

Key Points

• Pictet Asset Management cut its stake in Vita Coco by 66.3% in Q4, selling 501,608 shares and leaving 254,408 shares (≈0.45% of the company) valued at about $13.49 million.
• Vita Coco beat Q1 expectations with $0.50 EPS vs. $0.34 consensus and $179.8M revenue (+37% YoY), raised full‑year guidance, and spurred analyst upgrades and a consensus target near $69.
• Notable risks remain: sizable insider selling executed under 10b5‑1 plans, high institutional ownership (~88%), an investor investigation, and disclosed geopolitical/supply‑chain pressures that could hit margins.

Pictet Asset Management Holding SA trimmed its position in shares of Vita Coco Company, Inc. (NASDAQ:COCO - Free Report) by 66.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 254,408 shares of the company's stock after selling 501,608 shares during the quarter. Pictet Asset Management Holding SA owned about 0.45% of Vita Coco worth $13,486,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Clearstead Advisors LLC lifted its position in shares of Vita Coco by 22,500.0% during the third quarter. Clearstead Advisors LLC now owns 678 shares of the company's stock valued at $29,000 after buying an additional 675 shares during the last quarter. Quarry LP lifted its position in shares of Vita Coco by 12,633.3% during the third quarter. Quarry LP now owns 764 shares of the company's stock valued at $32,000 after buying an additional 758 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Vita Coco by 5,376.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock valued at $49,000 after buying an additional 1,344 shares during the last quarter. Mather Group LLC. purchased a new stake in shares of Vita Coco during the third quarter valued at about $54,000. Finally, GAMMA Investing LLC lifted its position in shares of Vita Coco by 25.0% during the fourth quarter. GAMMA Investing LLC now owns 1,134 shares of the company's stock valued at $60,000 after buying an additional 227 shares during the last quarter. 88.49% of the stock is owned by hedge funds and other institutional investors.

More Vita Coco News

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

Analyst Ratings Changes

COCO has been the topic 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 company a "buy" rating in a report on Thursday. Wall Street Zen upgraded shares of Vita Coco from a "sell" rating to a "buy" rating in a report on Saturday. The Goldman Sachs Group reissued a "buy" rating and set a $71.00 target price on shares of Vita Coco in a research report on Thursday. Wells Fargo & Company boosted their target price on shares of Vita Coco from $60.00 to $75.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, Evercore reissued an "outperform" rating and set a $70.00 target price on shares of Vita Coco in a research report on Thursday, March 12th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.00.

Insider Transactions at Vita Coco

In related news, CEO Martin Roper sold 20,544 shares of the company's stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $59.35, for a total value of $1,219,286.40. Following the sale, the chief executive officer owned 298,484 shares in the company, valued at $17,715,025.40. This represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kenneth Sadowsky sold 3,900 shares of the company's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $48.93, for a total value of $190,827.00. Following the completion of the sale, the director owned 586,566 shares in the company, valued at approximately $28,700,674.38. This represents a 0.66% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 477,800 shares of company stock worth $27,053,262 in the last ninety days. Corporate insiders own 32.30% of the company's stock.

Vita Coco Trading Up 1.2%

NASDAQ:COCO opened at $66.75 on Friday. The company has a market cap of $3.81 billion, a PE ratio of 48.72, a P/E/G ratio of 1.62 and a beta of 0.72. Vita Coco Company, Inc. has a twelve month low of $30.54 and a twelve month high of $69.58. The company's 50 day moving average is $52.70 and its two-hundred day moving average is $51.20.

Vita Coco (NASDAQ:COCO - Get Free Report) last issued its earnings results on Wednesday, April 29th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.16. The firm had revenue of $179.77 million for the quarter, compared to analyst estimates of $148.39 million. Vita Coco had a return on equity of 25.43% and a net margin of 12.59%.Vita Coco's revenue for the quarter was up 37.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.31 earnings per share. As a group, analysts expect that Vita Coco Company, Inc. will post 1.72 EPS for the current fiscal year.

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.

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