Vita Coco (NASDAQ:COCO) COO Jonathan Burth Sells 20,000 Shares

Key Points

• COO Jonathan Burth sold 20,000 shares on April 30 at $67.50 under a pre‑arranged Rule 10b5‑1 plan; combined with April 29 and March 16 sales he has sold 120,000 shares for roughly $7.42 million, leaving him with 57,910 shares (a 25.67% reduction).
• Strong Q1 results and analyst support: Vita Coco beat expectations with $0.50 EPS vs. $0.34 est. and $179.8M revenue (+37.4% YoY), prompting price‑target upgrades (e.g., Jefferies $78, Wells Fargo $75) and fueling recent stock momentum.
• Mixed investor backdrop and risks: Institutional ownership is high at 88.49% with major managers increasing stakes, but a Pomerantz LLP investigation and continued insider sales (even if planned) pose potential near‑term overhangs.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) COO Jonathan Burth sold 20,000 shares of the firm'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 in the company, valued at $3,908,925. This represents a 25.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 shares were 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 shares were sold at an average price of $58.65, for a total transaction of $3,519,000.00.

Vita Coco Stock Performance

NASDAQ COCO traded up $0.76 during mid-day trading on Friday, reaching $66.75. 1,391,651 shares of the stock were exchanged, compared to its average volume of 1,266,058. The stock has a market capitalization of $3.80 billion, a PE ratio of 48.72, a PEG ratio of 2.04 and a beta of 0.47. Vita Coco Company, Inc. has a 1-year low of $30.54 and a 1-year high of $69.58. The business's fifty day simple moving average is $52.70 and its 200 day simple moving average is $51.20.

Vita Coco (NASDAQ:COCO - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.16. Vita Coco had a return on equity of 26.12% and a net margin of 12.59%.The company had revenue of $179.77 million during the quarter, compared to the consensus estimate of $148.39 million. During the same period in the previous year, the firm posted $0.31 EPS. Vita Coco's revenue was up 37.4% on a year-over-year basis. On average, analysts anticipate that Vita Coco Company, Inc. will post 1.63 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Zacks Research lowered shares of Vita Coco from a "strong-buy" rating to a "hold" rating in a report on Friday, January 16th. Jefferies Financial Group upped their price target on shares of Vita Coco from $63.00 to $78.00 and gave the stock a "buy" rating in a research report on Thursday. The Goldman Sachs Group reaffirmed a "buy" rating and set a $71.00 price target on shares of Vita Coco in a research note on Thursday. Wall Street Zen lowered shares of Vita Coco from a "hold" rating to a "sell" rating in a report on Saturday, April 4th. Finally, Evercore reissued an "outperform" rating and set a $70.00 price objective on shares of Vita Coco in a research note on Thursday, March 12th. Seven research analysts have rated the stock with a Buy rating and three 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 $69.00.

More Vita Coco News

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

• Positive Sentiment: Q1 beat and rising estimates — Analysts and models have pushed up earnings forecasts after COCO’s strong quarterly results and raised guidance, which is cited as a main reason for the recent rally. Read More.
• Positive Sentiment: Analyst upgrade and higher price target — Wells Fargo moved to Overweight and raised its target (from $60 to $75), signaling institutional buy‑side interest post‑quarter. Read More.
• Positive Sentiment: Momentum recognition — COCO was added to Zacks’ Rank #1 momentum list and picked as a top momentum/quality name; positive coverage and a 95+ composite rating have reinforced the growth narrative. Read More. Read More.
• Neutral Sentiment: Insider selling executed under 10b5‑1 plans — CEO Martin Roper sold blocks of stock (recent sales disclosed); planned sales reduce governance alarm but add near‑term supply. Read More.
• Negative Sentiment: Investor litigation inquiry — Pomerantz LLP has opened an investigation into Vita Coco, which can create legal overhang and increase investor uncertainty until resolved. Read More.
• Negative Sentiment: Longer‑term caution and risk disclosures — A Seeking Alpha piece cautions that category limits and competition could cap upside; the company also disclosed heightened geopolitical/supply‑chain risk that could pressure costs. Read More. Read More.

Institutional Trading of Vita Coco

Institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP increased its position in shares of Vita Coco by 80.3% in the first quarter. Wasatch Advisors LP now owns 3,675,489 shares of the company's stock worth $176,093,000 after acquiring an additional 1,637,437 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Vita Coco by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 3,149,584 shares of the company's stock valued at $166,959,000 after purchasing an additional 237,510 shares during the last quarter. Wellington Management Group LLP grew its holdings in Vita Coco by 22.1% during the 4th quarter. Wellington Management Group LLP now owns 2,432,362 shares of the company's stock worth $128,940,000 after acquiring an additional 439,958 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Vita Coco by 12.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,073,329 shares of the company's stock valued at $88,054,000 after acquiring an additional 224,305 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Vita Coco in the third quarter valued at approximately $62,815,000. Institutional investors and hedge funds own 88.49% of the company's stock.

Vita Coco Company Profile

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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