Vita Coco (NASDAQ:COCO) COO Jonathan Burth Sells 40,000 Shares

Key Points

• COO Jonathan Burth sold 40,000 shares on April 29 at an average price of $63.75 for $2.55M under a pre-arranged Rule 10b5-1 plan, and his recent sales have reduced his stake to 57,910 shares (a ~40.85% decline).
• Strong quarterly beat: Vita Coco reported Q1 EPS of $0.50 versus $0.34 expected and revenue of $179.8M (vs. $148.4M est.), with revenue up 37.4% year‑over‑year.
• Analyst and institutional sentiment is largely positive — seven Buys versus three Holds with an average price target of $69 — and large investors like Wasatch and Vanguard have recently increased holdings, with institutions owning about 88.49% of the stock.

Vita Coco Company, Inc. (NASDAQ:COCO - Get Free Report) COO Jonathan Burth sold 40,000 shares of the firm's stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $63.75, for a total value of $2,550,000.00. Following the completion of the sale, the chief operating officer directly owned 57,910 shares of the company's stock, valued at approximately $3,691,762.50. This represents a 40.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jonathan Burth also recently made the following trade(s):

• On Thursday, April 30th, Jonathan Burth sold 20,000 shares of Vita Coco stock. The stock was sold at an average price of $67.50, for a total value of $1,350,000.00.
• 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

COCO stock traded up $0.76 during trading on Friday, reaching $66.75. The company had a trading volume of 1,391,651 shares, compared to its average volume of 1,266,058. The firm has a 50-day simple moving average of $52.70 and a 200-day simple moving average of $51.20. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 48.72, a price-to-earnings-growth ratio of 2.04 and a beta of 0.47. Vita Coco Company, Inc. has a twelve month low of $30.54 and a twelve month high of $69.58.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.16. The business had revenue of $179.77 million for the quarter, compared to analyst estimates of $148.39 million. Vita Coco had a net margin of 12.59% and a return on equity of 26.12%. Vita Coco's revenue for the quarter was up 37.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS. Sell-side analysts expect that Vita Coco Company, Inc. will post 1.63 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on COCO. The Goldman Sachs Group reaffirmed a "buy" rating and set a $71.00 price target on shares of Vita Coco in a research report on Thursday. Wall Street Zen cut Vita Coco from a "hold" rating to a "sell" rating in a research note on Saturday, April 4th. Morgan Stanley set a $65.00 target price on Vita Coco in a report on Thursday. Weiss Ratings reiterated a "buy (b-)" rating on shares of Vita Coco in a research report on Friday, March 27th. Finally, Zacks Research lowered shares of Vita Coco from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Vita Coco presently has an average rating of "Moderate Buy" and an average target price of $69.00.

Hedge Funds Weigh In On Vita Coco

A number of institutional investors have recently modified their holdings of the stock. Wasatch Advisors LP lifted its holdings in shares of Vita Coco by 80.3% in the 1st quarter. Wasatch Advisors LP now owns 3,675,489 shares of the company's stock valued at $176,093,000 after buying an additional 1,637,437 shares during the period. Vanguard Group Inc. grew its position in Vita Coco by 8.2% during the fourth quarter. Vanguard Group Inc. now owns 3,149,584 shares of the company's stock valued at $166,959,000 after buying an additional 237,510 shares during the period. Wellington Management Group LLP grew its position in Vita Coco by 22.1% during the fourth quarter. Wellington Management Group LLP now owns 2,432,362 shares of the company's stock valued at $128,940,000 after buying an additional 439,958 shares during the period. Artisan Partners Limited Partnership increased its holdings in Vita Coco by 12.1% in the third quarter. Artisan Partners Limited Partnership now owns 2,073,329 shares of the company's stock valued at $88,054,000 after buying an additional 224,305 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Vita Coco in the third quarter worth about $62,815,000. Hedge funds and other institutional investors own 88.49% of the company's stock.

Trending Headlines about Vita Coco

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.

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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