Vita Coco Company, Inc. (NASDAQ:COCO – Get Free Report) CFO Corey Baker sold 2,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $58.86, for a total value of $117,720.00. Following the transaction, the chief financial officer owned 33,951 shares of the company’s stock, valued at approximately $1,998,355.86. This trade represents a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Corey Baker also recently made the following trade(s):
- On Monday, March 16th, Corey Baker sold 2,000 shares of Vita Coco stock. The stock was sold at an average price of $57.98, for a total transaction of $115,960.00.
Vita Coco Price Performance
COCO opened at $55.89 on Thursday. Vita Coco Company, Inc. has a 12-month low of $25.79 and a 12-month high of $61.39. The stock has a market capitalization of $3.19 billion, a PE ratio of 47.36, a P/E/G ratio of 1.83 and a beta of 0.37. The firm’s fifty day moving average price is $55.23 and its 200 day moving average price is $48.96.
Institutional Investors Weigh In On Vita Coco
Several institutional investors and hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. grew its holdings in shares of Vita Coco by 265.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,319 shares of the company’s stock valued at $70,000 after purchasing an additional 958 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Vita Coco in the 4th quarter worth approximately $642,000. Invesco Ltd. boosted its position in Vita Coco by 13.9% during the 4th quarter. Invesco Ltd. now owns 50,206 shares of the company’s stock valued at $2,661,000 after purchasing an additional 6,115 shares during the period. Vident Advisory LLC acquired a new position in Vita Coco during the 4th quarter valued at approximately $284,000. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Vita Coco during the 4th quarter worth $73,242,000. Institutional investors and hedge funds own 88.49% of the company’s stock.
Vita Coco News Roundup
Here are the key news stories impacting Vita Coco this week:
- Positive Sentiment: Analyst support and raised price targets: Several firms have recently lifted targets (Wells Fargo, Evercore, Piper Sandler) or maintained upbeat views, giving the stock a constructive backdrop that may limit downside. MarketBeat COCO Coverage
- Positive Sentiment: New product promotion: Vita Coco rolled out a “Frosted Lemonade” offering — consumer-facing activity that can support retail momentum and category visibility. Vita Coco Treats Frosted Lemonade
- Positive Sentiment: Volume-growth narrative: Fund commentary highlights strong volume growth trends supporting the company’s franchise characteristics, a potential tailwind for medium-term earnings. InsiderMonkey: Volume Growth
- Neutral Sentiment: Recent fundamentals: Fiscal Q4 reported revenue beat but an EPS miss (Feb. 18). Revenue growth was modest year-over-year; analysts’ consensus remains moderately positive but values imply execution expectations. Earnings & Analyst Summary
- Negative Sentiment: Large insider selling — COO: Jonathan Burth (COO) sold 60,000 shares (~50.9% reduction in his holdings) at an average ~$58.65 on March 16, signaling material insider liquidity and creating downward pressure. SEC filing: COO Form 4
- Negative Sentiment: Additional insider sales — CFO and others: CFO Corey Baker and other insiders sold blocks (multiple ~2,000-share sales at ~\$57.98–\$58.86), which adds to the perception of management-side selling. Filings/coverage: InsiderTrades Alert and SEC Form 4: CFO Form 4
- Negative Sentiment: Share-price reaction: The stock recently pulled back (reported ~-4% on March 17), reflecting immediate market sensitivity to the insider sales combined with normal volatility after earnings and analyst repositioning. Zacks: COCO Stock Dips
Wall Street Analyst Weigh In
Several analysts have issued reports on COCO shares. Weiss Ratings restated a “buy (b-)” rating on shares of Vita Coco in a research note on Monday, December 29th. Wall Street Zen lowered Vita Coco from a “buy” rating to a “sell” rating in a research report on Saturday, February 21st. Wells Fargo & Company boosted their price target on Vita Coco from $50.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Piper Sandler upped their price target on Vita Coco from $47.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, November 25th. Finally, Morgan Stanley raised their price objective on Vita Coco from $49.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Monday, February 23rd. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Vita Coco has an average rating of “Moderate Buy” and an average target price of $56.38.
View Our Latest Report on Vita Coco
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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