Corey Baker Sells 2,000 Shares of Vita Coco (NASDAQ:COCO) Stock

Vita Coco Company, Inc. (NASDAQ:COCO) CFO Corey Baker sold 2,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $57.98, for a total value of $115,960.00. Following the completion of the transaction, the chief financial officer owned 31,951 shares in the company, valued at $1,852,518.98. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Corey Baker also recently made the following trade(s):

• On Friday, March 13th, Corey Baker sold 2,000 shares of Vita Coco stock. The shares were sold at an average price of $58.86, for a total value of $117,720.00.

Vita Coco Stock Down 3.9%

COCO stock opened at $55.89 on Thursday. Vita Coco Company, Inc. has a twelve month low of $25.79 and a twelve month high of $61.39. The company has a market cap of $3.19 billion, a P/E ratio of 47.36, a PEG ratio of 1.83 and a beta of 0.37. The business has a fifty day moving average of $55.23 and a 200-day moving average of $48.96.

Vita Coco (NASDAQ:COCO) last posted its quarterly earnings results 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 firm had revenue of $127.79 million during the quarter, compared to the consensus estimate of $117.80 million. Vita Coco had a net margin of 11.70% and a return on equity of 23.19%. Vita Coco’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 EPS. As a group, equities research analysts anticipate that Vita Coco Company, Inc. will post 1.07 earnings per share for the current fiscal year.

Institutional Trading of Vita Coco

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in 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 purchasing an additional 227 shares during the period. CWM LLC raised its holdings in Vita Coco by 18.2% in the fourth quarter. CWM LLC now owns 1,505 shares of the company’s stock worth $80,000 after purchasing an additional 232 shares during the period. Mariner LLC raised its holdings in Vita Coco by 2.8% in the third quarter. Mariner LLC now owns 8,742 shares of the company’s stock worth $371,000 after purchasing an additional 236 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Vita Coco by 0.9% during the third quarter. Envestnet Asset Management Inc. now owns 33,541 shares of the company’s stock worth $1,424,000 after purchasing an additional 298 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of Vita Coco by 3.2% in the 2nd quarter. Schroder Investment Management Group now owns 12,041 shares of the company’s stock valued at $435,000 after buying an additional 376 shares during the period. 88.49% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COCO has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Vita Coco from $50.00 to $63.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Zacks Research cut shares of Vita Coco from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Morgan Stanley lifted their target price on shares of Vita Coco from $49.00 to $57.00 and gave the stock an “equal weight” rating in a report on Monday, February 23rd. Wall Street Zen cut shares of Vita Coco from a “buy” rating to a “sell” rating in a research report on Saturday, February 21st. Finally, Evercore reissued an “outperform” rating and issued a $70.00 price target on shares of Vita Coco in a research note on Thursday, March 12th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $56.38.

Key Stories Impacting Vita Coco

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

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.