The Vita Coco Company Set to Join S&P SmallCap 600

Rhea-AI Summary

The Vita Coco Company (NASD: COCO) will be added to the S&P SmallCap 600 effective prior to market open on March 25, 2026, replacing TEGNA (TGNA) after Nexstar closed its acquisition of TEGNA on March 20, 2026.

The change was announced by S&P Dow Jones Indices and lists Vita Coco in the Consumer Staples GICS sector for index composition purposes.

Positive

• Index addition: Added to S&P SmallCap 600 effective March 25, 2026
• Replacement: Replaces TEGNA after Nexstar acquisition closed March 20, 2026
• GICS classification: Assigned to Consumer Staples sector in index

Negative

• None.

News Market Reaction – SPGI

+1.05%

+1.05% Session close to close

In the Mar 23 session, SPGI gained 1.05%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a routine S&P SmallCap 600 index change, with The Vita Coco Company being ...

Analysis

This announcement details a routine S&P SmallCap 600 index change, with The Vita Coco Company being added and TEGNA removed following its acquisition. For SPGI, such updates highlight the ongoing relevance of its index franchise. In the background, SPGI reported $15.336 billion of 2025 revenue, returned $6.2 billion to shareholders, and maintained a dividend increase streak of more than 50 years, underscoring its established financial profile.

Key Figures

2025 Revenue: $15.336 billion 2025 GAAP Net Income: $4.471 billion 2025 GAAP Diluted EPS: $14.66 +5 more

8 metrics

2025 Revenue $15.336 billion 2025 results from DEF 14A

2025 GAAP Net Income $4.471 billion 2025 results from DEF 14A

2025 GAAP Diluted EPS $14.66 2025 results from DEF 14A

Capital Returned $6.2 billion Dividends and buybacks in 2025

Dividends Paid $1.2 billion Part of 2025 capital return

Share Repurchases $5.0 billion Part of 2025 capital return

Dividend Streak More than 50 years Consecutive annual dividend increases

Child Account Match $1,000 SPGI match to federal Section 530A contribution

Historical Context

5 past events · Latest: Apr 07 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 07	Employee benefits program	Positive	+1.6%	SPGI matches federal child savings contributions for eligible employees' families.
Apr 07	Index addition update	Positive	+1.6%	Diebold Nixdorf added to S&P SmallCap 600, replacing Sealed Air.
Apr 07	Product launch	Positive	-0.9%	CARFAX launches VIN-specific Future Reliability metric for vehicles.
Apr 06	Management change	Positive	+0.7%	Mobility unit names Chief Accounting Officer ahead of planned spinoff.
Apr 02	Index addition update	Positive	+0.7%	Atmus Filtration added to S&P SmallCap 600, replacing Air Lease.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent SPGI news, especially index changes and corporate initiatives, has most often aligned with modest positive price reactions, with only one notable divergence on a product launch.

Recent Company History

Over the past weeks, SPGI news has focused on operational enhancements and index actions. Employee benefits were expanded by matching the federal government’s $1,000 child savings contributions, while several announcements highlighted new S&P SmallCap 600 additions. CARFAX introduced a VIN‑specific Future Reliability product, and S&P Global Mobility appointed a Chief Accounting Officer ahead of a planned mid‑2026 separation. These updates show steady strategic and index-related activity around today’s index change notice.

Key Terms

s&p smallcap 600, gics sector, s&p 500, dow jones industrial average

4 terms

s&p smallcap 600 financial

"The Vita Coco Company Inc. (NASD: COCO) will replace TEGNA Inc... in the S&P SmallCap 600"

A stock market index made up of 600 small-cap U.S. companies chosen to represent the performance of smaller publicly traded firms. It matters to investors because it acts like a temperature gauge for the small-company segment of the market, serving as a benchmark for fund managers, a basis for index funds and ETFs, and a way to compare returns and risk when building a diversified portfolio.

gics sector technical

"Effective Date | Index Name | Action | Company Name | Ticker | GICS Sector"

GICS sector is one of the major industry groupings from the Global Industry Classification Standard, a system that sorts companies into consistent categories (like Technology or Health Care) based on the primary business they do. Investors use these sectors like folders in a filing cabinet to compare companies, build diversified portfolios, and track how whole parts of the market are performing rather than focusing on single stocks.

s&p 500 financial

"home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®"

The S&P 500 is a broad stock market index that tracks the performance of 500 large U.S. companies, weighted so bigger firms have a larger impact. Investors use it like a thermometer or benchmark to judge how the overall U.S. stock market or a portfolio is doing; movements in the index influence investor sentiment, fund performance, and many passive investment products that aim to match its returns.

View in glossary

dow jones industrial average financial

"such as the S&P 500® and the Dow Jones Industrial Average®"

A stock market index that tracks the share prices of a small group of large, well-known companies to give a quick snapshot of how the broader market is doing. Think of it like a thermometer for the stock market: it uses a handful of heavyweight firms as representative samples to show whether investor sentiment is rising or falling, which helps investors gauge market trends and compare performance over time.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, March 20, 2026 /PRNewswire/ -- The Vita Coco Company Inc. (NASD: COCO) will replace TEGNA Inc. (NYSE: TGNA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, March 25. S&P MidCap 400 constituent Nexstar Media Group Inc. (NASD: NXST) has acquired TEGNA in a deal that closed today, March 20.

Following is a summary of the change that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
March 25, 2026	S&P SmallCap 600	Addition	The Vita Coco Company	COCO	Consumer Staples
March 25, 2026	S&P SmallCap 600	Deletion	TEGNA	TGNA	Communication Services

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/.

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/the-vita-coco-company-set-to-join-sp-smallcap-600-302720243.html

SOURCE S&P Dow Jones Indices

FAQ

When will COCO join the S&P SmallCap 600 index?

COCO will join the S&P SmallCap 600 effective prior to trading on March 25, 2026. According to S&P Dow Jones Indices, the change becomes effective before the market open on that date, replacing TEGNA after its acquisition closed March 20, 2026.

Why is COCO being added to the S&P SmallCap 600 on March 25, 2026?

COCO is added to fill the vacancy created by TEGNA's removal following a corporate acquisition. According to S&P Dow Jones Indices, Nexstar's acquisition of TEGNA closed March 20, prompting the index reconstitution effective March 25, 2026.

What does COCO's inclusion in the S&P SmallCap 600 mean for shareholders?

Inclusion means COCO is part of the S&P SmallCap 600 index starting March 25, 2026. According to S&P Dow Jones Indices, index-tracking funds will use the index composition for rebalancing, affecting demand for COCO shares around the effective date.

Which company did COCO replace in the S&P SmallCap 600 and why?

COCO replaces TEGNA (TGNA) in the S&P SmallCap 600 effective March 25, 2026. According to S&P Dow Jones Indices, Nexstar Media Group completed its acquisition of TEGNA on March 20, 2026, prompting TEGNA's deletion.

What GICS sector will COCO be listed under in the S&P SmallCap 600?

COCO will be classified in the Consumer Staples GICS sector within the S&P SmallCap 600. According to S&P Dow Jones Indices, the March 25, 2026 index update assigns Vita Coco to Consumer Staples for index construction.