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

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.

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.

Key Figures

Share price: $20.03 Relative volume: 2.4x Merger consideration: $22.00 per share +5 more

Share price

$20.03

TGNA pre-close price before index deletion news

Relative volume

2.4x

Today vs 20-day average volume

Merger consideration

$22.00 per share

Cash paid for each TGNA share in Nexstar merger

Q4 2025 revenue

$706M

Quarter ended 2025, down 19% YoY

FY 2025 revenue

$2,712M

Full-year 2025, down 13% YoY

Two-year FCF

$1.0B

Adjusted free cash flow over two years

Senior notes outstanding

$1,100,000,000

TEGNA 5.000% notes due 2029 in Nexstar tender offer

Quarterly dividend

$0.125 per share

Dividend payable April 1, 2026

Historical Context

5 past events · Latest: Mar 05

5 events

1. Mar 05

   Tender offer notes

   24h Move

   +0.1%

   Nexstar announced cash tender offer for TGNA’s $1.1B 5.000% 2029 notes.

2. Mar 02

   Earnings and merger

   24h Move

   -0.4%

   Reported 2025 results with lower revenue and reaffirmed proposed $22.00 per-share acquisition.

3. Feb 26

   Quarterly dividend

   24h Move

   -0.5%

   Declared regular $0.125 per-share dividend payable April 1, 2026.

4. Jan 29

   Investigative award

   24h Move

   +0.2%

   WXIA won 2026 Alfred I. duPont-Columbia Award for ‘Help That Harms’ investigation.

5. Jan 28

   Product launch

   24h Move

   -0.4%

   Launched mobile app across 50 markets with sharply higher video plays and sessions.

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

Key Terms

s&p smallcap 600, index, s&p 500, dow jones industrial average, +1 more

5 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.

index financial

"ABOUT S&P DOW JONES INDICES S&P Dow Jones Indices is the largest global resource for essential index-based concepts"

An index is a single number that tracks the combined performance of a group of stocks, bonds or other assets, acting like a market scorecard or thermometer for a particular industry, country or investment style. Investors use indexes to judge how a market or sector is doing, compare fund managers, and build or measure portfolios, since many funds aim to match or beat an index’s return.

View in glossary

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

gics sector financial

"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.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.