Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Acquired by First Eagle Investment Management LLC

First Eagle Investment Management LLC grew its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 322,963 shares of the company’s stock after purchasing an additional 9,037 shares during the quarter. First Eagle Investment Management LLC’s holdings in Coca-Cola FEMSA were worth $25,156,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Kathmere Capital Management LLC raised its stake in shares of Coca-Cola FEMSA by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock valued at $545,000 after purchasing an additional 206 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Coca-Cola FEMSA by 1.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company’s stock valued at $933,000 after purchasing an additional 212 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of Coca-Cola FEMSA by 7.1% in the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock valued at $272,000 after purchasing an additional 233 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola FEMSA in the 4th quarter valued at about $29,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Coca-Cola FEMSA by 1,388.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. StockNews.com lowered shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Thursday. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $104.00.

Coca-Cola FEMSA Price Performance

KOF opened at $87.73 on Friday. The firm has a market cap of $147.44 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $102.28. The company’s 50-day moving average price is $80.94 and its 200 day moving average price is $82.79. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. As a group, sell-side analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.