Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC decreased its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 10,004 shares of the company’s stock after selling 366 shares during the period. Freestone Capital Holdings LLC’s holdings in Coca-Cola FEMSA were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in KOF. JPMorgan Chase & Co. boosted its position in Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after purchasing an additional 378,325 shares during the period. Sanctuary Advisors LLC boosted its position in Coca-Cola FEMSA by 17.4% during the 4th quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company’s stock valued at $1,562,000 after purchasing an additional 2,902 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Coca-Cola FEMSA by 570.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company’s stock valued at $386,000 after purchasing an additional 4,214 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock valued at $95,496,000 after purchasing an additional 157,530 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Coca-Cola FEMSA by 73.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock valued at $23,160,000 after purchasing an additional 110,926 shares during the period.

Coca-Cola FEMSA Stock Up 0.0 %

Shares of Coca-Cola FEMSA stock opened at $87.30 on Friday. The business’s fifty day moving average price is $80.11 and its two-hundred day moving average price is $82.88. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The company has a market capitalization of $146.71 billion, a P/E ratio of 14.82, a PEG ratio of 0.62 and a beta of 0.83. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $72.68 and a 1-year high of $102.28.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday. StockNews.com lowered Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $104.00.

Coca-Cola FEMSA Company Profile

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.