Ramirez Asset Management Inc. Reduces Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Ramirez Asset Management Inc. reduced its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 9.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,681 shares of the company’s stock after selling 1,472 shares during the quarter. Ramirez Asset Management Inc.’s holdings in Coca-Cola FEMSA were worth $1,066,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KOF. Quantbot Technologies LP boosted its stake in shares of Coca-Cola FEMSA by 266.0% during the 3rd quarter. Quantbot Technologies LP now owns 14,243 shares of the company’s stock worth $1,264,000 after purchasing an additional 10,352 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Coca-Cola FEMSA by 150.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 44,600 shares of the company’s stock valued at $3,957,000 after buying an additional 26,800 shares during the period. HighTower Advisors LLC boosted its position in Coca-Cola FEMSA by 43.3% during the third quarter. HighTower Advisors LLC now owns 4,844 shares of the company’s stock worth $428,000 after acquiring an additional 1,464 shares during the last quarter. Itau Unibanco Holding S.A. grew its stake in Coca-Cola FEMSA by 59.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after acquiring an additional 304,197 shares during the period. Finally, Wexford Capital LP boosted its holdings in shares of Coca-Cola FEMSA by 13.8% during the third quarter. Wexford Capital LP now owns 122,930 shares of the company’s stock worth $10,906,000 after purchasing an additional 14,938 shares during the last quarter.

Coca-Cola FEMSA Stock Up 0.4 %

NYSE KOF opened at $91.32 on Friday. 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, 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 business has a 50 day moving average price of $83.83 and a two-hundred day moving average price of $83.07. The stock has a market cap of $153.47 billion, a PE ratio of 15.50, a P/E/G ratio of 0.62 and a beta of 0.79.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. As a group, sell-side analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Wall Street Analyst Weigh In

KOF has been the topic of several research analyst reports. Barclays raised their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $104.00.

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.