CenterBook Partners LP Decreases Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

CenterBook Partners LP cut its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 46.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,596 shares of the company’s stock after selling 39,624 shares during the quarter. CenterBook Partners LP’s holdings in Coca-Cola FEMSA were worth $3,551,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in KOF. SBI Securities Co. Ltd. purchased a new stake in Coca-Cola FEMSA in the 4th quarter worth about $29,000. Steward Partners Investment Advisory LLC raised its stake in 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 acquiring an additional 375 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in Coca-Cola FEMSA in the 3rd quarter valued at about $71,000. Whipplewood Advisors LLC bought a new stake in Coca-Cola FEMSA in the 4th quarter valued at about $70,000. Finally, Jones Financial Companies Lllp raised its stake in Coca-Cola FEMSA by 111.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company’s stock valued at $123,000 after acquiring an additional 835 shares during the period.

Coca-Cola FEMSA Stock Up 6.2 %

Shares of KOF opened at $95.07 on Thursday. The firm has a market cap of $159.78 billion, a P/E ratio of 16.14, a P/E/G ratio of 0.62 and a beta of 0.58. The stock has a 50 day simple moving average of $87.32 and a two-hundred day simple moving average of $83.44. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. 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 issued its earnings results on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.22. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. On average, analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KOF. StockNews.com cut Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 2nd. Barclays upped their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Coca-Cola FEMSA presently has a consensus rating of “Buy” and a consensus 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.