APG Asset Management N.V. Has $334,000 Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

APG Asset Management N.V. reduced its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 90.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,164 shares of the company’s stock after selling 37,976 shares during the period. APG Asset Management N.V.’s holdings in Coca-Cola FEMSA were worth $334,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN boosted its holdings in Coca-Cola FEMSA by 8.0% during the fourth quarter. Wells Fargo & Company MN now owns 101,718 shares of the company’s stock worth $9,627,000 after buying an additional 7,550 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Coca-Cola FEMSA by 74.9% in the 4th quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock valued at $55,000 after acquiring an additional 248 shares during the period. Goldman Sachs Group Inc. boosted its stake in Coca-Cola FEMSA by 7.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock worth $125,686,000 after acquiring an additional 97,238 shares during the last quarter. Privium Fund Management UK Ltd grew its holdings in Coca-Cola FEMSA by 20.0% during the fourth quarter. Privium Fund Management UK Ltd now owns 17,443 shares of the company’s stock valued at $1,651,000 after purchasing an additional 2,910 shares during the period. Finally, AdvisorShares Investments LLC bought a new stake in Coca-Cola FEMSA in the fourth quarter valued at approximately $699,000.

Coca-Cola FEMSA Price Performance

KOF stock opened at $89.36 on Wednesday. The stock has a market cap of $150.18 billion, a PE ratio of 15.73, a price-to-earnings-growth ratio of 0.74 and a beta of 0.85. The stock has a 50-day moving average price of $87.88 and a two-hundred day moving average price of $90.85. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $69.33 and a 1 year high of $104.38. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.55. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. The business had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the firm earned $1.32 EPS. Equities analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on KOF shares. UBS Group reduced their price target on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Barclays lifted their target price on Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $101.91.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.