Avantax Advisory Services Inc. Purchases 212 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Avantax Advisory Services Inc. raised its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,976 shares of the company’s stock after purchasing an additional 212 shares during the period. Avantax Advisory Services Inc.’s holdings in Coca-Cola FEMSA were worth $933,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in KOF. SBI Securities Co. Ltd. purchased a new position in Coca-Cola FEMSA during the fourth quarter worth about $29,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Coca-Cola FEMSA by 1,388.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Whipplewood Advisors LLC bought a new position in shares of Coca-Cola FEMSA in the fourth quarter worth approximately $70,000. Wilmington Savings Fund Society FSB bought a new position in shares of Coca-Cola FEMSA in the third quarter worth approximately $71,000. Finally, Jones Financial Companies Lllp lifted its position in Coca-Cola FEMSA by 111.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company’s stock valued at $123,000 after purchasing an additional 835 shares during the last quarter.

Coca-Cola FEMSA Trading Down 0.3 %

Shares of KOF opened at $89.27 on Thursday. 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 firm has a market cap of $150.04 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 0.62 and a beta of 0.79. The firm has a 50 day moving average price of $82.18 and a 200-day moving average price of $82.89. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping 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 business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. As a group, equities research analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barclays increased their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. StockNews.com cut Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $104.00.

Coca-Cola FEMSA 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.