Morgan Stanley lifted its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 7.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,231 shares of the company’s stock after purchasing an additional 11,705 shares during the quarter. Morgan Stanley owned 0.08% of Coca-Cola FEMSA worth $10,765,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP acquired a new position in shares of Coca-Cola FEMSA during the 1st quarter worth $26,000. Redhawk Wealth Advisors Inc. purchased a new stake in Coca-Cola FEMSA in the 2nd quarter worth about $35,000. Tower Research Capital LLC TRC increased its position in shares of Coca-Cola FEMSA by 84.2% during the second quarter. Tower Research Capital LLC TRC now owns 709 shares of the company’s stock worth $44,000 after acquiring an additional 324 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Coca-Cola FEMSA by 52.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,386 shares of the company’s stock worth $397,000 after acquiring an additional 2,200 shares during the period. Finally, Stevens Capital Management LP purchased a new position in shares of Coca-Cola FEMSA during the second quarter worth approximately $444,000. 7.19% of the stock is currently owned by institutional investors.
Shares of KOF traded down $0.12 during mid-day trading on Monday, hitting $61.84. The company had a trading volume of 1,077 shares, compared to its average volume of 107,700. The business’s 50-day simple moving average is $60.51 and its 200-day simple moving average is $62.36. The company has a quick ratio of 0.82, a current ratio of 1.01 and a debt-to-equity ratio of 0.46. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $56.19 and a 1-year high of $69.00. The stock has a market cap of $12.95 billion, a PE ratio of 22.88, a P/E/G ratio of 1.87 and a beta of 0.64.
Coca-Cola FEMSA (NYSE:KOF) last issued its earnings results on Thursday, July 25th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.05. Coca-Cola FEMSA had a return on equity of 9.02% and a net margin of 7.87%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.44 billion. On average, sell-side analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 3.36 earnings per share for the current year.
A number of equities analysts recently weighed in on KOF shares. Zacks Investment Research lowered shares of Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. ValuEngine cut shares of Coca-Cola FEMSA from a “hold” rating to a “sell” rating in a research note on Thursday, September 5th.
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 still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.
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