131,800 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Purchased by Lakewood Capital Management LP

Lakewood Capital Management LP acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the third quarter, Holdings Channel reports. The firm acquired 131,800 shares of the company’s stock, valued at approximately $10,953,000.

Several other large investors also recently added to or reduced their stakes in the stock. Boston Partners grew its stake in Coca Cola Femsa by 4,404.3% in the 2nd quarter. Boston Partners now owns 1,681,955 shares of the company’s stock worth $162,665,000 after acquiring an additional 1,644,614 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Coca Cola Femsa by 87.4% in the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after purchasing an additional 274,894 shares during the period. Cullen Capital Management LLC grew its stake in Coca Cola Femsa by 2.4% in the second quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock worth $51,369,000 after purchasing an additional 12,312 shares in the last quarter. Invesco Ltd. increased its holdings in Coca Cola Femsa by 34.6% during the 3rd quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock worth $25,035,000 after purchasing an additional 77,475 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Coca Cola Femsa by 7.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock worth $18,750,000 after purchasing an additional 14,687 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have weighed in on KOF shares. JPMorgan Chase & Co. cut Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Wednesday, January 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. UBS Group cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target for the company in a report on Wednesday, February 11th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.60.

Coca Cola Femsa Stock Down 2.4%

Coca Cola Femsa stock opened at $97.02 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average of $105.44 and a two-hundred day moving average of $93.69. Coca Cola Femsa S.A.B. de C.V. has a one year low of $80.22 and a one year high of $116.36.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.04). The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%. Equities research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.