Gradient Investments LLC Raises Stake in Coca Cola Femsa S.A.B. de C.V. $KOF

Gradient Investments LLC lifted its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 51.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,120 shares of the company’s stock after purchasing an additional 6,843 shares during the quarter. Gradient Investments LLC’s holdings in Coca Cola Femsa were worth $1,906,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KOF. EverSource Wealth Advisors LLC boosted its holdings in Coca Cola Femsa by 14.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock worth $88,000 after buying an additional 135 shares in the last quarter. Ethic Inc. increased its holdings in Coca Cola Femsa by 3.1% in the third quarter. Ethic Inc. now owns 4,847 shares of the company’s stock valued at $403,000 after buying an additional 148 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Coca Cola Femsa by 0.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 16,847 shares of the company’s stock valued at $1,630,000 after acquiring an additional 152 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Coca Cola Femsa by 9.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,009 shares of the company’s stock worth $169,000 after acquiring an additional 168 shares in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in shares of Coca Cola Femsa by 6.6% during the 3rd quarter. Cresset Asset Management LLC now owns 3,025 shares of the company’s stock worth $251,000 after acquiring an additional 188 shares in the last quarter.

Coca Cola Femsa Trading Down 1.2%

Shares of Coca Cola Femsa stock opened at $93.46 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.12 and a quick ratio of 0.91. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $80.22 and a 1 year high of $116.36. The company has a market capitalization of $157.08 billion, a P/E ratio of 15.68, a P/E/G ratio of 1.01 and a beta of 0.49. The business has a 50 day moving average price of $105.42 and a 200 day moving average price of $94.29.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KOF shares. JPMorgan Chase & Co. downgraded Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective for the company. in a research note on Wednesday, January 28th. Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 target price on the stock in a research report on Wednesday, February 11th. The Goldman Sachs Group upped their target price on Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Finally, Wall Street Zen raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Coca Cola Femsa presently has an average rating of “Moderate Buy” and a consensus target price of $111.60.

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.