Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 57.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,519 shares of the company’s stock after selling 2,036 shares during the period. Blue Trust Inc.’s holdings in Coca-Cola FEMSA were worth $118,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. CWM LLC increased its stake in shares of Coca-Cola FEMSA by 37.3% during the third quarter. CWM LLC now owns 1,171 shares of the company’s stock valued at $104,000 after acquiring an additional 318 shares during the period. Raymond James & Associates grew its holdings in Coca-Cola FEMSA by 76.2% during the third quarter. Raymond James & Associates now owns 30,251 shares of the company’s stock worth $2,684,000 after acquiring an additional 13,080 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Coca-Cola FEMSA in the third quarter worth about $31,000. Legacy Capital Group California Inc. acquired a new stake in Coca-Cola FEMSA in the 3rd quarter valued at about $289,000. Finally, Hartford Financial Management Inc. boosted its position in shares of Coca-Cola FEMSA by 42.2% during the 3rd quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock valued at $42,000 after purchasing an additional 140 shares in the last quarter.

Coca-Cola FEMSA Stock Performance

KOF stock opened at $88.27 on Friday. The firm has a 50 day moving average of $78.78 and a two-hundred day moving average of $82.91. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $102.28. The company has a market capitalization of $148.36 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 0.61 and a beta of 0.83. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, equities 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

KOF has been the topic of a number of research reports. Citigroup upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Barclays reduced their price target on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $104.75.

About Coca-Cola FEMSA

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.