Sanctuary Advisors LLC Acquires 2,902 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Sanctuary Advisors LLC grew its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 17.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,587 shares of the company’s stock after acquiring an additional 2,902 shares during the period. Sanctuary Advisors LLC’s holdings in Coca-Cola FEMSA were worth $1,562,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. boosted its holdings in Coca-Cola FEMSA by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after purchasing an additional 157,530 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Coca-Cola FEMSA by 59.8% in the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after buying an additional 304,197 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after acquiring an additional 378,325 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Coca-Cola FEMSA by 73.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock valued at $23,160,000 after acquiring an additional 110,926 shares during the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Coca-Cola FEMSA by 4.4% in the 3rd quarter. Natixis Advisors LLC now owns 237,148 shares of the company’s stock valued at $21,040,000 after acquiring an additional 9,911 shares in the last quarter.

Coca-Cola FEMSA Stock Up 0.1 %

KOF opened at $88.49 on Tuesday. The business has a 50 day moving average of $78.93 and a 200-day moving average of $82.89. The stock has a market capitalization of $148.72 billion, a price-to-earnings ratio of 15.02, a P/E/G ratio of 0.62 and a beta of 0.83. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $72.68 and a 1-year high of $102.28.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.22. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, sell-side analysts anticipate 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 research analysts have issued reports on KOF shares. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Citigroup raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $93.00 to $102.00 in a report on Tuesday, October 29th. Finally, Barclays lowered their target price on shares of Coca-Cola FEMSA from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola FEMSA currently has a consensus rating of “Buy” and a consensus target price of $104.75.

Coca-Cola FEMSA Company 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.