Jones Financial Companies Lllp Acquires 835 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Jones Financial Companies Lllp boosted its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 111.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,585 shares of the company’s stock after acquiring an additional 835 shares during the period. Jones Financial Companies Lllp’s holdings in Coca-Cola FEMSA were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new position in Coca-Cola FEMSA during the fourth quarter worth about $70,000. Wilmington Savings Fund Society FSB bought a new position in Coca-Cola FEMSA during the third quarter worth about $71,000. Y Intercept Hong Kong Ltd bought a new position in Coca-Cola FEMSA during the fourth quarter worth about $213,000. Journey Strategic Wealth LLC bought a new position in Coca-Cola FEMSA during the fourth quarter worth about $215,000. Finally, R Squared Ltd bought a new position in Coca-Cola FEMSA during the fourth quarter worth about $216,000.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KOF. StockNews.com lowered Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Thursday. Barclays upped their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $104.00.

Coca-Cola FEMSA Price Performance

Shares of NYSE KOF opened at $88.95 on Friday. The business’s 50 day moving average price is $81.39 and its two-hundred day moving average price is $82.81. The company has a market cap of $149.50 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. 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, S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $102.28.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. The firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. On average, analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current year.

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.