Steward Partners Investment Advisory LLC Has $31,000 Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Steward Partners Investment Advisory LLC grew its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 1,388.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 402 shares of the company’s stock after purchasing an additional 375 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Coca-Cola FEMSA were worth $31,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. SBI Securities Co. Ltd. acquired a new stake in Coca-Cola FEMSA in the 4th quarter worth $29,000. Jones Financial Companies Lllp grew its position in Coca-Cola FEMSA by 111.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company’s stock worth $123,000 after purchasing an additional 835 shares during the last quarter. Sage Investment Counsel LLC acquired a new stake in Coca-Cola FEMSA in the 4th quarter worth $273,000. Whipplewood Advisors LLC acquired a new stake in shares of Coca-Cola FEMSA during the 4th quarter valued at about $70,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Coca-Cola FEMSA during the 4th quarter valued at about $213,000.

Analysts Set New Price Targets

Several analysts have recently weighed in on KOF shares. Barclays lifted their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. StockNews.com lowered shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coca-Cola FEMSA presently has an average rating of “Buy” and a consensus target price of $104.00.

Coca-Cola FEMSA Price Performance

NYSE:KOF opened at $89.27 on Thursday. The firm has a market cap of $150.04 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. 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 quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The company’s 50-day moving average price is $82.18 and its two-hundred day moving average price is $82.89.

Coca-Cola FEMSA (NYSE:KOF) last announced its 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. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. On average, equities analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current fiscal 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.