PNC Financial Services Group Inc. Sells 1,232 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

PNC Financial Services Group Inc. lowered its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 18.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,349 shares of the company’s stock after selling 1,232 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Coca-Cola FEMSA were worth $417,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Coca-Cola FEMSA by 90.5% during the third 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. Itau Unibanco Holding S.A. raised its stake 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 valued at $68,297,000 after acquiring an additional 304,197 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after acquiring an additional 157,530 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in 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 purchasing an additional 110,926 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new position in Coca-Cola FEMSA in the third quarter worth $3,912,000.

Analyst Upgrades and Downgrades

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

Coca-Cola FEMSA Stock Performance

KOF opened at $90.63 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $102.28. The firm has a market cap of $152.31 billion, a P/E ratio of 15.39, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. The business’s fifty day moving average is $82.47 and its 200-day moving average is $82.94.

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

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.