SBI Securities Co. Ltd. Takes $29,000 Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 373 shares of the company’s stock, valued at approximately $29,000.

A number of other large investors have also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. lifted its position in shares of 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 valued at $95,496,000 after buying an additional 157,530 shares in the last quarter. Itau Unibanco Holding S.A. raised its stake in Coca-Cola FEMSA by 59.8% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock valued at $68,297,000 after purchasing an additional 304,197 shares during the period. JPMorgan Chase & Co. raised its stake in Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after purchasing an additional 378,325 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake 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 during the period. Finally, Natixis Advisors LLC raised its stake in Coca-Cola FEMSA by 4.4% during the 3rd quarter. Natixis Advisors LLC now owns 237,148 shares of the company’s stock valued at $21,040,000 after purchasing an additional 9,911 shares during the period.

Coca-Cola FEMSA Stock Performance

NYSE:KOF opened at $88.03 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. 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. The stock’s 50 day simple moving average is $80.94 and its two-hundred day simple moving average is $82.79. The company has a market cap of $147.94 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.62 and a beta of 0.79.

Coca-Cola FEMSA (NYSE:KOF) last released 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. The business 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%. As a group, equities analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.