Macquarie Group Ltd. decreased its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,127,407 shares of the company’s stock after selling 22,403 shares during the period. Macquarie Group Ltd. owned about 1.03% of Coca-Cola FEMSA worth $148,104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KOF. Burgundy Asset Management Ltd. lifted its stake in shares of Coca-Cola FEMSA by 40.9% during the 4th quarter. Burgundy Asset Management Ltd. now owns 564,864 shares of the company’s stock valued at $39,326,000 after buying an additional 163,836 shares in the last quarter. ARGA Investment Management LP lifted its stake in Coca-Cola FEMSA by 112.8% in the 4th quarter. ARGA Investment Management LP now owns 215,579 shares of the company’s stock worth $15,009,000 after purchasing an additional 114,279 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Coca-Cola FEMSA by 105.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 167,027 shares of the company’s stock worth $12,881,000 after purchasing an additional 85,893 shares in the last quarter. Millennium Management LLC lifted its stake in Coca-Cola FEMSA by 42.4% in the 4th quarter. Millennium Management LLC now owns 183,050 shares of the company’s stock worth $12,744,000 after purchasing an additional 54,547 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Coca-Cola FEMSA by 3.6% in the 4th quarter. Renaissance Technologies LLC now owns 960,600 shares of the company’s stock worth $66,877,000 after purchasing an additional 33,100 shares in the last quarter. Institutional investors own 6.63% of the company’s stock.
KOF stock traded down $0.39 during mid-day trading on Friday, reaching $66.11. The company had a trading volume of 55,686 shares, compared to its average volume of 79,713. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.00 and a quick ratio of 0.80. The company has a market capitalization of $13,784.78, a P/E ratio of 20.28 and a beta of 1.03. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $63.90 and a 12 month high of $91.85.
Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.98 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.98. Coca-Cola FEMSA had a negative net margin of 6.34% and a positive return on equity of 11.29%. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $3.10 billion. research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 3.64 EPS for the current fiscal year.
KOF has been the topic of several research analyst reports. Zacks Investment Research cut shares of Coca-Cola FEMSA from a “hold” rating to a “sell” rating in a research note on Thursday, December 28th. Morgan Stanley upgraded shares of Coca-Cola FEMSA from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $99.67.
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Coca-Cola FEMSA Profile
Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, distributes, and sells Coca-Cola trademark beverages. The company offers a portfolio of products, including sparkling beverages, still beverages, juices, sports, and energy drinks, as well as teas, waters, isotonics, and dairy products.
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