Ritholtz Wealth Management Increases Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Ritholtz Wealth Management boosted its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,871 shares of the company’s stock after purchasing an additional 968 shares during the quarter. Ritholtz Wealth Management’s holdings in Coca-Cola FEMSA were worth $3,016,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Pacer Advisors Inc. raised its position in shares of Coca-Cola FEMSA by 102.5% during the 4th quarter. Pacer Advisors Inc. now owns 9,223 shares of the company’s stock valued at $873,000 after buying an additional 4,669 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Coca-Cola FEMSA by 11.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,175 shares of the company’s stock valued at $490,000 after purchasing an additional 543 shares during the last quarter. Cornerstone Wealth Management LLC bought a new position in Coca-Cola FEMSA during the 4th quarter valued at about $306,000. Dfpg Investments LLC grew its holdings in Coca-Cola FEMSA by 11.2% during the 4th quarter. Dfpg Investments LLC now owns 6,709 shares of the company’s stock valued at $616,000 after purchasing an additional 678 shares during the last quarter. Finally, VisionPoint Advisory Group LLC grew its holdings in Coca-Cola FEMSA by 16.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 8,357 shares of the company’s stock valued at $656,000 after purchasing an additional 1,180 shares during the last quarter.

Coca-Cola FEMSA Trading Up 0.5 %

Shares of NYSE KOF traded up $0.48 during midday trading on Thursday, reaching $97.21. 105,458 shares of the company’s stock traded hands, compared to its average volume of 167,575. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.02. The stock’s 50 day simple moving average is $96.79 and its 200-day simple moving average is $88.45. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $69.33 and a one year high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Friday, February 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.30). Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.49%. The business had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the prior year, the business posted $1.73 earnings per share. On average, research analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on KOF shares. Jefferies Financial Group started coverage on shares of Coca-Cola FEMSA in a report on Monday, December 4th. They set a “buy” rating and a $100.57 price target on the stock. UBS Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and upped their price target for the company from $83.00 to $109.00 in a report on Friday, January 12th. JPMorgan Chase & Co. upgraded shares of Coca-Cola FEMSA from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $89.00 to $102.00 in a research note on Friday, February 2nd. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Citigroup assumed coverage on shares of Coca-Cola FEMSA in a research note on Thursday, December 7th. They issued a “neutral” rating and a $90.00 target price on the stock. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.61.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.