BlackRock Inc. Purchases 832 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (KOF)

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BlackRock Inc. boosted its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 5.0% in the 4th quarter, Holdings Channel reports. The firm owned 17,334 shares of the company’s stock after acquiring an additional 832 shares during the quarter. BlackRock Inc.’s holdings in Coca-Cola FEMSA were worth $1,054,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KOF. FMR LLC boosted its holdings in Coca-Cola FEMSA by 3.7% during the third quarter. FMR LLC now owns 137,801 shares of the company’s stock worth $8,439,000 after purchasing an additional 4,901 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Coca-Cola FEMSA by 4.6% during the third quarter. Dimensional Fund Advisors LP now owns 337,597 shares of the company’s stock worth $20,669,000 after purchasing an additional 14,885 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Coca-Cola FEMSA by 86.1% during the third quarter. JPMorgan Chase & Co. now owns 38,986 shares of the company’s stock worth $2,387,000 after purchasing an additional 18,034 shares during the last quarter. Federated Investors Inc. PA purchased a new position in Coca-Cola FEMSA during the third quarter worth about $80,000. Finally, Quadrant Capital Group LLC boosted its holdings in Coca-Cola FEMSA by 1,682.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,016 shares of the company’s stock worth $60,000 after purchasing an additional 959 shares during the last quarter. 7.16% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on KOF. ValuEngine cut shares of Coca-Cola FEMSA from a “hold” rating to a “sell” rating in a report on Tuesday, February 19th. Zacks Investment Research upgraded shares of Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Santander cut shares of Coca-Cola FEMSA from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Barclays cut their price target on shares of Coca-Cola FEMSA from $73.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $71.50.

Shares of KOF stock opened at $64.64 on Friday. The stock has a market capitalization of $13.47 billion, a price-to-earnings ratio of 23.85, a P/E/G ratio of 2.04 and a beta of 0.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.04 and a current ratio of 0.95. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $54.53 and a 52 week high of $69.00.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings data on Tuesday, February 26th. The company reported $0.70 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.25). The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.62 billion. Coca-Cola FEMSA had a return on equity of 8.53% and a net margin of 7.34%. Research analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 3.25 earnings per share for the current year.

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Coca-Cola FEMSA Company Profile

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 still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.

See Also: Quiet Period Expirations

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Institutional Ownership by Quarter for Coca-Cola FEMSA (NYSE:KOF)

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