Capital Wealth Planning LLC Sells 3,318 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Capital Wealth Planning LLC lessened its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,836 shares of the company's stock after selling 3,318 shares during the quarter. Capital Wealth Planning LLC's holdings in Coca-Cola FEMSA were worth $1,467,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its position in Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock worth $70,672,000 after buying an additional 378,325 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Coca-Cola FEMSA by 17.4% in the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company's stock valued at $1,562,000 after acquiring an additional 2,902 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Coca-Cola FEMSA by 570.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,953 shares of the company's stock worth $386,000 after acquiring an additional 4,214 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Coca-Cola FEMSA during the third quarter valued at approximately $31,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in Coca-Cola FEMSA by 14.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company's stock valued at $95,496,000 after purchasing an additional 157,530 shares in the last quarter.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. StockNews.com cut Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Barclays upped their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Coca-Cola FEMSA has an average rating of "Buy" and an average price target of $104.00.

Coca-Cola FEMSA Stock Performance

Shares of NYSE KOF traded down $0.47 during midday trading on Wednesday, hitting $87.26. 166,570 shares of the company's stock were exchanged, compared to its average volume of 202,371. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $146.65 billion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.62 and a beta of 0.83. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $102.28. The company's 50 day moving average price is $79.94 and its 200 day moving average price is $82.84.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.51 by $0.22. The firm had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. As a group, analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca-Cola FEMSA Company Profile

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.