Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Holdings Boosted by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 322,963 shares of the company's stock after purchasing an additional 9,037 shares during the period. First Eagle Investment Management LLC's holdings in Coca-Cola FEMSA were worth $25,156,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KOF. SBI Securities Co. Ltd. acquired a new position in Coca-Cola FEMSA in the fourth quarter worth about $29,000. Steward Partners Investment Advisory LLC grew its stake in Coca-Cola FEMSA by 1,388.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Coca-Cola FEMSA in the fourth quarter worth about $70,000. Wilmington Savings Fund Society FSB acquired a new position in Coca-Cola FEMSA in the third quarter worth about $71,000. Finally, Jones Financial Companies Lllp grew its stake in Coca-Cola FEMSA by 111.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company's stock worth $123,000 after purchasing an additional 835 shares in the last quarter.

Coca-Cola FEMSA Price Performance

NYSE:KOF traded up $0.36 during midday trading on Tuesday, hitting $89.46. 154,232 shares of the stock were exchanged, compared to its average volume of 169,476. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $72.68 and a one year high of $102.28. The company has a market capitalization of $150.36 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 0.62 and a beta of 0.79. The business has a 50-day moving average price of $81.65 and a two-hundred day moving average price of $82.81. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com downgraded Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research note on Thursday, March 13th. Barclays lifted their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Seven 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 target price of $104.00.

Coca-Cola FEMSA 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.