Sei Investments Co. Decreases Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Sei Investments Co. lowered its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 37.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,342 shares of the company's stock after selling 19,715 shares during the period. Sei Investments Co.'s holdings in Coca-Cola FEMSA were worth $2,519,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in KOF. SBI Securities Co. Ltd. acquired a new position in Coca-Cola FEMSA during the fourth quarter worth approximately $29,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Coca-Cola FEMSA by 1,388.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock valued at $31,000 after acquiring an additional 375 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Coca-Cola FEMSA in the 3rd quarter valued at $71,000. Whipplewood Advisors LLC acquired a new stake in Coca-Cola FEMSA during the 4th quarter worth $70,000. Finally, Jones Financial Companies Lllp grew its position in Coca-Cola FEMSA by 111.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company's stock worth $123,000 after purchasing an additional 835 shares during the last quarter.

Coca-Cola FEMSA Stock Performance

Shares of Coca-Cola FEMSA stock traded up $5.57 on Wednesday, reaching $95.07. 520,826 shares of the stock were exchanged, compared to its average volume of 175,705. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $159.78 billion, a PE ratio of 16.14, a PEG ratio of 0.62 and a beta of 0.58. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $72.68 and a 1-year high of $102.28. The business has a fifty day moving average price of $87.32 and a two-hundred day moving average price of $83.44.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KOF. StockNews.com cut shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Wednesday, April 2nd. Barclays upped their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, Coca-Cola FEMSA presently has an average rating of "Buy" and an average price target of $104.00.

About Coca-Cola FEMSA

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.