Summit Global Investments cut its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 51.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 23,126 shares of the company's stock after selling 24,561 shares during the quarter. Summit Global Investments' holdings in Coca-Cola FEMSA were worth $1,801,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of KOF. TD Private Client Wealth LLC lifted its holdings in shares of Coca-Cola FEMSA by 5.0% in the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock valued at $254,000 after purchasing an additional 155 shares in the last quarter. Kathmere Capital Management LLC raised its position in Coca-Cola FEMSA by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company's stock valued at $545,000 after buying an additional 206 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in Coca-Cola FEMSA by 1.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company's stock valued at $933,000 after acquiring an additional 212 shares in the last quarter. Park Avenue Securities LLC boosted its position in Coca-Cola FEMSA by 7.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock worth $272,000 after acquiring an additional 233 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Coca-Cola FEMSA during the 4th quarter worth approximately $29,000.
Coca-Cola FEMSA Stock Performance
Shares of Coca-Cola FEMSA stock traded up $1.75 during trading on Tuesday, hitting $89.79. 97,395 shares of the stock were exchanged, compared to its average volume of 171,206. 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 stock has a market capitalization of $150.90 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. The company has a fifty day moving average price of $82.98 and a 200-day moving average price of $82.93. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47.
Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. As a group, equities analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on KOF shares. StockNews.com lowered shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 13th. Barclays boosted 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, March 4th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $104.00.
Get Our Latest Stock Report on KOF
About Coca-Cola FEMSA
(
Free Report)
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.
Featured Stories
Before you consider Coca-Cola FEMSA, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola FEMSA wasn't on the list.
While Coca-Cola FEMSA currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
