Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,566 shares of the company's stock after selling 60,483 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Coca-Cola FEMSA were worth $15,622,000 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. Avantax Advisory Services Inc. raised its position 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 purchasing an additional 212 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Coca-Cola FEMSA during the fourth quarter worth approximately $2,570,000. Steward Partners Investment Advisory LLC raised its holdings 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 valued at $31,000 after acquiring an additional 375 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in Coca-Cola FEMSA in the fourth quarter worth approximately $29,000. Finally, Jones Financial Companies Lllp grew its holdings 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 acquiring an additional 835 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. StockNews.com lowered shares of Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Thursday. Barclays lifted their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, Coca-Cola FEMSA has a consensus rating of "Buy" and a consensus price target of $104.00.

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Coca-Cola FEMSA Stock Up 0.4 %

Shares of NYSE KOF traded up $0.37 during mid-day trading on Monday, reaching $89.38. The company had a trading volume of 138,177 shares, compared to its average volume of 169,540. The firm has a 50 day simple moving average of $81.39 and a two-hundred day simple moving average of $82.78. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $102.28. 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 stock has a market cap of $150.22 billion, a P/E ratio of 15.18, a PEG ratio of 0.62 and a beta of 0.79.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last issued its quarterly earnings data 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. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. Sell-side analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

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.