Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC boosted its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 106.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,868 shares of the company's stock after purchasing an additional 8,685 shares during the period. Corient Private Wealth LLC's holdings in Coca-Cola FEMSA were worth $1,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KOF. JPMorgan Chase & Co. boosted its position in Coca-Cola FEMSA by 90.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company's stock worth $70,672,000 after purchasing an additional 378,325 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Coca-Cola FEMSA by 17.4% during the fourth quarter. Sanctuary Advisors LLC now owns 19,587 shares of the company's stock worth $1,562,000 after buying an additional 2,902 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted 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 buying an additional 4,214 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in shares of 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 worth $95,496,000 after acquiring an additional 157,530 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of Coca-Cola FEMSA by 43.3% during the 3rd quarter. HighTower Advisors LLC now owns 4,844 shares of the company's stock worth $428,000 after acquiring an additional 1,464 shares in the last quarter.

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Coca-Cola FEMSA Trading Up 1.3 %

NYSE KOF traded up $1.22 on Friday, reaching $92.43. The stock had a trading volume of 222,630 shares, compared to its average volume of 172,686. 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 stock has a fifty day moving average price of $84.16 and a two-hundred day moving average price of $83.12. 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 firm has a market capitalization of $155.34 billion, a price-to-earnings ratio of 15.69, a P/E/G 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 for the quarter, beating 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 analysts' expectations of $3.49 billion. As a group, sell-side analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Coca-Cola FEMSA from a "buy" rating to a "strong-buy" rating in a research report on Tuesday. Barclays upped their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola FEMSA has a consensus 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.