JPMorgan Chase & Co. Decreases Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

JPMorgan Chase & Co. cut its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 687,354 shares of the company's stock after selling 109,220 shares during the quarter. JPMorgan Chase & Co.'s holdings in Coca-Cola FEMSA were worth $53,538,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of KOF. Robeco Institutional Asset Management B.V. increased its stake in shares of Coca-Cola FEMSA by 14.7% in the 4th 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 last quarter. Raymond James Financial Inc. acquired a new stake in shares of Coca-Cola FEMSA in the 4th quarter worth $2,570,000. National Bank of Canada FI increased its position in shares of Coca-Cola FEMSA by 54,847.8% during the 3rd quarter. National Bank of Canada FI now owns 25,276 shares of the company's stock worth $2,242,000 after purchasing an additional 25,230 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Coca-Cola FEMSA during the 3rd quarter worth about $2,096,000. Finally, WCM Investment Management LLC increased its position in shares of Coca-Cola FEMSA by 161.6% during the 4th quarter. WCM Investment Management LLC now owns 36,551 shares of the company's stock worth $2,842,000 after purchasing an additional 22,577 shares during the last quarter.

Coca-Cola FEMSA Trading Down 1.1 %

NYSE KOF traded down $1.04 during trading on Thursday, hitting $93.94. The stock had a trading volume of 28,771 shares, compared to its average volume of 195,410. The company has a market capitalization of $157.88 billion, a PE ratio of 15.95, a PEG ratio of 0.62 and a beta of 0.58. 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 firm has a 50 day moving average price of $87.32 and a 200 day moving average price of $83.44. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $102.28.

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

Analyst Upgrades and Downgrades

KOF has been the subject of a number of recent analyst reports. StockNews.com downgraded Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, April 2nd. Barclays raised their price objective on 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 research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus 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.