Pictet Asset Management Holding SA Has $6.68 Million Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Pictet Asset Management Holding SA lifted its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) by 14.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,739 shares of the company's stock after acquiring an additional 11,086 shares during the quarter. Pictet Asset Management Holding SA's holdings in Coca-Cola FEMSA were worth $6,678,000 as of its most recent filing with the Securities and Exchange Commission.

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

Coca-Cola FEMSA Stock Performance

Shares of KOF traded up $0.09 during trading hours on Tuesday, reaching $89.49. 305,191 shares of the company traded hands, compared to its average volume of 174,098. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. The stock's fifty day moving average is $86.67 and its 200 day moving average is $83.32. 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 cap of $150.39 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58.

Coca-Cola FEMSA (NYSE:KOF - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.22. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. Equities 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.

Wall Street Analyst Weigh In

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

Coca-Cola FEMSA Company 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.