Raymond James Financial Inc. Acquires Shares of 32,990 Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Raymond James Financial Inc. purchased a new stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,990 shares of the company's stock, valued at approximately $2,570,000.

Several other large investors have also bought and sold shares of the company. Kathmere Capital Management LLC grew its position in Coca-Cola FEMSA by 3.0% during the fourth 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 period. Park Avenue Securities LLC boosted its stake in Coca-Cola FEMSA by 7.1% during the fourth quarter. Park Avenue Securities LLC now owns 3,493 shares of the company's stock valued at $272,000 after buying an additional 233 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Coca-Cola FEMSA in the fourth quarter worth $29,000. Steward Partners Investment Advisory LLC raised its position 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 valued at $31,000 after buying an additional 375 shares in the last quarter. Finally, Leo Wealth LLC raised its stake in shares of Coca-Cola FEMSA by 3.0% in the fourth quarter. Leo Wealth LLC now owns 13,630 shares of the company's stock valued at $1,062,000 after acquiring an additional 394 shares during the period.

Coca-Cola FEMSA Stock Performance

NYSE KOF traded up $1.41 during trading hours on Wednesday, hitting $95.12. The company had a trading volume of 144,228 shares, compared to its average volume of 172,303. The company has a market cap of $159.86 billion, a PE ratio of 16.15, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. 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 business has a 50 day moving average of $85.23 and a 200-day moving average of $83.28.

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Barclays boosted their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. StockNews.com lowered Coca-Cola FEMSA from a "strong-buy" rating to a "buy" rating in a report on Wednesday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target 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.