Sage Investment Counsel LLC Acquires New Shares in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Sage Investment Counsel LLC acquired a new stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,500 shares of the company's stock, valued at approximately $273,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in Coca-Cola FEMSA in the fourth quarter valued at about $70,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Coca-Cola FEMSA in the 4th quarter valued at approximately $213,000. VisionPoint Advisory Group LLC grew its stake in shares of Coca-Cola FEMSA by 5.7% in the 4th quarter. VisionPoint Advisory Group LLC now owns 28,718 shares of the company's stock valued at $2,233,000 after purchasing an additional 1,556 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Coca-Cola FEMSA by 17.4% in the 4th 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. Finally, Americana Partners LLC lifted its position in shares of Coca-Cola FEMSA by 23.6% during the 4th quarter. Americana Partners LLC now owns 5,131 shares of the company's stock worth $400,000 after buying an additional 981 shares during the period.

Wall Street Analyst Weigh In

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

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Coca-Cola FEMSA Price Performance

Shares of NYSE KOF traded down $0.47 during trading on Wednesday, reaching $87.26. The company had a trading volume of 166,570 shares, compared to its average volume of 202,371. 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 business's 50 day moving average price is $79.94 and its 200-day moving average price is $82.84. The stock has a market cap of $146.65 billion, a PE ratio of 14.81, a PEG ratio of 0.62 and a beta of 0.83. 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 (NYSE:KOF - Get Free Report) last posted 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 firm 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%. Analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

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.