Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Tweedy Browne Co LLC

Tweedy Browne Co LLC reduced its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,329,940 shares of the company’s stock after selling 55,535 shares during the period. Coca-Cola FEMSA accounts for 7.0% of Tweedy Browne Co LLC’s holdings, making the stock its 7th biggest holding. Tweedy Browne Co LLC owned 0.08% of Coca-Cola FEMSA worth $103,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI grew its holdings in shares of Coca-Cola FEMSA by 16.0% during the fourth quarter. National Bank of Canada FI now owns 29,311 shares of the company’s stock valued at $2,283,000 after buying an additional 4,035 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Coca-Cola FEMSA by 46.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company’s stock worth $8,011,000 after purchasing an additional 32,674 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Coca-Cola FEMSA by 14.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 85,739 shares of the company’s stock worth $6,678,000 after purchasing an additional 11,086 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund lifted its holdings in shares of Coca-Cola FEMSA by 10.6% in the fourth quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 22,013 shares of the company’s stock valued at $1,715,000 after purchasing an additional 2,103 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Coca-Cola FEMSA by 3.1% during the fourth quarter. LPL Financial LLC now owns 13,580 shares of the company’s stock valued at $1,058,000 after buying an additional 413 shares during the last quarter.

Analyst Upgrades and Downgrades

KOF has been the topic of several recent analyst reports. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 25th. Barclays boosted their price target 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. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $104.00.

Coca-Cola FEMSA Price Performance

NYSE:KOF opened at $91.51 on Tuesday. 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 stock has a fifty day moving average of $84.47 and a 200 day moving average of $83.15. 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 firm has a market capitalization of $153.80 billion, a price-to-earnings ratio of 15.54, a P/E/G ratio of 0.62 and a beta of 0.79.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly 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 firm 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%. On average, research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

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.