R Squared Ltd Acquires New Stake in Coca Cola Femsa S.A.B. de C.V. $KOF

R Squared Ltd bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,581 shares of the company’s stock, valued at approximately $464,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC increased its stake in Coca Cola Femsa by 19.7% during the second quarter. CWM LLC now owns 722 shares of the company’s stock worth $70,000 after purchasing an additional 119 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Coca Cola Femsa by 14.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock valued at $88,000 after purchasing an additional 135 shares in the last quarter. D Orazio & Associates Inc. grew its holdings in shares of Coca Cola Femsa by 5.3% in the second quarter. D Orazio & Associates Inc. now owns 2,747 shares of the company’s stock valued at $266,000 after purchasing an additional 138 shares in the last quarter. Ethic Inc. increased its stake in Coca Cola Femsa by 3.1% during the 3rd quarter. Ethic Inc. now owns 4,847 shares of the company’s stock worth $403,000 after buying an additional 148 shares during the period. Finally, Advisors Asset Management Inc. lifted its holdings in Coca Cola Femsa by 0.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 16,847 shares of the company’s stock worth $1,630,000 after buying an additional 152 shares in the last quarter.

Analyst Ratings Changes

KOF has been the subject of several research reports. UBS Group boosted their price target on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, January 9th. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. JPMorgan Chase & Co. lowered Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target on the stock. in a research report on Wednesday, January 28th. Finally, Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Coca Cola Femsa currently has an average rating of “Moderate Buy” and an average target price of $111.20.

Coca Cola Femsa Trading Up 0.6%

NYSE:KOF opened at $111.07 on Friday. Coca Cola Femsa S.A.B. de C.V. has a 12 month low of $80.22 and a 12 month high of $116.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.12 and a quick ratio of 0.90. The business’s fifty day moving average price is $103.71 and its 200 day moving average price is $92.36.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.04). Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%.The business had revenue of $4.30 billion for the quarter, compared to analysts’ expectations of $4.42 billion. Analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.