Natixis Advisors LLC Purchases 4,697 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Natixis Advisors LLC grew its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 241,845 shares of the company’s stock after acquiring an additional 4,697 shares during the quarter. Natixis Advisors LLC’s holdings in Coca-Cola FEMSA were worth $18,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in KOF. JPMorgan Chase & Co. increased its stake in Coca-Cola FEMSA by 90.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after acquiring an additional 378,325 shares during the last quarter. Itau Unibanco Holding S.A. increased its stake in Coca-Cola FEMSA by 59.8% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock worth $68,297,000 after acquiring an additional 304,197 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Coca-Cola FEMSA by 14.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock worth $95,496,000 after acquiring an additional 157,530 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Coca-Cola FEMSA by 73.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock worth $23,160,000 after purchasing an additional 110,926 shares during the period. Finally, Mirabella Financial Services LLP purchased a new position in shares of Coca-Cola FEMSA in the 3rd quarter worth approximately $3,912,000.

Coca-Cola FEMSA Price Performance

KOF opened at $89.46 on Wednesday. The business has a fifty day moving average of $81.91 and a 200 day moving average of $82.84. 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 company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The stock has a market cap of $150.36 billion, a P/E ratio of 15.19, a PEG ratio of 0.62 and a beta of 0.79.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. As a group, sell-side analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current year.

Analyst Upgrades and Downgrades

KOF has been the subject of a number of recent research reports. Barclays lifted their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. StockNews.com cut Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 13th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price 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.