Bright Futures Wealth Management LLC. Purchases New Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Bright Futures Wealth Management LLC. purchased a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,501 shares of the company’s stock, valued at approximately $706,000.

Several other large investors have also recently added to or reduced their stakes in KOF. Huntington National Bank bought a new position in shares of Coca Cola Femsa in the third quarter valued at approximately $37,000. R Squared Ltd acquired a new stake in Coca Cola Femsa during the 3rd quarter valued at $464,000. EverSource Wealth Advisors LLC raised its position in Coca Cola Femsa by 14.6% in the 3rd 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 during the last quarter. Citigroup Inc. boosted its stake in Coca Cola Femsa by 4.8% in the third quarter. Citigroup Inc. now owns 25,499 shares of the company’s stock worth $2,119,000 after purchasing an additional 1,166 shares in the last quarter. Finally, Convergence Financial LLC boosted its stake in Coca Cola Femsa by 43.0% in the third quarter. Convergence Financial LLC now owns 3,163 shares of the company’s stock worth $263,000 after purchasing an additional 951 shares in the last quarter.

Coca Cola Femsa Trading Up 0.6%

Shares of NYSE KOF opened at $111.07 on Monday. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $80.22 and a 1 year high of $116.36. The firm’s 50-day moving average is $103.71 and its 200-day moving average is $92.46. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 0.47.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Barclays raised their target price on Coca Cola Femsa from $98.00 to $110.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group boosted their target price on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Bradesco Corretora raised shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 price target for the company in a report on Wednesday, February 11th. Finally, Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $111.20.

About Coca Cola Femsa

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.