Coca Cola Femsa S.A.B. de C.V. $KOF Shares Acquired by Broyhill Asset Management LLC

Broyhill Asset Management LLC boosted its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 19.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,578 shares of the company’s stock after acquiring an additional 7,152 shares during the period. Coca Cola Femsa makes up approximately 3.2% of Broyhill Asset Management LLC’s holdings, making the stock its 7th largest holding. Broyhill Asset Management LLC’s holdings in Coca Cola Femsa were worth $3,621,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in KOF. Seafarer Capital Partners LLC boosted its stake in Coca Cola Femsa by 31.8% during the third quarter. Seafarer Capital Partners LLC now owns 29,000 shares of the company’s stock worth $2,410,000 after buying an additional 7,000 shares in the last quarter. Cullen Capital Management LLC increased its stake in Coca Cola Femsa by 2.4% in the second quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock valued at $51,369,000 after acquiring an additional 12,312 shares during the period. ABS Direct Equity Fund LLC raised its position in Coca Cola Femsa by 146.9% in the third quarter. ABS Direct Equity Fund LLC now owns 18,900 shares of the company’s stock worth $1,571,000 after purchasing an additional 11,246 shares in the last quarter. Federated Hermes Inc. raised its position in Coca Cola Femsa by 23.0% in the third quarter. Federated Hermes Inc. now owns 189,650 shares of the company’s stock worth $15,760,000 after purchasing an additional 35,477 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Coca Cola Femsa by 506.5% during the second quarter. Russell Investments Group Ltd. now owns 27,286 shares of the company’s stock valued at $2,639,000 after purchasing an additional 22,787 shares in the last quarter.

Coca Cola Femsa Trading Down 2.4%

Shares of KOF opened at $97.02 on Friday. 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 stock’s 50-day moving average price is $105.44 and its two-hundred day moving average price is $93.69. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.12.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Tuesday, February 24th. The company reported $1.95 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $4.30 billion during the quarter, compared to the consensus estimate 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.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KOF. JPMorgan Chase & Co. cut Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Wednesday, January 28th. Bank of America reiterated a “buy” rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. UBS Group lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Thursday. Barclays increased their target price on shares of Coca Cola Femsa from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and an average target price of $111.60.

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.