Auto Owners Insurance Co Cuts Stock Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Auto Owners Insurance Co lowered its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 16.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,300 shares of the company’s stock after selling 49,700 shares during the period. Auto Owners Insurance Co’s holdings in Coca Cola Femsa were worth $20,800,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in KOF. Seafarer Capital Partners LLC raised its holdings in Coca Cola Femsa by 31.8% in the 3rd quarter. Seafarer Capital Partners LLC now owns 29,000 shares of the company’s stock valued at $2,410,000 after acquiring an additional 7,000 shares during the last quarter. Cullen Capital Management LLC lifted its stake in shares of Coca Cola Femsa by 2.4% in the 2nd quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock valued at $51,369,000 after purchasing an additional 12,312 shares during the last quarter. ABS Direct Equity Fund LLC boosted its stake in Coca Cola Femsa by 146.9% during the third quarter. ABS Direct Equity Fund LLC now owns 18,900 shares of the company’s stock worth $1,571,000 after buying an additional 11,246 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Coca Cola Femsa by 23.0% in the 3rd quarter. Federated Hermes Inc. now owns 189,650 shares of the company’s stock worth $15,760,000 after acquiring an additional 35,477 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Coca Cola Femsa by 119.4% during the second quarter. Quadrant Capital Group LLC now owns 9,270 shares of the company’s stock worth $897,000 after buying an additional 5,045 shares during the period.

Wall Street Analyst Weigh In

KOF has been the subject of several recent research reports. Bank of America reissued a “buy” rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. UBS Group cut Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Bradesco Corretora upgraded Coca Cola Femsa to an “outperform” rating and set a $124.00 price target on the stock in a research note on Wednesday, February 11th. Finally, Barclays raised their price objective 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. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.60.

Coca Cola Femsa Stock Performance

Shares of KOF stock opened at $97.52 on Wednesday. The company’s fifty day simple moving average is $105.57 and its 200-day simple moving average is $93.96. The company has a market cap of $163.90 billion, a PE ratio of 16.36, a P/E/G ratio of 1.05 and a beta of 0.49. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $80.22 and a 52 week high of $116.36. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Coca Cola Femsa (NYSE:KOF) last issued its earnings results 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). The company had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Coca Cola Femsa had a return on equity of 15.97% and a net margin of 8.18%. As a group, equities research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

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.