Boston Partners Decreases Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Boston Partners cut its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,408 shares of the company’s stock after selling 723 shares during the quarter. Boston Partners’ holdings in Coca-Cola FEMSA were worth $2,135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Corient Private Wealth LLC grew its stake in Coca-Cola FEMSA by 106.1% in the 4th quarter. Corient Private Wealth LLC now owns 16,868 shares of the company’s stock valued at $1,314,000 after buying an additional 8,685 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in Coca-Cola FEMSA by 16.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,129 shares of the company’s stock worth $322,000 after purchasing an additional 589 shares in the last quarter. Natixis Advisors LLC boosted its stake in Coca-Cola FEMSA by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 241,845 shares of the company’s stock worth $18,837,000 after purchasing an additional 4,697 shares during the period. First Eagle Investment Management LLC grew its holdings in Coca-Cola FEMSA by 2.9% during the 4th quarter. First Eagle Investment Management LLC now owns 322,963 shares of the company’s stock valued at $25,156,000 after buying an additional 9,037 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Coca-Cola FEMSA by 19.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 3,890 shares of the company’s stock valued at $303,000 after buying an additional 626 shares during the period.

Analyst Ratings Changes

Several equities analysts recently commented on KOF shares. Barclays boosted their price objective on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. StockNews.com cut shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 13th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $104.00.

Coca-Cola FEMSA Price Performance

Shares of NYSE:KOF opened at $88.52 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $72.68 and a one year high of $102.28. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. The firm has a market capitalization of $148.76 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 0.62 and a beta of 0.79. The company’s fifty day moving average price is $82.75 and its 200-day moving average price is $82.97.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, beating 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. On average, equities research analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

About Coca-Cola FEMSA

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.