Ritholtz Wealth Management Increases Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Ritholtz Wealth Management grew its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,871 shares of the company’s stock after buying an additional 968 shares during the quarter. Ritholtz Wealth Management’s holdings in Coca-Cola FEMSA were worth $3,016,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of KOF. Pacer Advisors Inc. grew its stake in shares of Coca-Cola FEMSA by 102.5% during the 4th quarter. Pacer Advisors Inc. now owns 9,223 shares of the company’s stock worth $873,000 after purchasing an additional 4,669 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Coca-Cola FEMSA by 11.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,175 shares of the company’s stock worth $490,000 after purchasing an additional 543 shares during the period. Cornerstone Wealth Management LLC acquired a new position in shares of Coca-Cola FEMSA during the 4th quarter worth $306,000. Dfpg Investments LLC grew its stake in shares of Coca-Cola FEMSA by 11.2% during the 4th quarter. Dfpg Investments LLC now owns 6,709 shares of the company’s stock worth $616,000 after purchasing an additional 678 shares during the period. Finally, VisionPoint Advisory Group LLC grew its stake in shares of Coca-Cola FEMSA by 16.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 8,357 shares of the company’s stock worth $656,000 after purchasing an additional 1,180 shares during the period.

Analyst Ratings Changes

A number of research firms have recently weighed in on KOF. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. UBS Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price objective for the company from $83.00 to $109.00 in a research note on Friday, January 12th. JPMorgan Chase & Co. raised shares of Coca-Cola FEMSA from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $89.00 to $102.00 in a research note on Friday, February 2nd. Citigroup initiated coverage on shares of Coca-Cola FEMSA in a research note on Thursday, December 7th. They issued a “neutral” rating and a $90.00 price objective on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Coca-Cola FEMSA in a research note on Monday, December 4th. They issued a “buy” rating and a $100.57 price objective on the stock. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.61.

Coca-Cola FEMSA Stock Up 0.5 %

Shares of Coca-Cola FEMSA stock traded up $0.48 during mid-day trading on Thursday, hitting $97.21. 105,458 shares of the stock were exchanged, compared to its average volume of 167,575. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $69.33 and a twelve month high of $104.38. The company has a 50-day simple moving average of $96.79 and a 200 day simple moving average of $88.45. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.24 and a quick ratio of 1.02.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings results on Friday, February 23rd. The company reported $1.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.76 by ($0.30). Coca-Cola FEMSA had a return on equity of 15.49% and a net margin of 7.94%. The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.79 billion. During the same period in the prior year, the business earned $1.73 earnings per share. Research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.56 earnings per share for the current year.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.