Bank of New York Mellon Corp Lowers Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Bank of New York Mellon Corp lessened its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 6.3% in the fourth quarter, Holdings Channel reports. The firm owned 16,685 shares of the company’s stock after selling 1,121 shares during the period. Bank of New York Mellon Corp’s holdings in Coca-Cola FEMSA were worth $1,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in Coca-Cola FEMSA in the 3rd quarter valued at $71,000. Y Intercept Hong Kong Ltd bought a new position in shares of Coca-Cola FEMSA during the 4th quarter worth $213,000. Journey Strategic Wealth LLC bought a new position in shares of Coca-Cola FEMSA during the 4th quarter worth $215,000. R Squared Ltd bought a new position in shares of Coca-Cola FEMSA during the 4th quarter worth $216,000. Finally, TD Private Client Wealth LLC grew its stake in shares of Coca-Cola FEMSA by 46.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,102 shares of the company’s stock worth $275,000 after acquiring an additional 978 shares during the period.

Coca-Cola FEMSA Price Performance

Shares of Coca-Cola FEMSA stock opened at $88.52 on Monday. 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 business’s 50 day simple moving average is $82.75 and its two-hundred day simple moving average is $82.92. The stock has a market capitalization of $148.76 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 0.62 and a beta of 0.79. 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.

Coca-Cola FEMSA (NYSE:KOF) last posted its earnings results on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.49 billion. Analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current year.

Analysts Set New Price Targets

KOF has been the subject of several research reports. Barclays increased their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. StockNews.com downgraded Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $104.00.

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.