Corient Private Wealth LLC Purchases 8,685 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Corient Private Wealth LLC raised its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 106.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,868 shares of the company’s stock after purchasing an additional 8,685 shares during the quarter. Corient Private Wealth LLC’s holdings in Coca-Cola FEMSA were worth $1,314,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Kathmere Capital Management LLC grew its holdings in shares of Coca-Cola FEMSA by 3.0% during the fourth quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock valued at $545,000 after buying an additional 206 shares during the last quarter. Avantax Advisory Services Inc. lifted its position in Coca-Cola FEMSA by 1.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company’s stock valued at $933,000 after acquiring an additional 212 shares in the last quarter. Park Avenue Securities LLC boosted its stake in Coca-Cola FEMSA by 7.1% during the 4th quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock valued at $272,000 after purchasing an additional 233 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Coca-Cola FEMSA during the 4th quarter worth approximately $29,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Coca-Cola FEMSA by 1,388.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares during the last quarter.

Coca-Cola FEMSA Stock Performance

Shares of KOF opened at $89.76 on Wednesday. The stock has a 50 day moving average of $83.24 and a 200 day moving average of $82.96. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $102.28. The company has a market capitalization of $150.86 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 0.62 and a beta of 0.79.

Coca-Cola FEMSA (NYSE:KOF) last announced 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. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. As a group, sell-side analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Barclays lifted their target price on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola FEMSA has an average rating of “Buy” and an average 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.