Raymond James Financial Inc. Purchases Shares of 32,990 Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Raymond James Financial Inc. acquired a new position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 32,990 shares of the company’s stock, valued at approximately $2,570,000.

Several other institutional investors also recently modified their holdings of KOF. Robeco Institutional Asset Management B.V. increased its holdings in Coca-Cola FEMSA by 14.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock valued at $95,496,000 after buying an additional 157,530 shares during the period. Itau Unibanco Holding S.A. increased its stake in Coca-Cola FEMSA by 59.8% in the third quarter. Itau Unibanco Holding S.A. now owns 813,164 shares of the company’s stock valued at $68,297,000 after acquiring an additional 304,197 shares during the period. JPMorgan Chase & Co. increased its stake in Coca-Cola FEMSA by 90.5% in the third quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock valued at $70,672,000 after acquiring an additional 378,325 shares during the period. Wexford Capital LP raised its position in Coca-Cola FEMSA by 13.8% in the third quarter. Wexford Capital LP now owns 122,930 shares of the company’s stock worth $10,906,000 after purchasing an additional 14,938 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Coca-Cola FEMSA by 150.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 44,600 shares of the company’s stock worth $3,957,000 after purchasing an additional 26,800 shares during the period.

Coca-Cola FEMSA Price Performance

Shares of NYSE KOF opened at $92.43 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $102.28. The stock has a market capitalization of $155.34 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 0.62 and a beta of 0.79. 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 has a 50-day moving average of $84.16 and a 200-day moving average of $83.12.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly 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 business had revenue of $3.76 billion during the quarter, compared to the consensus estimate 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 predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, March 25th. Barclays boosted their target price 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. Six equities research 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, the company presently has an average rating of “Buy” and an average price target of $104.00.

Coca-Cola FEMSA Company Profile

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.