Envestnet Asset Management Inc. Buys 722,284 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Posted by on Sep 3rd, 2023

Envestnet Asset Management Inc. grew its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Free Report) by 345.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 931,441 shares of the company’s stock after purchasing an additional 722,284 shares during the period. Envestnet Asset Management Inc.’s holdings in Coca-Cola FEMSA were worth $17,913,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Belpointe Asset Management LLC bought a new stake in shares of Coca-Cola FEMSA in the 4th quarter valued at approximately $39,000. Compagnie Lombard Odier SCmA bought a new stake in shares of Coca-Cola FEMSA in the 1st quarter valued at approximately $52,000. IFP Advisors Inc grew its stake in shares of Coca-Cola FEMSA by 74.5% in the 4th quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $57,000 after purchasing an additional 316 shares during the period. Wellington Shields Capital Management LLC bought a new stake in shares of Coca-Cola FEMSA in the 4th quarter valued at approximately $102,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Coca-Cola FEMSA by 16.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,820 shares of the company’s stock valued at $106,000 after purchasing an additional 257 shares during the period.

Coca-Cola FEMSA Stock Down 0.1 %

NYSE:KOF opened at $84.69 on Friday. The stock’s fifty day moving average price is $83.87 and its two-hundred day moving average price is $82.57. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $55.84 and a 52-week high of $91.23. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.97 and a current ratio of 1.19. The company has a market cap of $142.34 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.18 and a beta of 0.77.

Coca-Cola FEMSA (NYSE:KOF – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.03). The firm had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.43 billion. Coca-Cola FEMSA had a return on equity of 16.11% and a net margin of 8.56%. On average, analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.51 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KOF. The Goldman Sachs Group boosted their target price on Coca-Cola FEMSA from $83.40 to $92.70 and gave the stock a “neutral” rating in a report on Thursday, August 3rd. HSBC raised Coca-Cola FEMSA from a “hold” rating to a “buy” rating and boosted their target price for the stock from $74.00 to $108.00 in a report on Wednesday, June 7th. Scotiabank downgraded Coca-Cola FEMSA from a “sector outperform” rating to a “sector perform” rating in a report on Thursday, June 29th. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Barclays boosted their target price on Coca-Cola FEMSA from $91.00 to $95.00 in a report on Tuesday, June 6th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Coca-Cola FEMSA currently has an average rating of “Moderate Buy” and a consensus target price of $103.78.

Get Our Latest Analysis on Coca-Cola FEMSA

Coca-Cola FEMSA Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola FEMSA (NYSE:KOF)

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