Aperio Group LLC trimmed its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 7.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 58,121 shares of the company’s stock after selling 4,742 shares during the period. Aperio Group LLC’s holdings in Coca-Cola FEMSA were worth $3,280,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. BlackRock Inc. grew its stake in Coca-Cola FEMSA by 12.0% in the 4th quarter. BlackRock Inc. now owns 12,659 shares of the company’s stock valued at $882,000 after buying an additional 1,354 shares in the last quarter. Geode Capital Management LLC purchased a new position in Coca-Cola FEMSA in the 4th quarter valued at approximately $407,000. Wells Fargo & Company MN grew its position in shares of Coca-Cola FEMSA by 280.5% during the 1st quarter. Wells Fargo & Company MN now owns 14,122 shares of the company’s stock valued at $938,000 after purchasing an additional 10,411 shares in the last quarter. Manning & Napier Group LLC grew its position in shares of Coca-Cola FEMSA by 4.9% during the 1st quarter. Manning & Napier Group LLC now owns 26,779 shares of the company’s stock valued at $1,778,000 after purchasing an additional 1,243 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Coca-Cola FEMSA during the 1st quarter valued at $314,000. 6.48% of the stock is currently owned by institutional investors.
A number of research analysts have recently commented on KOF shares. UBS Group upgraded shares of Coca-Cola FEMSA from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 20th. Zacks Investment Research upgraded shares of Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a research report on Friday, June 15th. ValuEngine lowered shares of Coca-Cola FEMSA from a “hold” rating to a “sell” rating in a research report on Tuesday, May 22nd. JPMorgan Chase & Co. lowered shares of Coca-Cola FEMSA from an “overweight” rating to a “neutral” rating in a research report on Monday, June 18th. Finally, Barclays set a $72.00 price target on shares of Coca-Cola FEMSA and gave the company a “buy” rating in a research report on Saturday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Coca-Cola FEMSA has an average rating of “Hold” and a consensus target price of $95.67.
Shares of NYSE:KOF opened at $62.53 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $54.53 and a 52-week high of $86.51. The firm has a market capitalization of $12.60 billion, a P/E ratio of 19.18 and a beta of 1.10. The company has a quick ratio of 0.92, a current ratio of 1.15 and a debt-to-equity ratio of 0.61.
Coca-Cola FEMSA Company Profile
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 still beverages, such as juice drinks, coffee, teas, milk, value-added dairy, sports drinks, energy drinks, and plant-based drinks.
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