JPMorgan Chase & Co. boosted its position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 76.3% during the third quarter, Holdings Channel reports. The fund owned 61,230 shares of the company’s stock after buying an additional 26,500 shares during the period. JPMorgan Chase & Co.’s holdings in Coca Cola Femsa S.A.B. de C.V. were worth $4,593,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in KOF. Stevens Capital Management LP purchased a new stake in shares of Coca Cola Femsa S.A.B. de C.V. during the second quarter worth approximately $210,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Coca Cola Femsa S.A.B. de C.V. during the third quarter worth approximately $203,000. World Asset Management Inc raised its stake in shares of Coca Cola Femsa S.A.B. de C.V. by 8.1% in the third quarter. World Asset Management Inc now owns 3,326 shares of the company’s stock worth $249,000 after buying an additional 249 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Coca Cola Femsa S.A.B. de C.V. by 16.1% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,186 shares of the company’s stock worth $314,000 after buying an additional 582 shares during the last quarter. Finally, TD Asset Management Inc. raised its stake in shares of Coca Cola Femsa S.A.B. de C.V. by 0.7% in the second quarter. TD Asset Management Inc. now owns 4,311 shares of the company’s stock worth $366,000 after buying an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 5.61% of the company’s stock.

Institutional Ownership by Quarter for Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) traded up 0.13% during trading on Friday, hitting $60.66. The stock had a trading volume of 31,496 shares. Coca Cola Femsa S.A.B. de C.V. has a one year low of $59.54 and a one year high of $87.58. The stock has a 50 day moving average of $63.13 and a 200 day moving average of $73.23. The firm has a market capitalization of $12.57 billion, a P/E ratio of 27.03 and a beta of 0.82.

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A number of brokerages recently commented on KOF. Zacks Investment Research lowered Coca Cola Femsa S.A.B. de C.V. from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Barclays PLC reduced their target price on Coca Cola Femsa S.A.B. de C.V. to $14.00 in a report on Friday. Credit Suisse Group restated a “buy” rating on shares of Coca Cola Femsa S.A.B. de C.V. in a report on Thursday, October 27th. Finally, Citigroup Inc. restated a “neutral” rating on shares of Coca Cola Femsa S.A.B. de C.V. in a report on Saturday, October 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $79.33.

About Coca Cola Femsa S.A.B. de C.V.

Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.

5 Day Chart for NYSE:KOF

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