Coca Cola Femsa S.A.B. de C.V. $KOF Shares Sold by Tweedy Browne Co LLC

Tweedy Browne Co LLC lowered its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,206,328 shares of the company’s stock after selling 11,564 shares during the period. Coca Cola Femsa comprises about 8.7% of Tweedy Browne Co LLC’s portfolio, making the stock its 4th largest holding. Tweedy Browne Co LLC owned 0.07% of Coca Cola Femsa worth $100,246,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KOF. Boston Partners boosted its stake in shares of Coca Cola Femsa by 4,404.3% during the 2nd quarter. Boston Partners now owns 1,681,955 shares of the company’s stock worth $162,665,000 after buying an additional 1,644,614 shares during the last quarter. Bank of America Corp DE increased its position in shares of Coca Cola Femsa by 87.4% in the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after acquiring an additional 274,894 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Coca Cola Femsa in the third quarter valued at about $12,584,000. Lakewood Capital Management LP bought a new stake in Coca Cola Femsa during the third quarter worth about $10,953,000. Finally, Invesco Ltd. raised its holdings in Coca Cola Femsa by 34.6% during the third quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock worth $25,035,000 after acquiring an additional 77,475 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. UBS Group downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Barclays upped their price objective on Coca Cola Femsa from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 3rd. Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 target price on the stock in a report on Wednesday, February 11th. Finally, The Goldman Sachs Group upped their price target on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.60.

Coca Cola Femsa Trading Down 0.2%

Coca Cola Femsa stock opened at $97.52 on Wednesday. The stock has a 50-day simple moving average of $105.57 and a 200 day simple moving average of $93.96. The stock has a market capitalization of $163.90 billion, a P/E ratio of 16.36, a PEG ratio of 1.05 and a beta of 0.49. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.12. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $80.22 and a 52 week high of $116.36.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Tuesday, February 24th. The company reported $1.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.99 by ($0.04). Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.42 billion. Analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca Cola Femsa Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.