Bank of New York Mellon Corp reduced its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 6.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 128,312 shares of the company’s stock after selling 8,704 shares during the period. Bank of New York Mellon Corp owned about 0.06% of Coca Cola Femsa S.A.B. de C.V. worth $10,864,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of KOF. BNP Paribas Arbitrage SA increased its holdings in Coca Cola Femsa S.A.B. de C.V. by 153.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,520 shares of the company’s stock worth $109,000 after purchasing an additional 920 shares in the last quarter. Comerica Bank bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. in the first quarter valued at approximately $208,000. Neuberger Berman Group LLC bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. in the first quarter valued at approximately $215,000. World Asset Management Inc bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. in the first quarter valued at approximately $222,000. Finally, State of New Jersey Common Pension Fund D bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. in the second quarter valued at approximately $229,000. 6.67% of the stock is owned by hedge funds and other institutional investors.

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Coca Cola Femsa S.A.B. de C.V. (NYSE KOF) opened at 77.17 on Tuesday. The stock has a 50 day moving average price of $82.52 and a 200 day moving average price of $79.42. The company has a market capitalization of $16.21 billion, a price-to-earnings ratio of 20.21 and a beta of 0.95. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $59.44 and a 12-month high of $91.85.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) last announced its quarterly earnings results on Monday, July 24th. The company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.05). The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.71 billion. Coca Cola Femsa S.A.B. de C.V. had a net margin of 7.09% and a return on equity of 10.72%. On average, analysts expect that Coca Cola Femsa S.A.B. de C.V. will post $3.81 EPS for the current year.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Coca Cola Femsa S.A.B. de C.V. from a “hold” rating to a “strong-buy” rating and set a $101.00 target price for the company in a report on Friday, July 14th. BidaskClub raised Coca Cola Femsa S.A.B. de C.V. from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Citigroup Inc. lowered Coca Cola Femsa S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a report on Tuesday, June 13th. Finally, Scotiabank raised Coca Cola Femsa S.A.B. de C.V. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $85.50.

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

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.

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

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