Russell Investments Group Ltd. decreased its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 40.3% during the 2nd quarter, Holdings Channel reports. The firm owned 43,602 shares of the company’s stock after selling 29,475 shares during the period. Russell Investments Group Ltd.’s holdings in Coca-Cola FEMSA were worth $2,463,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of KOF. Millennium Management LLC grew its holdings in shares of Coca-Cola FEMSA by 60.1% in the first quarter. Millennium Management LLC now owns 293,030 shares of the company’s stock worth $19,466,000 after purchasing an additional 109,980 shares during the last quarter. BNP Paribas Arbitrage SA bought a new position in shares of Coca-Cola FEMSA in the second quarter worth approximately $1,187,000. Stifel Financial Corp bought a new position in shares of Coca-Cola FEMSA in the first quarter worth approximately $1,088,000. Rational Advisors LLC bought a new position in shares of Coca-Cola FEMSA in the second quarter worth approximately $657,000. Finally, Wells Fargo & Company MN grew its holdings in shares of Coca-Cola FEMSA by 280.5% in the first quarter. Wells Fargo & Company MN now owns 14,122 shares of the company’s stock worth $938,000 after purchasing an additional 10,411 shares during the last quarter. Hedge funds and other institutional investors own 6.75% of the company’s stock.

Several research analysts have recently issued reports on KOF shares. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola FEMSA from $66.00 to $73.00 and gave the stock a “hold” rating in a report on Friday, August 24th. ValuEngine upgraded shares of Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research upgraded shares of Coca-Cola FEMSA from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 31st. Barclays set a $72.00 target price on shares of Coca-Cola FEMSA and gave the stock a “buy” rating in a report on Saturday, July 28th. Finally, UBS Group upgraded shares of Coca-Cola FEMSA from a “market perform” rating to an “outperform” rating in a report on Wednesday, June 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Coca-Cola FEMSA has a consensus rating of “Hold” and an average target price of $91.00.

NYSE:KOF opened at $60.77 on Monday. The firm has a market capitalization of $12.77 billion, a P/E ratio of 18.64 and a beta of 0.99. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $54.53 and a twelve month high of $79.42. The company has a current ratio of 1.15, a quick ratio of 0.92 and a debt-to-equity ratio of 0.61.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings results on Friday, July 27th. The company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.69 billion during the quarter, compared to the consensus estimate of $2.59 billion. Coca-Cola FEMSA had a negative net margin of 7.51% and a positive return on equity of 9.33%. analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 3.11 earnings per share for the current fiscal year.

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

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