AMG National Trust Bank decreased its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,316 shares of the company’s stock after selling 1,063 shares during the period. AMG National Trust Bank’s holdings in Coca-Cola FEMSA were worth $1,232,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the business. Marshall Wace LLP acquired a new stake in shares of Coca-Cola FEMSA during the 1st quarter worth $26,000. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Coca-Cola FEMSA during the 2nd quarter worth $35,000. Tower Research Capital LLC TRC grew its holdings in shares of Coca-Cola FEMSA by 84.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 709 shares of the company’s stock worth $44,000 after purchasing an additional 324 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of Coca-Cola FEMSA during the 3rd quarter worth $223,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Coca-Cola FEMSA by 52.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,386 shares of the company’s stock worth $397,000 after purchasing an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 6.93% of the company’s stock.
Several analysts have recently issued reports on KOF shares. Zacks Investment Research raised Coca-Cola FEMSA from a “sell” rating to a “hold” rating in a report on Wednesday, October 30th. ValuEngine lowered Coca-Cola FEMSA from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Bank of America raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Coca-Cola FEMSA has an average rating of “Hold” and an average target price of $67.00.
NYSE:KOF traded up $0.32 during trading hours on Wednesday, hitting $57.28. The company’s stock had a trading volume of 90,274 shares, compared to its average volume of 89,333. The stock has a fifty day simple moving average of $57.76 and a 200-day simple moving average of $60.56. The company has a market capitalization of $12.14 billion, a P/E ratio of 21.14, a PEG ratio of 1.83 and a beta of 0.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.10 and a quick ratio of 0.93. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $54.14 and a twelve month high of $69.00.
Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Friday, October 25th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.08. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.51 billion. Coca-Cola FEMSA had a return on equity of 9.95% and a net margin of 8.14%. On average, equities analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 3.47 EPS for the current fiscal year.
Coca-Cola FEMSA 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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