Renaissance Group LLC Buys 3,236 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Renaissance Group LLC increased its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 12.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,146 shares of the company’s stock after buying an additional 3,236 shares during the period. Renaissance Group LLC’s holdings in Coca-Cola FEMSA were worth $2,348,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KOF. JPMorgan Chase & Co. increased its stake in shares of Coca-Cola FEMSA by 90.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 796,574 shares of the company’s stock worth $70,672,000 after purchasing an additional 378,325 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Coca-Cola FEMSA by 14.7% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,226,032 shares of the company’s stock valued at $95,496,000 after buying an additional 157,530 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Coca-Cola FEMSA during the 4th quarter worth $2,570,000. Arrowstreet Capital Limited Partnership increased its holdings in Coca-Cola FEMSA by 46.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company’s stock worth $8,011,000 after acquiring an additional 32,674 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in Coca-Cola FEMSA by 54,847.8% in the 3rd quarter. National Bank of Canada FI now owns 25,276 shares of the company’s stock valued at $2,242,000 after acquiring an additional 25,230 shares during the period.

Analyst Ratings Changes

KOF has been the topic of a number of recent research reports. Barclays upped their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. StockNews.com lowered Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 2nd. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Coca-Cola FEMSA has an average rating of “Buy” and a consensus price target of $104.00.

Coca-Cola FEMSA Stock Performance

NYSE KOF opened at $89.49 on Wednesday. The company’s 50 day simple moving average is $86.67 and its two-hundred day simple moving average is $83.32. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $102.28. The stock has a market capitalization of $150.39 billion, a PE ratio of 15.19, a P/E/G ratio of 0.62 and a beta of 0.58.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Friday, February 21st. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.22. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. Analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share 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 in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.