Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Stock Holdings Lessened by Federated Hermes Inc.

Federated Hermes Inc. lessened its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 170,397 shares of the company’s stock after selling 3,392 shares during the period. Federated Hermes Inc.’s holdings in Coca-Cola FEMSA were worth $13,272,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of KOF. TD Private Client Wealth LLC grew its stake in shares of Coca-Cola FEMSA by 5.0% in the 4th quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company’s stock worth $254,000 after purchasing an additional 155 shares during the last quarter. Kathmere Capital Management LLC grew its stake in shares of Coca-Cola FEMSA by 3.0% in the 4th quarter. Kathmere Capital Management LLC now owns 7,003 shares of the company’s stock worth $545,000 after purchasing an additional 206 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of Coca-Cola FEMSA by 1.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company’s stock worth $933,000 after buying an additional 212 shares during the period. Park Avenue Securities LLC boosted its holdings in shares of Coca-Cola FEMSA by 7.1% in the fourth quarter. Park Avenue Securities LLC now owns 3,493 shares of the company’s stock worth $272,000 after buying an additional 233 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola FEMSA in the fourth quarter worth about $29,000.

Coca-Cola FEMSA Price Performance

NYSE KOF opened at $95.07 on Thursday. Coca-Cola FEMSA, S.A.B. de C.V. has a 12-month low of $72.68 and a 12-month high of $102.28. The company has a quick ratio of 0.94, a current ratio of 1.14 and a debt-to-equity ratio of 0.47. The company has a 50 day moving average price of $87.32 and a two-hundred day moving average price of $83.44. The stock has a market capitalization of $159.78 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 0.62 and a beta of 0.58.

Coca-Cola FEMSA (NYSE:KOF) last issued its earnings results on Friday, February 21st. The company reported $1.73 EPS for the quarter, beating the consensus estimate 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 net margin of 8.12% and a return on equity of 15.99%. As a group, equities analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on KOF. StockNews.com cut shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 2nd. Barclays raised their price target on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Seven research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $104.00.

Coca-Cola FEMSA Company 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.