Whipplewood Advisors LLC Makes New Investment in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Whipplewood Advisors LLC bought a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 901 shares of the company’s stock, valued at approximately $70,000.

Other hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in Coca-Cola FEMSA during the third quarter worth $31,000. Hartford Financial Management Inc. increased its position in Coca-Cola FEMSA by 42.2% during the third quarter. Hartford Financial Management Inc. now owns 472 shares of the company’s stock worth $42,000 after buying an additional 140 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Coca-Cola FEMSA during the third quarter worth $71,000. Y Intercept Hong Kong Ltd acquired a new position in Coca-Cola FEMSA during the fourth quarter worth $213,000. Finally, Journey Strategic Wealth LLC acquired a new position in Coca-Cola FEMSA during the fourth quarter worth $215,000.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $104.75.

Coca-Cola FEMSA Trading Up 0.6 %

Shares of NYSE:KOF opened at $89.41 on Friday. The company has a market cap of $150.27 billion, a P/E ratio of 15.18, a P/E/G ratio of 0.62 and a beta of 0.83. The stock’s 50-day moving average is $79.61 and its 200-day moving average is $82.97. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $102.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14.

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

About Coca-Cola FEMSA

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.