R Squared Ltd Invests $464,000 in Coca Cola Femsa S.A.B. de C.V. $KOF

R Squared Ltd bought a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,581 shares of the company’s stock, valued at approximately $464,000.

A number of other hedge funds have also recently modified their holdings of KOF. EverSource Wealth Advisors LLC lifted its position in Coca Cola Femsa by 14.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock valued at $88,000 after acquiring an additional 135 shares during the last quarter. Citigroup Inc. increased its position in shares of Coca Cola Femsa by 4.8% during the third quarter. Citigroup Inc. now owns 25,499 shares of the company’s stock worth $2,119,000 after purchasing an additional 1,166 shares in the last quarter. Convergence Financial LLC increased its position in shares of Coca Cola Femsa by 43.0% during the third quarter. Convergence Financial LLC now owns 3,163 shares of the company’s stock worth $263,000 after purchasing an additional 951 shares in the last quarter. CenterBook Partners LP lifted its holdings in shares of Coca Cola Femsa by 202.7% in the 3rd quarter. CenterBook Partners LP now owns 38,729 shares of the company’s stock valued at $3,218,000 after purchasing an additional 25,936 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Coca Cola Femsa by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after purchasing an additional 14,687 shares during the period.

Analyst Ratings Changes

Several research analysts have commented on KOF shares. UBS Group lifted their price target on Coca Cola Femsa from $109.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. The Goldman Sachs Group increased their price target on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. JPMorgan Chase & Co. downgraded shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Wednesday, January 28th. Finally, Barclays upped their target price on shares of Coca Cola Femsa from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Tuesday, February 10th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $111.20.

Coca Cola Femsa Price Performance

Shares of KOF opened at $111.07 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.12 and a quick ratio of 0.90. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $80.22 and a 1 year high of $116.36. The company’s fifty day moving average is $103.71 and its two-hundred day moving average is $92.36.

Coca Cola Femsa (NYSE:KOF) last issued its earnings results on Tuesday, February 24th. The company reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.04). Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.42 billion. On average, analysts forecast 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 Company Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.