United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Purchases 4,841 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 18.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 31,584 shares of the company’s stock after buying an additional 4,841 shares during the quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Coca Cola Femsa were worth $2,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KOF. Ramirez Asset Management Inc. increased its position in shares of Coca Cola Femsa by 31.7% during the third quarter. Ramirez Asset Management Inc. now owns 137,957 shares of the company’s stock valued at $11,464,000 after acquiring an additional 33,234 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Coca Cola Femsa in the third quarter worth $12,584,000. Dimensional Fund Advisors LP grew its stake in Coca Cola Femsa by 10.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 154,903 shares of the company’s stock valued at $12,875,000 after purchasing an additional 14,447 shares during the period. Cresset Asset Management LLC increased its position in shares of Coca Cola Femsa by 6.6% during the 3rd quarter. Cresset Asset Management LLC now owns 3,025 shares of the company’s stock valued at $251,000 after purchasing an additional 188 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. purchased a new stake in shares of Coca Cola Femsa during the 3rd quarter valued at $706,000.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KOF. JPMorgan Chase & Co. downgraded shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target on the stock. in a report on Wednesday, January 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. The Goldman Sachs Group boosted their target price on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $111.60.

Coca Cola Femsa Stock Performance

Shares of NYSE KOF opened at $104.37 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.12 and a debt-to-equity ratio of 0.47. Coca Cola Femsa S.A.B. de C.V. has a one year low of $80.22 and a one year high of $116.36. The business’s fifty day moving average price is $104.84 and its 200-day moving average price is $93.21.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings data 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 return on equity of 15.97% and a net margin of 8.18%.The firm had revenue of $4.30 billion during the quarter, compared to analysts’ expectations of $4.42 billion. On average, research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa 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.