Victory Capital Management Inc. purchased a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 52,916 shares of the company’s stock, valued at approximately $4,480,000. Victory Capital Management Inc. owned about 0.10% of Coca Cola Femsa S.A.B. de C.V. as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Macquarie Group Ltd. increased its holdings in shares of Coca Cola Femsa S.A.B. de C.V. by 120.0% during the 1st quarter. Macquarie Group Ltd. now owns 1,994,126 shares of the company’s stock worth $142,984,000 after acquiring an additional 1,087,672 shares during the last quarter. Credit Agricole S A acquired a new position in shares of Coca Cola Femsa S.A.B. de C.V. during the 1st quarter worth approximately $66,323,000. Renaissance Technologies LLC increased its holdings in shares of Coca Cola Femsa S.A.B. de C.V. by 0.4% during the 1st quarter. Renaissance Technologies LLC now owns 921,100 shares of the company’s stock worth $66,043,000 after acquiring an additional 3,300 shares during the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Coca Cola Femsa S.A.B. de C.V. by 1.8% during the 1st quarter. Burgundy Asset Management Ltd. now owns 390,939 shares of the company’s stock worth $28,030,000 after acquiring an additional 6,892 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Coca Cola Femsa S.A.B. de C.V. by 218.1% during the 1st quarter. Russell Investments Group Ltd. now owns 175,769 shares of the company’s stock worth $12,600,000 after acquiring an additional 120,518 shares during the last quarter. 6.68% of the stock is currently owned by hedge funds and other institutional investors.

Coca Cola Femsa S.A.B. de C.V. (KOF) opened at 81.31 on Friday. The company’s 50 day moving average price is $84.18 and its 200-day moving average price is $78.48. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $59.44 and a 12-month high of $91.85. The firm has a market capitalization of $17.08 billion, a price-to-earnings ratio of 21.49 and a beta of 0.95.

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) last issued its quarterly earnings results on Monday, July 24th. The company reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.63 by $0.05. The business had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.71 billion. Coca Cola Femsa S.A.B. de C.V. had a return on equity of 10.72% and a net margin of 7.09%. On average, equities analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post $3.83 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: “52,916 Shares in Coca Cola Femsa S.A.B. de C.V. (KOF) Acquired by Victory Capital Management Inc.” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/09/08/52916-shares-in-coca-cola-femsa-s-a-b-de-c-v-kof-acquired-by-victory-capital-management-inc.html.

KOF has been the topic of a number of recent analyst reports. J P Morgan Chase & Co raised Coca Cola Femsa S.A.B. de C.V. from a “neutral” rating to an “overweight” rating in a report on Friday, May 12th. Scotiabank raised Coca Cola Femsa S.A.B. de C.V. from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 5th. Zacks Investment Research lowered Coca Cola Femsa S.A.B. de C.V. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. Citigroup Inc. lowered Coca Cola Femsa S.A.B. de C.V. from a “buy” rating to a “neutral” rating in a report on Tuesday, June 13th. Finally, BidaskClub lowered Coca Cola Femsa S.A.B. de C.V. from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $85.67.

Coca Cola Femsa S.A.B. de C.V. Company Profile

Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.

Institutional Ownership by Quarter for Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

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