Tweedy Browne Co LLC Reduces Stake in Coca Cola Femsa S.A.B. de C.V. $KOF

Tweedy Browne Co LLC decreased its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 0.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,206,328 shares of the company’s stock after selling 11,564 shares during the period. Coca Cola Femsa accounts for about 8.7% of Tweedy Browne Co LLC’s portfolio, making the stock its 4th largest holding. Tweedy Browne Co LLC’s holdings in Coca Cola Femsa were worth $100,246,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Boston Partners raised its holdings in Coca Cola Femsa by 4,404.3% in the 2nd quarter. Boston Partners now owns 1,681,955 shares of the company’s stock valued at $162,665,000 after acquiring an additional 1,644,614 shares during the period. Bank of America Corp DE lifted its position in Coca Cola Femsa by 87.4% during the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after acquiring an additional 274,894 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of Coca Cola Femsa during the third quarter worth approximately $12,584,000. Lakewood Capital Management LP bought a new stake in shares of Coca Cola Femsa during the third quarter worth approximately $10,953,000. Finally, Invesco Ltd. grew its position in shares of Coca Cola Femsa by 34.6% in the third quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock valued at $25,035,000 after purchasing an additional 77,475 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on KOF shares. Bank of America reiterated a “buy” rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. Barclays upped their price objective on Coca Cola Femsa from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Tuesday, March 3rd. Wall Street Zen raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Finally, 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 report on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Coca Cola Femsa has an average rating of “Moderate Buy” and a consensus target price of $111.60.

Coca Cola Femsa Stock Down 0.2%

Shares of KOF opened at $97.52 on Wednesday. Coca Cola Femsa S.A.B. de C.V. has a 12 month low of $80.22 and a 12 month high of $116.36. The firm’s 50 day moving average is $105.57 and its 200-day moving average is $93.96. The stock has a market capitalization of $163.90 billion, a PE ratio of 16.36, a P/E/G ratio of 1.05 and a beta of 0.49. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Tuesday, February 24th. The company reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.04). The business had revenue of $4.30 billion during the quarter, compared to analyst estimates of $4.42 billion. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. Equities research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current 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.