Thrivent Financial for Lutherans Lowers Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Thrivent Financial for Lutherans reduced its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 51,342 shares of the company’s stock after selling 2,410 shares during the period. Thrivent Financial for Lutherans’ holdings in Coca-Cola FEMSA were worth $3,999,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in KOF. SBI Securities Co. Ltd. purchased a new stake in shares of Coca-Cola FEMSA during the fourth quarter worth $29,000. Steward Partners Investment Advisory LLC grew its stake in Coca-Cola FEMSA by 1,388.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Coca-Cola FEMSA during the 4th quarter worth about $70,000. Wilmington Savings Fund Society FSB acquired a new stake in Coca-Cola FEMSA in the 3rd quarter valued at about $71,000. Finally, Jones Financial Companies Lllp boosted its stake in shares of Coca-Cola FEMSA by 111.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,585 shares of the company’s stock valued at $123,000 after buying an additional 835 shares during the period.

Wall Street Analyst Weigh In

KOF has been the topic of a number of recent research reports. Barclays upped their target price on shares of Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $104.00.

Coca-Cola FEMSA Stock Up 2.0 %

Shares of NYSE:KOF opened at $89.76 on Wednesday. The firm has a 50 day simple moving average of $83.24 and a 200-day simple moving average of $82.96. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $102.28. The company has a current ratio of 1.14, a quick ratio of 0.94 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $150.86 billion, a PE ratio of 15.24, a P/E/G ratio of 0.62 and a beta of 0.79.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a net margin of 8.12% and a return on equity of 15.99%. On average, equities analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca-Cola FEMSA Company Profile

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.