QRG Capital Management Inc. Sells 1,775 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

QRG Capital Management Inc. lessened its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 27.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,588 shares of the company’s stock after selling 1,775 shares during the period. QRG Capital Management Inc.’s holdings in Coca-Cola FEMSA were worth $357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in KOF. Allspring Global Investments Holdings LLC acquired a new stake in Coca-Cola FEMSA during the 3rd quarter worth approximately $31,000. Whipplewood Advisors LLC bought a new stake in Coca-Cola FEMSA in the 4th quarter valued at $70,000. Wilmington Savings Fund Society FSB bought a new stake in Coca-Cola FEMSA in the 3rd quarter valued at $71,000. Y Intercept Hong Kong Ltd bought a new stake in Coca-Cola FEMSA in the 4th quarter valued at $213,000. Finally, Journey Strategic Wealth LLC bought a new stake in Coca-Cola FEMSA in the 4th quarter valued at $215,000.

Analysts Set New Price Targets

KOF has been the subject of several recent research reports. Barclays boosted their price target on Coca-Cola FEMSA from $99.00 to $105.00 and gave the company an “overweight” rating in a research note on Tuesday. StockNews.com downgraded Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $104.00.

Coca-Cola FEMSA Stock Performance

NYSE:KOF opened at $87.26 on Thursday. The stock has a fifty day moving average price of $79.94 and a 200-day moving average price of $82.84. The company has a market cap of $146.65 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.62 and a beta of 0.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.94 and a current ratio of 1.14. Coca-Cola FEMSA, S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $102.28.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Friday, February 21st. The company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.22. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.49 billion. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. As a group, equities analysts anticipate 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.