Coca Cola Femsa S.A.B. de C.V. $KOF Shares Sold by Chase Investment Counsel Corp

Chase Investment Counsel Corp lessened its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 87.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,148 shares of the company’s stock after selling 28,213 shares during the quarter. Chase Investment Counsel Corp’s holdings in Coca Cola Femsa were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of KOF. Seafarer Capital Partners LLC boosted its stake in shares of Coca Cola Femsa by 31.8% in the third quarter. Seafarer Capital Partners LLC now owns 29,000 shares of the company’s stock valued at $2,410,000 after buying an additional 7,000 shares in the last quarter. Cullen Capital Management LLC lifted its holdings in Coca Cola Femsa by 2.4% in the second quarter. Cullen Capital Management LLC now owns 531,055 shares of the company’s stock valued at $51,369,000 after acquiring an additional 12,312 shares during the period. ABS Direct Equity Fund LLC boosted its position in shares of Coca Cola Femsa by 146.9% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 18,900 shares of the company’s stock worth $1,571,000 after purchasing an additional 11,246 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Coca Cola Femsa by 23.0% during the 3rd quarter. Federated Hermes Inc. now owns 189,650 shares of the company’s stock worth $15,760,000 after purchasing an additional 35,477 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Coca Cola Femsa by 506.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 27,286 shares of the company’s stock worth $2,639,000 after purchasing an additional 22,787 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently commented on KOF. Weiss Ratings reiterated a “buy (b-)” rating on shares of Coca Cola Femsa in a research note on Friday, December 26th. Barclays increased their target price on shares of Coca Cola Femsa from $98.00 to $110.00 and gave the company an “equal weight” rating in a report on Tuesday, February 10th. Wall Street Zen raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. JPMorgan Chase & Co. cut 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. Finally, Bradesco Corretora raised Coca Cola Femsa to an “outperform” rating and set a $124.00 price objective for the company in a research note on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and a consensus target price of $111.20.

Coca Cola Femsa Price Performance

NYSE KOF opened at $105.27 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $80.22 and a fifty-two week high of $116.36. The business has a fifty day moving average of $102.28 and a 200-day moving average of $91.74.

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.