Bright Futures Wealth Management LLC. Buys Shares of 8,501 Coca Cola Femsa S.A.B. de C.V. $KOF

Bright Futures Wealth Management LLC. bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 8,501 shares of the company’s stock, valued at approximately $706,000.

Other hedge funds have also modified their holdings of the company. CWM LLC boosted its stake in Coca Cola Femsa by 19.7% during the 2nd quarter. CWM LLC now owns 722 shares of the company’s stock worth $70,000 after acquiring an additional 119 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Coca Cola Femsa by 14.6% during the third quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock worth $88,000 after purchasing an additional 135 shares in the last quarter. D Orazio & Associates Inc. grew its holdings in shares of Coca Cola Femsa by 5.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 2,747 shares of the company’s stock valued at $266,000 after buying an additional 138 shares during the period. Ethic Inc. grew its holdings in shares of Coca Cola Femsa by 3.1% in the 3rd quarter. Ethic Inc. now owns 4,847 shares of the company’s stock valued at $403,000 after buying an additional 148 shares during the period. Finally, Advisors Asset Management Inc. increased its position in shares of Coca Cola Femsa by 0.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 16,847 shares of the company’s stock valued at $1,630,000 after buying an additional 152 shares in the last quarter.

Coca Cola Femsa Trading Up 0.6%

NYSE KOF opened at $111.07 on Monday. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $80.22 and a 52 week high of $116.36. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.12. The stock’s 50 day moving average price is $103.71 and its two-hundred day moving average price is $92.46.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KOF shares. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Zacks Research upgraded Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. The Goldman Sachs Group increased their target price on Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Bradesco Corretora upgraded shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 target price on the stock in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. cut shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target for the company. in a report on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.20.

About Coca Cola Femsa

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.