Crossmark Global Holdings Inc. Purchases Shares of 151,434 Coca Cola Femsa S.A.B. de C.V. $KOF

Crossmark Global Holdings Inc. acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 151,434 shares of the company’s stock, valued at approximately $12,584,000.

Several other large investors have also made changes to their positions in KOF. Huntington National Bank acquired a new position in Coca Cola Femsa in the third quarter valued at $37,000. MAI Capital Management raised its holdings in shares of Coca Cola Femsa by 103.6% in the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock worth $38,000 after purchasing an additional 201 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Coca Cola Femsa by 46.8% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 678 shares of the company’s stock valued at $66,000 after purchasing an additional 216 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Coca Cola Femsa by 14.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock worth $88,000 after purchasing an additional 135 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Coca Cola Femsa by 35.3% during the 3rd quarter. Blue Trust Inc. now owns 1,344 shares of the company’s stock worth $112,000 after purchasing an additional 351 shares during the period.

Coca Cola Femsa Price Performance

Shares of KOF stock opened at $105.62 on Friday. The firm has a fifty day simple moving average of $104.69 and a 200-day simple moving average of $92.99. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $80.22 and a twelve month 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.

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Zacks Research raised shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. The Goldman Sachs Group lifted their target price on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Barclays upped their price target on shares of Coca Cola Femsa from $110.00 to $112.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $111.60.

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.