PNC Financial Services Group Inc. Cuts Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

PNC Financial Services Group Inc. lessened its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 18.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,349 shares of the company’s stock after selling 1,232 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Coca-Cola FEMSA were worth $417,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its stake in Coca-Cola FEMSA by 25.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 53,752 shares of the company’s stock valued at $4,769,000 after buying an additional 11,036 shares in the last quarter. Prospera Financial Services Inc purchased a new position in shares of Coca-Cola FEMSA in the third quarter valued at $714,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of Coca-Cola FEMSA during the 3rd quarter valued at $1,351,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Coca-Cola FEMSA by 73.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,049 shares of the company’s stock worth $23,160,000 after purchasing an additional 110,926 shares in the last quarter. Finally, Mirabella Financial Services LLP purchased a new stake in Coca-Cola FEMSA during the 3rd quarter worth about $3,912,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on KOF shares. StockNews.com cut shares of Coca-Cola FEMSA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 13th. Barclays increased their price objective on Coca-Cola FEMSA from $99.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $104.00.

Coca-Cola FEMSA Trading Up 1.7 %

Shares of NYSE:KOF opened at $90.63 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $102.28. The stock’s fifty day moving average price is $82.47 and its 200-day moving average price is $82.94. The company has a market cap of $152.31 billion, a P/E ratio of 15.39, a PEG ratio of 0.62 and a beta of 0.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.14 and a quick ratio of 0.94.

Coca-Cola FEMSA (NYSE:KOF) last posted 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. Coca-Cola FEMSA had a return on equity of 15.99% and a net margin of 8.12%. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.49 billion. Sell-side analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.7 earnings per share for the current year.

About Coca-Cola FEMSA

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.