Trading Report: The Strs Ohio decides to keep it stake in Coca-Cola FEMSA SAB (KOF) to the level of $1,161,000

The Strs Ohio decides to keep it stake in Coca-Cola FEMSA SAB (KOF) to the level of $1,161,000

Strs Ohio continued to hold its stake in Coca-Cola FEMSA SAB (NYSE:KOF) during the second quarter, Holdings Channel reports. The institutional investor owned 14,000 shares of the company’s stock at the end of the second quarter. Strs Ohio’s holdings in Coca-Cola FEMSA SAB were worth $1,161,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Vontobel Asset Management Inc. increased its position in shares of Coca-Cola FEMSA SAB by 32.4% in the second quarter. Vontobel Asset Management Inc. now owns 468,698 shares of the company’s stock worth $38,885,000 after buying an additional 114,738 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Coca-Cola FEMSA SAB by 7.0% in the first quarter. Renaissance Technologies LLC now owns 760,100 shares of the company’s stock worth $63,126,000 after buying an additional 49,800 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Coca-Cola FEMSA SAB by 32.9% in the first quarter. Panagora Asset Management Inc. now owns 87,402 shares of the company’s stock worth $7,259,000 after buying an additional 21,637 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Coca-Cola FEMSA SAB by 547.0% in the first quarter. JPMorgan Chase & Co. now owns 16,312 shares of the company’s stock worth $1,355,000 after buying an additional 13,791 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Coca-Cola FEMSA SAB by 133.7% in the first quarter. Goldman Sachs Group Inc. now owns 16,133 shares of the company’s stock worth $1,340,000 after buying an additional 9,230 shares during the last quarter. Institutional investors own 5.61% of the company’s stock.

Shares of Coca-Cola FEMSA SAB (NYSE:KOF) traded down 0.01% during midday trading on Thursday, hitting $79.62. 79,127 shares of the stock were exchanged. The firm has a market capitalization of $16.50 billion, a price-to-earnings ratio of 32.54 and a beta of 0.80. Coca-Cola FEMSA SAB has a 1-year low of $61.17 and a 1-year high of $87.58. The stock’s 50-day moving average price is $75.71 and its 200-day moving average price is $79.59.

Coca-Cola FEMSA SAB (NYSE:KOF) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.76 by $0.71. Coca-Cola FEMSA SAB had a net margin of 6.15% and a return on equity of 8.77%. On average, analysts forecast that Coca-Cola FEMSA SAB will post $2.92 EPS for the current year.

Several equities analysts have commented on KOF shares. Citigroup Inc. downgraded shares of Coca-Cola FEMSA SAB from a “neutral” rating to a “sell” rating and decreased their price objective for the company from $76.50 to $73.00 in a report on Sunday, July 24th. Zacks Investment Research upgraded shares of Coca-Cola FEMSA SAB from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a report on Friday, July 29th. Credit Suisse Group AG upgraded shares of Coca-Cola FEMSA SAB from a “neutral” rating to an “outperform” rating in a report on Thursday, September 8th. Finally, Scotiabank reiterated a “sector perform” rating and issued a $139.00 price objective on shares of Coca-Cola FEMSA SAB in a report on Thursday, August 25th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $89.14.

About Coca-Cola FEMSA SAB

Coca-Cola FEMSA, SAB. de C.V. is a franchise bottler of Coca-Cola trademark beverages across the world. The Company and its subsidiaries are engaged in the production, distribution and marketing of certain Coca-Cola beverages. It is also engaged in acquiring, holding and transferring all types of bonds, shares and marketable securities.

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