Boyd Watterson Asset Management LLC OH Reduces Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (KOF)

Boyd Watterson Asset Management LLC OH lessened its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 28.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,535 shares of the company’s stock after selling 1,426 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Coca-Cola FEMSA were worth $246,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in KOF. Principal Financial Group Inc. acquired a new position in Coca-Cola FEMSA in the 2nd quarter valued at approximately $18,016,000. Macquarie Group Ltd. increased its stake in shares of Coca-Cola FEMSA by 8.0% during the 2nd quarter. Macquarie Group Ltd. now owns 2,153,610 shares of the company’s stock worth $182,354,000 after purchasing an additional 159,484 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Coca-Cola FEMSA by 105.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 167,027 shares of the company’s stock worth $12,881,000 after purchasing an additional 85,893 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of Coca-Cola FEMSA during the 2nd quarter worth $3,533,000. Finally, Edmond DE Rothschild Holding S.A. acquired a new position in shares of Coca-Cola FEMSA during the 2nd quarter worth $3,031,000. Hedge funds and other institutional investors own 6.72% of the company’s stock.

Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) opened at $70.84 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $59.44 and a 12 month high of $91.85. The company has a quick ratio of 1.01, a current ratio of 1.28 and a debt-to-equity ratio of 0.56. The stock has a market cap of $5,080.00, a price-to-earnings ratio of 20.84, a P/E/G ratio of 1.05 and a beta of 0.94.

Several research analysts have recently commented on the stock. Citigroup upgraded shares of Coca-Cola FEMSA from a “sell” rating to a “neutral” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Coca-Cola FEMSA from a “hold” rating to a “buy” rating and set a $90.00 price target on the stock in a research note on Thursday, September 14th. UBS Group upgraded shares of Coca-Cola FEMSA from an “underperform” rating to a “market perform” rating in a research note on Thursday, November 9th. Morgan Stanley upgraded shares of Coca-Cola FEMSA from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Credit Suisse Group lowered shares of Coca-Cola FEMSA from an “outperform” rating to a “neutral” rating and set a $128.00 price target on the stock. in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $99.67.

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About Coca-Cola FEMSA

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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Institutional Ownership by Quarter for Coca-Cola FEMSA (NYSE:KOF)

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