Bank of New York Mellon Corp Cuts Stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Bank of New York Mellon Corp reduced its stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOFFree Report) by 6.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 18,002 shares of the company’s stock after selling 1,324 shares during the quarter. Bank of New York Mellon Corp’s holdings in Coca-Cola FEMSA were worth $1,412,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in KOF. First Capital Advisors Group LLC. purchased a new stake in Coca-Cola FEMSA during the 2nd quarter worth approximately $51,000. Wellington Shields Capital Management LLC purchased a new stake in Coca-Cola FEMSA during the 4th quarter worth approximately $102,000. Tower Research Capital LLC TRC increased its stake in Coca-Cola FEMSA by 16.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,820 shares of the company’s stock worth $106,000 after buying an additional 257 shares during the period. IFP Advisors Inc increased its stake in Coca-Cola FEMSA by 6.5% during the 2nd quarter. IFP Advisors Inc now owns 2,130 shares of the company’s stock worth $125,000 after buying an additional 130 shares during the period. Finally, Atlas Capital Advisors LLC increased its stake in Coca-Cola FEMSA by 462.0% during the 4th quarter. Atlas Capital Advisors LLC now owns 2,158 shares of the company’s stock worth $146,000 after buying an additional 1,774 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Citigroup assumed coverage on shares of Coca-Cola FEMSA in a research report on Thursday, December 7th. They issued a “neutral” rating and a $90.00 price objective on the stock. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. Jefferies Financial Group assumed coverage on shares of Coca-Cola FEMSA in a research report on Monday, December 4th. They issued a “buy” rating and a $100.57 price objective on the stock. JPMorgan Chase & Co. raised shares of Coca-Cola FEMSA from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $89.00 to $102.00 in a research report on Friday, February 2nd. Finally, UBS Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and increased their price objective for the company from $83.00 to $109.00 in a research report on Friday, January 12th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.61.

Get Our Latest Stock Analysis on KOF

Coca-Cola FEMSA Stock Down 0.4 %

NYSE KOF opened at $97.59 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The firm’s fifty day moving average price is $92.67 and its 200 day moving average price is $85.04. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $69.33 and a 12 month high of $102.94.

Coca-Cola FEMSA Profile

(Free Report)

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.

Recommended Stories

Want to see what other hedge funds are holding KOF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOFFree Report).

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

Receive News & Ratings for Coca-Cola FEMSA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola FEMSA and related companies with MarketBeat.com's FREE daily email newsletter.