Squarepoint Ops LLC Has $290,000 Stake in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Squarepoint Ops LLC cut its Coca-Cola FEMSA stake by 81.7% in the second quarter, selling 12,162 shares and retaining 2,730 shares valued at approximately $290,000.
• Analyst sentiment is mixed, with four Buy ratings and five Hold ratings; the stock has a consensus Hold rating and an average price target of $118.83.
• KOF shares were trading at $110.35, down 1.4%, while the company reported quarterly revenue of $4.36 billion and EPS of $1.69; analysts expect full-year EPS of $6.98.

Squarepoint Ops LLC lowered its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 81.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,730 shares of the company's stock after selling 12,162 shares during the period. Squarepoint Ops LLC's holdings in Coca Cola Femsa were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in Coca Cola Femsa by 8.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company's stock worth $134,000 after buying an additional 101 shares during the last quarter. Kathmere Capital Management LLC boosted its stake in Coca Cola Femsa by 1.5% in the first quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company's stock valued at $728,000 after acquiring an additional 112 shares during the last quarter. Vise Technologies Inc. grew its position in shares of Coca Cola Femsa by 0.6% during the 4th quarter. Vise Technologies Inc. now owns 23,877 shares of the company's stock valued at $2,261,000 after acquiring an additional 150 shares during the period. Sage Investment Counsel LLC increased its stake in shares of Coca Cola Femsa by 5.7% during the 1st quarter. Sage Investment Counsel LLC now owns 3,700 shares of the company's stock worth $361,000 after purchasing an additional 200 shares during the last quarter. Finally, Confluence Investment Management LLC increased its stake in shares of Coca Cola Femsa by 8.6% during the 2nd quarter. Confluence Investment Management LLC now owns 3,788 shares of the company's stock worth $402,000 after purchasing an additional 300 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on KOF shares. Barclays increased their target price on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 29th. Wall Street Zen lowered shares of Coca Cola Femsa from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 12th. HSBC restated a "hold" rating and set a $116.00 price target on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. UBS Group lifted their price objective on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Coca Cola Femsa in a research note on Wednesday, August 26th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $118.83.

Coca Cola Femsa Trading Down 1.4%

Shares of KOF stock opened at $110.35 on Thursday. The business has a 50-day moving average price of $109.76 and a two-hundred day moving average price of $105.75. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $80.22 and a 12-month high of $117.09. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. The firm has a market cap of $185.46 billion, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.52 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The company had revenue of $4.36 billion during the quarter. Equities analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 6.98 EPS for the current fiscal year.

Coca Cola Femsa Profile

Coca-Cola FEMSA, SAB. de C.V. is a Latin American beverage company and the largest franchise bottler of Coca-Cola products by sales volume. The company manufactures, markets, sells and distributes beverages under brands owned or licensed by The Coca-Cola Company, including Coca-Cola, Sprite, Fanta, Powerade and Dasani, along with local soft-drink, water, juice and other beverage brands.

The company serves consumers through a broad distribution network spanning Mexico, Central and South America, with operations in markets including Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina and Uruguay.

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