Coca-Cola Femsa
About: Coca-Cola Femsa, a subsidiary of Femsa, is the largest franchise bottler of wide-moat Coca-Cola in volume terms. The company purchases beverage concentrates and syrup from Coca-Cola, which it then processes and packages for distribution through modern trade, traditional trade and the on-premises channel. Mexico and Brazil make up 80% of total sales, with the rest from other Central and South American countries, including Panama, Guatemala, Uruguay, and Argentina. Parent Femsa and Coca-Cola hold 47% and 28% of economic interests in Coca-Cola Femsa, through nonpublicly traded A and D shares, respectively, while controlling 56% and 33% of the respective voting power.
Employees: 104,241
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
285% more call options, than puts
Call options by funds: $4.49M | Put options by funds: $1.17M
20% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]
0.08% less ownership
Funds ownership: 4.14% [Q1] → 4.05% (-0.08%) [Q2]
9% less repeat investments, than reductions
Existing positions increased: 86 | Existing positions reduced: 95
4% less funds holding
Funds holding: 263 [Q1] → 253 (-10) [Q2]
13% less capital invested
Capital invested by funds: $2.1B [Q1] → $1.82B (-$283M) [Q2]
26% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 39
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Barclays Benjamin Theurer 33% 1-year accuracy 10 / 30 met price target | 27%upside $110 | Overweight Maintained | 31 Jul 2024 |