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: 104,000
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
83% more call options, than puts
Call options by funds: $6.47M | Put options by funds: $3.54M
38% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 71
2% more capital invested
Capital invested by funds: $1.88B [Q2] → $1.92B (+$40.3M) [Q3]
0.03% less ownership
Funds ownership: 4.18% [Q2] → 4.14% (-0.03%) [Q3]
10% less funds holding
Funds holding: 256 [Q2] → 231 (-25) [Q3]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 5 (-1) [Q3]
48% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 52
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Barclays Benjamin Theurer 32% 1-year accuracy 10 / 31 met price target | 36%upside $108 | Overweight Maintained | 30 Oct 2024 |
Citigroup Renata Cabral 0% 1-year accuracy 0 / 1 met price target | 28%upside $102 | Buy Upgraded | 29 Oct 2024 |
Financial journalist opinion
