Bill Gates’ Cascade Investment Reports Big Position in Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (KOF)

Bill Gates’ Cascade Investment has disclosed a significant position in Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF). According to a newly amended filing with the SEC, Cascade Investment holds a total of some 25.79 million series L shares of the company, equal to 5.3% of the outstanding stock. Mr. Gates, via Cascade and Bill & Melinda Gates Foundation Trust is deemed to own around 88.01 million shares, or 17.7% of the class. In an earlier filing, Mr. Gates’ position in Coca-Cola FEMSA amassed 87.84 million shares, or 19.2% of the outstanding stock.

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Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) operates as one of the largest franchise bottlers of The Coca-Cola Company (NYSE:KO) products. For the previous year, the company reported EPS worth $4.22, down from $5.16 posted a year earlier, while its revenue appreciated to $11.7 billion, from $11.5 billion. For the current year, the company is expected to report revenues worth $12.7 billion, and net income of $5.19 per share.

The stock of Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) has been declining and lost over 10% since the beginning of the year, and almost 40% over the past 52 weeks. It trails a Price/Earnings ratio of 24.xx, slightly above the industry average of 21.xx and has a Price/Earnings-to-Growth Ratio of around 4.xx.

Among the hedge funds from our database, several disclosed holding shares of Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) in the previous round of 13F filings. Jim Simons‘ Renaissance Technologies held around 738,100 shares, with a reported value of $89.88 million, followed by Aqr Capital Management, led by Cliff Asness, with a much smaller stake with some 98,900 shares.

A couple of weeks ago, Cascade Investment disclosed holding 772,000 shares of Thai Fund Inc. (NYSE:TTF). The aggregate stake owned by Mr. Gates amasses over 1.0 million shares of the company, equal to 8.2%.

Disclosure: none

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