Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) was in 7 hedge funds’ portfolio at the end of the fourth quarter of 2012. KOF investors should be aware of a decrease in activity from the world’s largest hedge funds in recent months. There were 9 hedge funds in our database with KOF positions at the end of the previous quarter.
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With these “truths” under our belt, let’s take a glance at the latest action regarding Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF).
What have hedge funds been doing with Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF)?
Heading into 2013, a total of 7 of the hedge funds we track were long in this stock, a change of -22% from the previous quarter. With the smart money’s positions undergoing their usual ebb and flow, there exists an “upper tier” of key hedge fund managers who were boosting their holdings considerably.
When looking at the hedgies we track, Michael Larson’s Bill & Melinda Gates Foundation Trust had the most valuable position in Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF), worth close to $926.2 million, comprising 5.5% of its total 13F portfolio. On Bill & Melinda Gates Foundation Trust’s heels is Renaissance Technologies, managed by Jim Simons, which held a $102.5 million position; 0.3% of its 13F portfolio is allocated to the stock. Other hedgies that are bullish include Cliff Asness’s AQR Capital Management, Jane Mendillo’s Harvard Management Co and David Costen Haley’s HBK Investments.
Seeing as Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) has experienced a declination in interest from hedge fund managers, it’s safe to say that there is a sect of money managers who sold off their full holdings heading into 2013. Interestingly, Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital said goodbye to the biggest stake of the “upper crust” of funds we key on, totaling close to $19.2 million in stock.. Lee Ainslie’s fund, Maverick Capital, also sold off its stock, about $13.7 million worth. These moves are intriguing to say the least, as total hedge fund interest was cut by 2 funds heading into 2013.
How are insiders trading Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF)?
Bullish insider trading is most useful when the company we’re looking at has seen transactions within the past half-year. Over the latest six-month time period, Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF) has seen zero unique insiders buying, and zero insider sales (see the details of insider trades here).
Let’s also examine hedge fund and insider activity in other stocks similar to Coca-Cola FEMSA, S.A.B. de C.V. (ADR) (NYSE:KOF). These stocks are Monster Beverage Corp (NASDAQ:MNST), PepsiCo, Inc. (NYSE:PEP), Dr Pepper Snapple Group Inc. (NYSE:DPS), Coca-Cola HBC S.A. (ADR) (NYSE:CCH), and Coca-Cola Enterprises Inc (NYSE:CCE). This group of stocks are the members of the beverages – soft drinks industry and their market caps are closest to KOF’s market cap.