Coca-Cola Femsa Strengthens Pricing to Mitigate Bottom-Line Pressures; Shares Fairly Valued
Narrow-moat Coca-Cola Femsa continued to post strong top-line growth in the second quarter, with comparable revenue growing nearly 8%, driven by a 5% increase in average price per unit case, consistent with our outlook for high-single-digit annual revenue growth. However, higher input costs weighed on profitability, as lower sweetener prices in Mexico (which contributed roughly half of volume this quarter) were offset by higher concentrate prices in Mexico and higher PET prices across the firm's...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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