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Coca-Cola Femsa SAB de CV ADR

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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation

Wide-Moat Coca-Cola Femsa Poised to Expand with Acquisitions and Diversified Distribution

Business Strategy and Outlook

We award a wide moat to Coca-Cola Femsa. We expect brand affinity from its status as wide-moat Coca-Cola's largest bottler by volume, combined with cost advantages from its massive manufacturing and distribution footprint, will reinforce its durable competitive position and maintain excess investment returns for more than 20 years.

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