Federated Hermes Inc. Sells 4,135 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Federated Hermes Inc. lessened its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 108,727 shares of the company’s stock after selling 4,135 shares during the quarter. Federated Hermes Inc.’s holdings in Coca-Cola FEMSA were worth $10,290,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its position in Coca-Cola FEMSA by 30.3% in the third quarter. Envestnet Asset Management Inc. now owns 281,313 shares of the company’s stock worth $22,066,000 after buying an additional 65,407 shares during the last quarter. Natixis Advisors L.P. lifted its position in Coca-Cola FEMSA by 3.4% in the third quarter. Natixis Advisors L.P. now owns 223,786 shares of the company’s stock worth $17,554,000 after buying an additional 7,402 shares during the last quarter. CI Investments Inc. lifted its position in shares of Coca-Cola FEMSA by 13.8% during the third quarter. CI Investments Inc. now owns 177,666 shares of the company’s stock worth $13,936,000 after purchasing an additional 21,532 shares during the last quarter. Sei Investments Co. lifted its position in shares of Coca-Cola FEMSA by 17.3% during the third quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock worth $12,792,000 after purchasing an additional 24,017 shares during the last quarter. Finally, Aubrey Capital Management Ltd lifted its position in shares of Coca-Cola FEMSA by 1.6% during the third quarter. Aubrey Capital Management Ltd now owns 129,741 shares of the company’s stock worth $10,120,000 after purchasing an additional 2,000 shares during the last quarter.

Coca-Cola FEMSA Stock Performance

KOF stock opened at $94.53 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.23 and a quick ratio of 1.02. The business has a 50-day moving average price of $96.86 and a 200 day moving average price of $90.71. The company has a market capitalization of $158.87 billion, a P/E ratio of 17.90, a PEG ratio of 1.00 and a beta of 0.87. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $69.33 and a 1-year high of $104.38.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Friday, February 23rd. The company reported $1.46 earnings per share for the quarter, missing the consensus estimate of $1.76 by ($0.30). Coca-Cola FEMSA had a net margin of 7.94% and a return on equity of 15.30%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same quarter in the previous year, the firm earned $1.73 earnings per share. As a group, equities research analysts forecast that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced an annual dividend, which will be paid on Friday, April 26th. Shareholders of record on Monday, April 15th will be paid a $0.81 dividend. The ex-dividend date of this dividend is Friday, April 12th. This represents a yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 14.96%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. UBS Group lifted their target price on Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. StockNews.com upgraded Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 17th. Scotiabank upgraded Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. Finally, JPMorgan Chase & Co. lifted their target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $100.75.

Coca-Cola FEMSA Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.