2,372 Shares in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Bought by Cerity Partners LLC

Cerity Partners LLC bought a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,372 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KOF. Commonwealth Equity Services LLC grew its position in shares of Coca-Cola FEMSA by 5.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,877 shares of the company’s stock valued at $304,000 after purchasing an additional 201 shares during the period. Veracity Capital LLC boosted its holdings in shares of Coca-Cola FEMSA by 16.3% in the third quarter. Veracity Capital LLC now owns 5,962 shares of the company’s stock valued at $468,000 after buying an additional 835 shares during the period. Park Avenue Securities LLC bought a new stake in shares of Coca-Cola FEMSA during the third quarter worth $272,000. Panagora Asset Management Inc. raised its holdings in shares of Coca-Cola FEMSA by 17.0% during the third quarter. Panagora Asset Management Inc. now owns 62,119 shares of the company’s stock worth $4,873,000 after acquiring an additional 9,023 shares during the period. Finally, Aubrey Capital Management Ltd lifted its position in Coca-Cola FEMSA by 1.6% in the 3rd quarter. Aubrey Capital Management Ltd now owns 129,741 shares of the company’s stock valued at $10,120,000 after acquiring an additional 2,000 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have issued reports on KOF shares. StockNews.com raised Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. boosted their target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. Finally, UBS Group boosted their price objective on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Coca-Cola FEMSA currently has an average rating of “Moderate Buy” and an average target price of $100.75.

Coca-Cola FEMSA Stock Up 0.9 %

KOF stock opened at $100.54 on Tuesday. Coca-Cola FEMSA, S.A.B. de C.V. has a twelve month low of $69.33 and a twelve month high of $104.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. The business has a 50 day moving average price of $96.74 and a two-hundred day moving average price of $91.35.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.03. Coca-Cola FEMSA had a net margin of 8.15% and a return on equity of 15.96%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.67 billion. On average, sell-side analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were paid a dividend of $0.81 per share. The ex-dividend date was Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio is presently 13.91%.

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.