Diversify Advisory Services LLC Makes New Investment in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Diversify Advisory Services LLC purchased a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOFFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,426 shares of the company’s stock, valued at approximately $714,000.

Several other institutional investors have also modified their holdings of the company. Alps Advisors Inc. grew its position in Coca-Cola FEMSA by 10.9% in the 3rd quarter. Alps Advisors Inc. now owns 7,361 shares of the company’s stock valued at $577,000 after buying an additional 722 shares in the last quarter. Sei Investments Co. boosted its position in shares of Coca-Cola FEMSA by 17.3% during the 3rd quarter. Sei Investments Co. now owns 163,082 shares of the company’s stock valued at $12,792,000 after purchasing an additional 24,017 shares in the last quarter. VisionPoint Advisory Group LLC boosted its position in shares of Coca-Cola FEMSA by 16.4% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 8,357 shares of the company’s stock valued at $656,000 after purchasing an additional 1,180 shares in the last quarter. Dfpg Investments LLC boosted its position in shares of Coca-Cola FEMSA by 11.2% during the 4th quarter. Dfpg Investments LLC now owns 6,709 shares of the company’s stock valued at $616,000 after purchasing an additional 678 shares in the last quarter. Finally, Cornerstone Wealth Management LLC bought a new position in shares of Coca-Cola FEMSA during the 4th quarter valued at about $306,000.

Analyst Ratings Changes

KOF has been the subject of several research reports. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 17th. 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. JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, UBS Group upped their price objective on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $100.45.

Read Our Latest Stock Analysis on KOF

Coca-Cola FEMSA Price Performance

NYSE KOF opened at $82.06 on Friday. The company has a 50 day simple moving average of $91.82 and a 200-day simple moving average of $94.26. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $69.33 and a 52-week high of $104.38.

Coca-Cola FEMSA (NYSE:KOFGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.67 billion. Coca-Cola FEMSA had a net margin of 8.15% and a return on equity of 15.96%. Research analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.65 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, July 26th. Investors of record on Monday, July 15th will be given a dividend of $0.8325 per share. This represents a yield of 3.7%. The ex-dividend date of this dividend is Monday, July 15th. Coca-Cola FEMSA’s payout ratio is presently 13.91%.

Coca-Cola FEMSA Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola FEMSA (NYSE:KOF)

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