Sei Investments Co. Boosts Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Sei Investments Co. boosted its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 7.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 167,276 shares of the company’s stock after purchasing an additional 11,920 shares during the quarter. Sei Investments Co.’s holdings in Coca-Cola FEMSA were worth $14,359,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of KOF. Ashton Thomas Private Wealth LLC purchased a new stake in Coca-Cola FEMSA during the second quarter valued at approximately $32,000. Blue Trust Inc. lifted its holdings in shares of Coca-Cola FEMSA by 490.1% during the 2nd quarter. Blue Trust Inc. now owns 478 shares of the company’s stock valued at $41,000 after purchasing an additional 397 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Coca-Cola FEMSA by 74.9% in the 4th quarter. Parallel Advisors LLC now owns 579 shares of the company’s stock worth $55,000 after purchasing an additional 248 shares in the last quarter. ORG Partners LLC purchased a new position in Coca-Cola FEMSA during the 1st quarter worth $63,000. Finally, CWM LLC increased its position in Coca-Cola FEMSA by 49.9% during the 2nd quarter. CWM LLC now owns 853 shares of the company’s stock valued at $73,000 after buying an additional 284 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on KOF shares. UBS Group lowered their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Barclays boosted their target price on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola FEMSA currently has a consensus rating of “Buy” and an average price target of $101.91.

Coca-Cola FEMSA Stock Up 2.2 %

NYSE:KOF opened at $91.93 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. The company’s fifty day moving average price is $87.87 and its 200-day moving average price is $91.14. 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. The firm has a market capitalization of $154.50 billion, a P/E ratio of 16.18, a PEG ratio of 0.74 and a beta of 0.85.

Coca-Cola FEMSA (NYSE:KOF) last announced its quarterly earnings results on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.76 billion. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. During the same period last year, the firm earned $1.32 EPS. As a group, equities research analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 15th were issued a $0.8325 dividend. This represents a yield of 3.7%. The ex-dividend date of this dividend was Monday, July 15th. Coca-Cola FEMSA’s payout ratio is presently 13.20%.

Coca-Cola FEMSA Company 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.