Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC boosted its holdings in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 139.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,580 shares of the company’s stock after buying an additional 4,419 shares during the quarter. Cerity Partners LLC’s holdings in Coca Cola Femsa were worth $692,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Coca Cola Femsa by 936.0% in the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the company’s stock valued at $533,000 after buying an additional 5,279 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Coca Cola Femsa by 1.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company’s stock valued at $17,515,000 after buying an additional 3,120 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Coca Cola Femsa by 46.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 102,856 shares of the company’s stock valued at $8,011,000 after buying an additional 32,674 shares during the last quarter. Ninety One UK Ltd purchased a new position in shares of Coca Cola Femsa in the 1st quarter valued at $3,979,000. Finally, Focus Partners Wealth purchased a new position in shares of Coca Cola Femsa in the 4th quarter valued at $334,000.

Analysts Set New Price Targets

KOF has been the topic of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Coca Cola Femsa from $111.00 to $107.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 16th. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Sunday, July 13th. Morgan Stanley raised shares of Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. Finally, UBS Group raised their price objective on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $106.75.

Coca Cola Femsa Stock Up 1.4%

Shares of NYSE KOF opened at $86.79 on Friday. The company has a quick ratio of 0.96, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $72.68 and a 52 week high of $101.74. The firm has a 50-day moving average price of $94.12 and a 200 day moving average price of $89.54. The stock has a market capitalization of $145.87 billion, a price-to-earnings ratio of 15.20, a price-to-earnings-growth ratio of 0.80 and a beta of 0.60.

Coca Cola Femsa (NYSE:KOF) last announced its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.22). The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.89 billion. Coca Cola Femsa had a return on equity of 15.70% and a net margin of 8.19%. Equities research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.874 per share. This represents a $3.50 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date is Tuesday, July 15th. Coca Cola Femsa’s payout ratio is currently 57.89%.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.