Cetera Investment Advisers Sells 460 Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Cetera Investment Advisers trimmed its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 6.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,399 shares of the company’s stock after selling 460 shares during the quarter. Cetera Investment Advisers’ holdings in Coca Cola Femsa were worth $584,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in Coca Cola Femsa in the 1st quarter worth approximately $41,000. Banque de Luxembourg S.A. purchased a new stake in shares of Coca Cola Femsa in the 4th quarter worth $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Coca Cola Femsa in the 4th quarter worth $43,000. Parvin Asset Management LLC bought a new position in Coca Cola Femsa in the 4th quarter worth $56,000. Finally, NBC Securities Inc. bought a new position in Coca Cola Femsa in the 1st quarter worth $76,000.

Coca Cola Femsa Stock Up 0.8%

Shares of NYSE KOF opened at $84.20 on Friday. The company has a 50-day moving average of $90.49 and a 200 day moving average of $90.41. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $72.68 and a 12-month high of $101.74. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. The stock has a market cap of $141.51 billion, a PE ratio of 14.75, a P/E/G ratio of 1.02 and a beta of 0.62.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.22). The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.89 billion. Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%. As a group, sell-side analysts predict 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 business also recently declared a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 15th were paid a dividend of $0.874 per share. This represents a $3.50 annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, July 15th. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 60.42%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Coca Cola Femsa from $111.00 to $107.00 and set a “neutral” rating for the company in a report on Wednesday, July 16th. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Morgan Stanley upgraded Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. UBS Group raised their target price 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. Finally, Barclays set a $100.00 target price on shares of Coca Cola Femsa and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.

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.