Atria Investments Inc Raises Stock Holdings in Coca Cola Femsa S.A.B. de C.V. $KOF

Atria Investments Inc increased its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 13.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,285 shares of the company’s stock after purchasing an additional 615 shares during the quarter. Atria Investments Inc’s holdings in Coca Cola Femsa were worth $511,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new stake in shares of Coca Cola Femsa during the 2nd quarter worth about $44,000. CWM LLC boosted its position in Coca Cola Femsa by 19.7% during the second quarter. CWM LLC now owns 722 shares of the company’s stock worth $70,000 after acquiring an additional 119 shares during the last quarter. Ballentine Partners LLC acquired a new stake in Coca Cola Femsa during the first quarter worth approximately $204,000. NewEdge Advisors LLC grew its stake in Coca Cola Femsa by 230,700.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after acquiring an additional 2,307 shares during the period. Finally, West Family Investments Inc. acquired a new position in Coca Cola Femsa in the 1st quarter valued at $222,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. decreased their price objective on Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a report on Monday, September 15th. Zacks Research lowered shares of Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 24th. Barclays lowered their target price on shares of Coca Cola Femsa from $100.00 to $98.00 and set an “overweight” rating for the company in a report on Monday, November 3rd. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Weiss Ratings lowered shares of Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $105.33.

Coca Cola Femsa Trading Up 2.2%

NYSE KOF opened at $90.42 on Monday. The firm has a market capitalization of $151.97 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 1.08 and a beta of 0.61. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10. Coca Cola Femsa S.A.B. de C.V. has a one year low of $72.68 and a one year high of $101.74. The company’s 50 day moving average price is $84.58 and its 200 day moving average price is $88.97.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Friday, October 24th. The company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.03. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 15.79%. The company had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.96 billion. On average, sell-side analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th were issued a dividend of $1.0006 per share. The ex-dividend date was Tuesday, October 14th. This represents a $4.00 annualized dividend and a yield of 4.4%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $0.87. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 62.54%.

About Coca Cola Femsa

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.