Corient IA LLC Takes Position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Corient IA LLC purchased a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,000 shares of the company’s stock, valued at approximately $456,000.

A number of other large investors also recently bought and sold shares of KOF. LPL Financial LLC raised its stake in Coca Cola Femsa by 3.1% in the fourth quarter. LPL Financial LLC now owns 13,580 shares of the company’s stock worth $1,058,000 after buying an additional 413 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Coca Cola Femsa by 68.0% in the fourth quarter. Russell Investments Group Ltd. now owns 3,201 shares of the company’s stock worth $249,000 after buying an additional 1,296 shares in the last quarter. Cerity Partners LLC raised its stake in Coca Cola Femsa by 16.9% in the fourth quarter. Cerity Partners LLC now owns 3,161 shares of the company’s stock worth $253,000 after buying an additional 456 shares in the last quarter. Raymond James Financial Inc. bought a new position in Coca Cola Femsa in the fourth quarter worth approximately $2,570,000. Finally, Barclays PLC raised its stake in Coca Cola Femsa by 170.1% in the fourth quarter. Barclays PLC now owns 1,745 shares of the company’s stock worth $136,000 after buying an additional 1,099 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KOF shares. JPMorgan Chase & Co. reduced 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 research note on Wednesday, July 16th. UBS Group upped their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Barclays set a $100.00 price target on Coca Cola Femsa and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Wall Street Zen downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Sunday, July 13th. Finally, Morgan Stanley raised Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.50.

Coca Cola Femsa Stock Performance

Shares of KOF stock opened at $84.20 on Friday. The business’s fifty day simple moving average is $90.49 and its 200-day simple moving average is $90.49. The company has a market cap of $141.51 billion, a PE ratio of 14.75, a PEG ratio of 1.03 and a beta of 0.62. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. 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.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.22). The company had revenue of $3.74 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. Analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.874 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 4.2%. Coca Cola Femsa’s payout ratio is 60.42%.

Coca Cola Femsa 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.