OneAscent Wealth Management LLC Invests $1.55 Million in Coca Cola Femsa S.A.B. de C.V. $KOF

OneAscent Wealth Management LLC bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,118 shares of the company’s stock, valued at approximately $1,550,000. Coca Cola Femsa accounts for about 0.5% of OneAscent Wealth Management LLC’s portfolio, making the stock its 26th biggest holding.

A number of other hedge funds have also recently bought and sold shares of KOF. NewEdge Advisors LLC raised its position in shares of Coca Cola Femsa by 230,700.0% during the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after buying an additional 2,307 shares during the last quarter. Jones Financial Companies Lllp grew its position in Coca Cola Femsa by 211.4% during the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock worth $451,000 after buying an additional 3,351 shares in the last quarter. CW Advisors LLC acquired a new stake in Coca Cola Femsa during the second quarter worth about $260,000. EverSource Wealth Advisors LLC increased its stake in Coca Cola Femsa by 186.6% during the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock valued at $89,000 after acquiring an additional 601 shares during the period. Finally, Qube Research & Technologies Ltd increased its stake in Coca Cola Femsa by 11.9% during the second quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock valued at $11,778,000 after acquiring an additional 12,979 shares during the period.

Analyst Ratings Changes

Several research firms have commented on KOF. JPMorgan Chase & Co. upped their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. UBS Group lifted their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. HSBC restated a “hold” rating and set a $116.00 price objective on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Barclays raised their target price on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $118.83.

Coca Cola Femsa Price Performance

Shares of KOF stock opened at $112.15 on Friday. The stock’s fifty day simple moving average is $107.05 and its 200 day simple moving average is $105.48. Coca Cola Femsa S.A.B. de C.V. has a one year low of $80.22 and a one year high of $116.36. The firm has a market cap of $188.49 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 1.34 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The firm had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. On average, analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.93 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were issued a $1.1248 dividend. This represents a $4.50 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s payout ratio is currently 61.99%.

Coca Cola Femsa Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.