Federated Hermes Inc. Sells 4,135 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Federated Hermes Inc. reduced its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 108,727 shares of the company’s stock after selling 4,135 shares during the quarter. Federated Hermes Inc.’s holdings in Coca-Cola FEMSA were worth $10,290,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of KOF. Hartford Financial Management Inc. boosted its position in shares of Coca-Cola FEMSA by 40.1% in the fourth quarter. Hartford Financial Management Inc. now owns 395 shares of the company’s stock valued at $37,000 after acquiring an additional 113 shares during the period. Signaturefd LLC raised its stake in Coca-Cola FEMSA by 48.7% in the third quarter. Signaturefd LLC now owns 898 shares of the company’s stock valued at $70,000 after purchasing an additional 294 shares in the last quarter. NBC Securities Inc. purchased a new stake in Coca-Cola FEMSA in the third quarter valued at approximately $105,000. Systematic Alpha Investments LLC purchased a new stake in Coca-Cola FEMSA in the third quarter valued at approximately $149,000. Finally, New York State Common Retirement Fund raised its stake in Coca-Cola FEMSA by 54.4% in the third quarter. New York State Common Retirement Fund now owns 2,607 shares of the company’s stock valued at $204,000 after purchasing an additional 918 shares in the last quarter.

Coca-Cola FEMSA Trading Down 0.5 %

KOF stock opened at $94.53 on Wednesday. The company has a market capitalization of $158.87 billion, a PE ratio of 17.90, a price-to-earnings-growth ratio of 1.00 and a beta of 0.87. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $69.33 and a one year high of $104.38. The company’s 50 day moving average price is $96.86 and its two-hundred day moving average price is $90.71. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.02 and a current ratio of 1.23.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Friday, February 23rd. The company reported $1.46 EPS for the quarter, missing the consensus estimate of $1.76 by ($0.30). The business had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.79 billion. Coca-Cola FEMSA had a return on equity of 15.30% and a net margin of 7.94%. During the same period last year, the business posted $1.73 earnings per share. As a group, analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, April 26th. Investors of record on Monday, April 15th will be paid a $0.81 dividend. This represents a dividend yield of 0.84%. The ex-dividend date is Friday, April 12th. Coca-Cola FEMSA’s payout ratio is 14.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. UBS Group raised their target price on shares of Coca-Cola FEMSA from $109.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. StockNews.com raised shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. Finally, Scotiabank raised shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, April 12th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $100.75.

Coca-Cola FEMSA Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.