2,372 Shares in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Bought by Cerity Partners LLC

Cerity Partners LLC bought a new stake in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,372 shares of the company’s stock, valued at approximately $224,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Signaturefd LLC increased its holdings in shares of Coca-Cola FEMSA by 48.7% in the 3rd quarter. Signaturefd LLC now owns 898 shares of the company’s stock worth $70,000 after acquiring an additional 294 shares during the period. NBC Securities Inc. acquired a new stake in shares of Coca-Cola FEMSA in the third quarter valued at approximately $105,000. Systematic Alpha Investments LLC bought a new stake in shares of Coca-Cola FEMSA during the third quarter valued at approximately $149,000. New York State Common Retirement Fund boosted its position in shares of Coca-Cola FEMSA by 54.4% during the third quarter. New York State Common Retirement Fund now owns 2,607 shares of the company’s stock worth $204,000 after buying an additional 918 shares during the period. Finally, Ballentine Partners LLC acquired a new position in shares of Coca-Cola FEMSA during the fourth quarter worth approximately $209,000.

Wall Street Analyst Weigh In

Several research firms recently commented on KOF. JPMorgan Chase & Co. raised their target price on Coca-Cola FEMSA from $102.00 to $107.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. StockNews.com upgraded shares of Coca-Cola FEMSA from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 17th. UBS Group increased 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 report on Tuesday, April 16th. Finally, Scotiabank upgraded shares of Coca-Cola FEMSA from a “sector perform” rating to a “sector outperform” rating in a research report on Friday, April 12th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $100.75.

Coca-Cola FEMSA Price Performance

Shares of Coca-Cola FEMSA stock opened at $100.54 on Tuesday. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $69.33 and a 52 week high of $104.38. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The company’s 50-day moving average price is $96.74 and its two-hundred day moving average price is $91.35.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Wednesday, April 24th. The company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. Coca-Cola FEMSA had a net margin of 8.15% and a return on equity of 15.96%. The business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.67 billion. Equities research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.57 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, April 26th. Stockholders of record on Monday, April 15th were given a dividend of $0.81 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a dividend yield of 0.84%. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 13.91%.

About Coca-Cola FEMSA

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.