Atria Wealth Solutions Inc. Sells 509 Shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Atria Wealth Solutions Inc. cut its stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 13.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,243 shares of the company’s stock after selling 509 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Coca Cola Femsa were worth $296,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of KOF. Corvex Management LP raised its position in shares of Coca Cola Femsa by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company’s stock valued at $83,039,000 after purchasing an additional 619,931 shares during the period. Northern Trust Corp grew its stake in shares of Coca Cola Femsa by 113.8% in the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company’s stock valued at $13,007,000 after acquiring an additional 88,873 shares in the last quarter. BLI Banque de Luxembourg Investments acquired a new position in shares of Coca Cola Femsa in the fourth quarter valued at about $6,533,000. Victory Capital Management Inc. acquired a new position in shares of Coca Cola Femsa in the first quarter valued at about $7,612,000. Finally, Capital World Investors acquired a new position in shares of Coca Cola Femsa in the fourth quarter valued at about $4,702,000.

Analyst Upgrades and Downgrades

KOF has been the topic of several research reports. UBS Group upped their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the company an “overweight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Coca Cola Femsa from $111.00 to $107.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 16th. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Finally, Morgan Stanley upgraded shares of Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research note on Monday, June 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Coca Cola Femsa has an average rating of “Moderate Buy” and a consensus target price of $105.50.

Coca Cola Femsa Stock Performance

NYSE KOF opened at $84.20 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $141.51 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.02 and a beta of 0.62. The firm’s 50 day simple moving average is $90.49 and its 200 day simple moving average is $90.41. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $101.74.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.22). The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.89 billion. Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%. As a group, research 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 Dividend Announcement

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

Coca Cola Femsa Company 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.