CenterBook Partners LP Lowers Stock Position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Key Points

• CenterBook Partners LP has reduced its stock position in Coca Cola Femsa by 24.1%, selling 10,999 shares during the first quarter and now holding 34,597 shares valued at $3,158,000.
• Several institutional investors have increased their holdings in Coca Cola Femsa, notably Russell Investments Group Ltd. which raised its stake by 68.0% in the fourth quarter.
• Coca Cola Femsa's most recent earnings report showed an EPS of $1.30, falling short of analysts' expectations, with revenues of $3.74 billion compared to the consensus estimate of $3.89 billion.

CenterBook Partners LP cut its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 24.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,597 shares of the company's stock after selling 10,999 shares during the quarter. CenterBook Partners LP's holdings in Coca Cola Femsa were worth $3,158,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of KOF. LPL Financial LLC grew its holdings 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 purchasing an additional 413 shares during the period. Envestnet Asset Management Inc. boosted its holdings in Coca Cola Femsa by 1.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 224,870 shares of the company's stock worth $17,515,000 after acquiring an additional 3,120 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of 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 acquiring an additional 1,296 shares during the last quarter. Cerity Partners LLC grew its position in Coca Cola Femsa by 16.9% during the 4th quarter. Cerity Partners LLC now owns 3,161 shares of the company's stock valued at $253,000 after purchasing an additional 456 shares during the last quarter. Finally, Renaissance Group LLC raised its holdings in Coca Cola Femsa by 12.0% in the 4th quarter. Renaissance Group LLC now owns 30,146 shares of the company's stock worth $2,348,000 after acquiring an additional 3,236 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. UBS Group boosted their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Barclays set a $100.00 price objective on shares of Coca Cola Femsa and gave the company an "overweight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. dropped their target price on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. 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 issued a buy rating to the stock. According to MarketBeat, Coca Cola Femsa presently has a consensus rating of "Moderate Buy" and an average target price of $105.50.

Coca Cola Femsa Stock Up 1.2%

KOF opened at $83.92 on Thursday. The firm's 50 day simple moving average is $92.15 and its two-hundred day simple moving average is $90.00. The company has a market capitalization of $141.04 billion, a PE ratio of 14.70, a PEG ratio of 1.01 and a beta of 0.62. 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. 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 (NYSE:KOF - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.22). The company had revenue of $3.74 billion during the quarter, compared to the consensus estimate 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, equities analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current 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 paid a dividend of $0.874 per share. The ex-dividend date 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 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.

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