Cerity Partners LLC Has $692,000 Stock Holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Cerity Partners LLC lifted its stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 139.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,580 shares of the company's stock after purchasing an additional 4,419 shares during the quarter. Cerity Partners LLC's holdings in Coca Cola Femsa were worth $692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Wayfinding Financial LLC bought a new position in shares of Coca Cola Femsa during the 1st quarter valued at approximately $41,000. Banque de Luxembourg S.A. bought a new position in shares of Coca Cola Femsa during the 4th quarter valued at approximately $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Coca Cola Femsa during the 4th quarter valued at approximately $43,000. Parvin Asset Management LLC bought a new position in Coca Cola Femsa in the 4th quarter worth approximately $56,000. Finally, NBC Securities Inc. bought a new position in Coca Cola Femsa in the 1st quarter worth approximately $76,000.

Wall Street Analyst Weigh In

Several research firms have weighed in on KOF. Wall Street Zen downgraded Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. JPMorgan Chase & Co. decreased their price objective on Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. UBS Group upped their price objective on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley raised Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $106.75.

Coca Cola Femsa Stock Down 1.9%

NYSE KOF traded down $1.63 during trading hours on Friday, hitting $85.39. 277,283 shares of the company were exchanged, compared to its average volume of 201,748. The company has a 50 day moving average of $93.98 and a two-hundred day moving average of $89.60. The company has a quick ratio of 0.96, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $72.68 and a 52-week high of $101.74. The firm has a market cap of $143.51 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.81 and a beta of 0.60.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.89 billion. Equities research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca Cola Femsa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th will be given a $0.874 dividend. This represents a $3.50 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Tuesday, July 15th. Coca Cola Femsa's payout ratio is 57.89%.

About Coca Cola Femsa

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.