Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Stake Lowered by Auto Owners Insurance Co

Auto Owners Insurance Co trimmed its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 98.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,600 shares of the company's stock after selling 294,400 shares during the quarter. Auto Owners Insurance Co's holdings in Coca Cola Femsa were worth $509,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KOF. Wayfinding Financial LLC acquired a new position in shares of Coca Cola Femsa during the 1st quarter worth about $41,000. Banque de Luxembourg S.A. acquired a new position in shares of Coca Cola Femsa during the 4th quarter worth about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Coca Cola Femsa during the 4th quarter worth about $43,000. Parvin Asset Management LLC acquired a new position in shares of Coca Cola Femsa during the 4th quarter worth about $56,000. Finally, NBC Securities Inc. acquired a new position in shares of Coca Cola Femsa during the 1st quarter worth about $76,000.

Analyst Upgrades and Downgrades

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

Coca Cola Femsa Stock Performance

Shares of KOF stock traded down $1.63 during trading hours on Friday, reaching $85.39. 277,283 shares of the company's stock were exchanged, compared to its average volume of 201,748. The company has a market cap of $143.51 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 0.81 and a beta of 0.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.96. The company's 50 day moving average is $93.98 and its two-hundred day moving average is $89.60. 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 - Get Free Report) last posted its quarterly earnings data 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). Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%. The business had revenue of $3.74 billion for 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 EPS for the current fiscal year.

Coca Cola Femsa Announces Dividend

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

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.