5,000 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Bought by Corient IA LLC

Key Points

• Corient IA LLC acquired a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF), purchasing 5,000 shares valued at approximately $456,000 in the first quarter.
• Several large investors, including Barclays PLC and LPL Financial LLC, have raised their stakes in Coca Cola Femsa during the fourth quarter, indicating increasing institutional interest.
• Coca Cola Femsa reported earnings of $1.30 per share, missing estimates, alongside a recent quarterly dividend of $0.874 per share, which reflects a 4.2% dividend yield.

Corient IA LLC purchased a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 5,000 shares of the company's stock, valued at approximately $456,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC lifted its position in Coca Cola Femsa by 936.0% during the first quarter. GAMMA Investing LLC now owns 5,843 shares of the company's stock worth $533,000 after acquiring an additional 5,279 shares during the last quarter. Ninety One UK Ltd acquired a new stake in Coca Cola Femsa during the first quarter worth approximately $3,979,000. Leo Wealth LLC lifted its position in Coca Cola Femsa by 26.3% during the first quarter. Leo Wealth LLC now owns 17,220 shares of the company's stock worth $1,572,000 after acquiring an additional 3,590 shares during the last quarter. Focus Partners Wealth acquired a new stake in Coca Cola Femsa during the fourth quarter worth approximately $334,000. Finally, Raymond James Financial Inc. acquired a new stake in Coca Cola Femsa during the fourth quarter worth approximately $2,570,000.

Coca Cola Femsa Price Performance

Shares of NYSE KOF traded up $1.5150 during midday trading on Friday, reaching $87.0550. 88,939 shares of the company were exchanged, compared to its average volume of 216,122. The stock's 50-day moving average price is $89.37 and its 200-day moving average price is $90.56. The stock has a market cap of $146.31 billion, a P/E ratio of 15.24, a PEG ratio of 1.02 and a beta of 0.62. Coca Cola Femsa S.A.B. de C.V. has a one year low of $72.68 and a one year high of $101.74. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.52 by ($0.22). The company had revenue of $3.74 billion for 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%. On average, sell-side analysts anticipate 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.874 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, July 15th. Coca Cola Femsa's payout ratio is presently 60.42%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on KOF shares. JPMorgan Chase & Co. cut their price objective on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the company an "overweight" rating in a research report on Thursday, July 31st. Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. Finally, UBS Group lifted 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 report on Tuesday, July 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Coca Cola Femsa currently has a consensus rating of "Moderate Buy" and an average price target of $105.50.

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.