Corient IA LLC Acquires Shares of 5,000 Coca Cola Femsa S.A.B. de C.V. $KOF

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 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,000 shares of the company's stock, valued at approximately $456,000.

Several other hedge funds also recently bought and sold shares of KOF. Wayfinding Financial LLC purchased a new position in Coca Cola Femsa during the first quarter worth $41,000. Banque de Luxembourg S.A. purchased a new position in Coca Cola Femsa during the fourth quarter worth $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Coca Cola Femsa during the fourth quarter worth $43,000. Parvin Asset Management LLC purchased a new position in Coca Cola Femsa during the fourth quarter worth $56,000. Finally, NBC Securities Inc. purchased a new stake in shares of Coca Cola Femsa in the first quarter valued at $76,000.

Coca Cola Femsa Stock Up 2.2%

Shares of NYSE:KOF traded up $1.81 during trading on Thursday, hitting $85.35. The company's stock had a trading volume of 159,553 shares, compared to its average volume of 216,995. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.12. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $101.74. The stock's 50-day moving average price is $89.64 and its two-hundred day moving average price is $90.50. The company has a market capitalization of $143.44 billion, a PE ratio of 14.95, a PEG ratio of 1.01 and a beta of 0.62.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released 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 return on equity of 15.81% and a net margin of 8.19%.The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.89 billion. As a group, sell-side analysts expect 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 firm also recently declared a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 15th were paid a $0.874 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $3.50 annualized dividend and a dividend yield of 4.1%. Coca Cola Femsa's payout ratio is 60.42%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KOF shares. JPMorgan Chase & Co. lowered their price objective on 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. Morgan Stanley raised Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. UBS Group lifted 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. Barclays set a $100.00 target price on Coca Cola Femsa and gave the company an "overweight" rating in a report on Thursday, July 31st. Finally, Wall Street Zen cut Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.