Fort Washington Investment Advisors Inc. OH Decreases Stake in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Fort Washington Investment Advisors Inc. OH has reduced its stake in Coca Cola Femsa by 3.3%, owning 496,545 shares worth approximately $48 million after selling 17,025 shares.
• Analysts have mixed opinions on Coca Cola Femsa, with ratings ranging from "buy" to "strong sell", and an average price target of $105.00 for the stock.
• Coca Cola Femsa recently declared a quarterly dividend of $0.874 per share, translating to an annualized yield of 4.1% and a payout ratio of 60.42%.

Fort Washington Investment Advisors Inc. OH reduced its stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 496,545 shares of the company's stock after selling 17,025 shares during the period. Fort Washington Investment Advisors Inc. OH's holdings in Coca Cola Femsa were worth $48,031,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. ABS Direct Equity Fund LLC purchased a new position in Coca Cola Femsa in the 2nd quarter worth approximately $740,000. Kathmere Capital Management LLC grew its position in shares of Coca Cola Femsa by 6.5% in the 2nd quarter. Kathmere Capital Management LLC now owns 9,940 shares of the company's stock worth $961,000 after buying an additional 610 shares during the last quarter. FCG Investment Co bought a new stake in shares of Coca Cola Femsa in the 2nd quarter worth approximately $1,013,000. Castleview Partners LLC bought a new stake in shares of Coca Cola Femsa in the 2nd quarter worth approximately $236,000. Finally, TD Private Client Wealth LLC grew its position in shares of Coca Cola Femsa by 15.9% in the 2nd quarter. TD Private Client Wealth LLC now owns 4,312 shares of the company's stock worth $417,000 after buying an additional 592 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wall Street Zen lowered Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. UBS Group lifted their price objective on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Barclays set a $100.00 price objective on Coca Cola Femsa and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Zacks Research lowered Coca Cola Femsa from a "hold" rating to a "strong sell" rating in a research report on Wednesday. Finally, Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $105.00.

Coca Cola Femsa Trading Up 0.8%

Shares of NYSE:KOF opened at $84.34 on Friday. The company has a market cap of $141.75 billion, a P/E ratio of 14.77, a PEG ratio of 1.07 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.90. 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 stock's fifty day moving average price is $84.81 and its 200-day moving average price is $90.66.

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

Coca Cola Femsa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.874 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio is presently 60.42%.

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.

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