Invesco Ltd. reduced its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 45.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 229,235 shares of the company's stock after selling 192,497 shares during the period. Invesco Ltd.'s holdings in Coca Cola Femsa were worth $20,927,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Coca Cola Femsa by 24.4% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 249,490 shares of the company's stock worth $22,776,000 after buying an additional 48,924 shares in the last quarter. Hosking Partners LLP purchased a new position in shares of Coca Cola Femsa in the 1st quarter worth $7,918,000. Townsquare Capital LLC bought a new stake in shares of Coca Cola Femsa in the 1st quarter worth about $3,035,000. National Bank of Canada FI lifted its holdings in shares of Coca Cola Femsa by 4.5% in the 1st quarter. National Bank of Canada FI now owns 30,643 shares of the company's stock worth $2,794,000 after acquiring an additional 1,332 shares during the last quarter. Finally, ABC Arbitrage SA bought a new stake in shares of Coca Cola Femsa in the 1st quarter worth about $568,000.
Coca Cola Femsa Trading Up 0.1%
KOF traded up $0.12 on Tuesday, reaching $86.23. 419,031 shares of the company traded hands, compared to its average volume of 170,090. 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 firm has a fifty day simple moving average of $88.79 and a two-hundred day simple moving average of $90.82. The company has a market cap of $144.92 billion, a P/E ratio of 15.10, a price-to-earnings-growth ratio of 1.05 and a beta of 0.62. 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 announced its quarterly earnings data 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). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.89 billion. As a group, equities research 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 $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 currently 60.42%.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. UBS Group raised their target price on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. lowered their target price on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating for the company in a report on Wednesday, July 16th. Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Finally, Barclays set a $100.00 target price on shares of Coca Cola Femsa and gave the stock an "overweight" rating in a report on Thursday, July 31st. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Coca Cola Femsa currently has a consensus rating of "Moderate Buy" and an average price target of $105.50.
View Our Latest Report on Coca Cola Femsa
Coca Cola Femsa Profile
(
Free Report)
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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