Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Shares Acquired by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC lifted its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 126.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,235 shares of the company's stock after acquiring an additional 3,479 shares during the period. Journey Strategic Wealth LLC's holdings in Coca Cola Femsa were worth $569,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Coca Cola Femsa during the fourth quarter valued at approximately $2,570,000. Commonwealth Equity Services LLC boosted its position in Coca Cola Femsa by 19.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 3,890 shares of the company's stock valued at $303,000 after acquiring an additional 626 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Coca Cola Femsa by 16.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 4,129 shares of the company's stock valued at $322,000 after purchasing an additional 589 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of Coca Cola Femsa by 3.1% during the 4th quarter. LPL Financial LLC now owns 13,580 shares of the company's stock valued at $1,058,000 after purchasing an additional 413 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its stake in Coca Cola Femsa by 14.9% in the 4th quarter. Pictet Asset Management Holding SA now owns 85,739 shares of the company's stock worth $6,678,000 after acquiring an additional 11,086 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

Coca Cola Femsa Price Performance

Shares of Coca Cola Femsa stock traded down $1.63 on Friday, hitting $85.39. The company's stock had a trading volume of 277,283 shares, compared to its average volume of 201,748. The company has a market capitalization of $143.51 billion, a price-to-earnings ratio of 14.95, a price-to-earnings-growth ratio of 0.81 and a beta of 0.60. The firm has a fifty day moving average price of $93.98 and a 200-day moving average price of $89.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.96 and a current ratio of 1.12. 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 issued 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 analysts' expectations of $3.89 billion. Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Tuesday, July 15th will be issued a $0.874 dividend. This represents a $3.50 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Tuesday, July 15th. Coca Cola Femsa's payout ratio is 57.89%.

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.