Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Position Increased by Leo Wealth LLC

Leo Wealth LLC increased its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 26.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,220 shares of the company's stock after purchasing an additional 3,590 shares during the period. Leo Wealth LLC's holdings in Coca Cola Femsa were worth $1,572,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in KOF. Steward Partners Investment Advisory LLC increased its position in shares of Coca Cola Femsa by 1,388.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 402 shares of the company's stock valued at $31,000 after purchasing an additional 375 shares during the period. Wayfinding Financial LLC acquired a new position in Coca Cola Femsa during the first quarter worth about $41,000. Banque de Luxembourg S.A. bought a new stake in Coca Cola Femsa in the fourth quarter worth about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Coca Cola Femsa in the 4th quarter valued at about $43,000. Finally, Parvin Asset Management LLC bought a new position in shares of Coca Cola Femsa during the 4th quarter valued at about $56,000.

Analyst Upgrades and Downgrades

KOF has been the subject of several recent research reports. Wall Street Zen lowered shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday. JPMorgan Chase & Co. increased their price objective on Coca Cola Femsa from $107.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Finally, UBS Group upped 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Coca Cola Femsa currently has an average rating of "Moderate Buy" and a consensus price target of $107.50.

Coca Cola Femsa Stock Down 0.4%

Shares of KOF traded down $0.37 during mid-day trading on Monday, reaching $89.19. The company's stock had a trading volume of 235,418 shares, compared to its average volume of 224,273. The company has a market cap of $149.90 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 0.86 and a beta of 0.60. The business has a fifty day moving average of $94.78 and a 200 day moving average of $88.99. The company has a quick ratio of 0.96, a current ratio of 1.21 and a debt-to-equity ratio of 0.44. 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 announced its quarterly earnings data on Friday, April 25th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.19. Coca Cola Femsa had a return on equity of 16.29% and a net margin of 8.38%. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.44 billion. As a group, analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Tuesday, July 15th will be issued a dividend of $0.874 per share. This represents a $3.50 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio is currently 58.56%.

Coca Cola Femsa Company Profile

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.