Leo Wealth LLC increased its position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 26.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,220 shares of the company's stock after purchasing an additional 3,590 shares during the quarter. Leo Wealth LLC's holdings in Coca Cola Femsa were worth $1,572,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of KOF. Bank of New York Mellon Corp increased its stake in Coca Cola Femsa by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company's stock valued at $1,537,000 after acquiring an additional 149 shares during the last quarter. TD Private Client Wealth LLC boosted its position in Coca Cola Femsa by 5.0% in the fourth quarter. TD Private Client Wealth LLC now owns 3,257 shares of the company's stock valued at $254,000 after buying an additional 155 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in shares of Coca Cola Femsa by 1.8% during the fourth quarter. Avantax Advisory Services Inc. now owns 11,976 shares of the company's stock valued at $933,000 after acquiring an additional 212 shares during the last quarter. ORG Wealth Partners LLC raised its stake in shares of Coca Cola Femsa by 36.3% during the first quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock valued at $93,000 after acquiring an additional 264 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its stake in shares of Coca Cola Femsa by 9.7% during the first quarter. Cornerstone Wealth Management LLC now owns 3,531 shares of the company's stock valued at $322,000 after acquiring an additional 312 shares during the last quarter.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on KOF. UBS Group raised their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note 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 research note on Wednesday. Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Finally, Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, Coca Cola Femsa currently has a consensus rating of "Moderate Buy" and an average price target of $106.75.
Check Out Our Latest Report on KOF
Coca Cola Femsa Stock Performance
Shares of KOF traded up $1.78 on Thursday, reaching $90.95. The company's stock had a trading volume of 89,887 shares, compared to its average volume of 200,036. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.21 and a quick ratio of 0.96. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $72.68 and a 12-month high of $101.74. The stock has a market capitalization of $152.85 billion, a P/E ratio of 15.25, a PEG ratio of 0.85 and a beta of 0.60. The stock's 50 day simple moving average is $94.49 and its two-hundred day simple moving average is $89.06.
Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.19. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.44 billion. Coca Cola Femsa had a net margin of 8.38% and a return on equity of 16.29%. Research 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 disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.874 per share. This represents a $3.50 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend is Tuesday, July 15th. Coca Cola Femsa's payout ratio is currently 58.72%.
About Coca Cola Femsa
(
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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