Robeco Institutional Asset Management B.V. Lowers Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Robeco Institutional Asset Management B.V. reduced its position in Coca Cola Femsa by 8.5%, selling 106,101 shares and now holds 1,139,269 shares valued at approximately $110.2 million.
• Analysts have mixed views on Coca Cola Femsa, with Zacks Research downgrading the stock to a "strong sell" while UBS Group raised its price target to $113.00 and maintains a "buy" rating.
• Coca Cola Femsa reported a quarterly earnings miss, with earnings of $1.30 per share falling short of the consensus estimate of $1.52, alongside revenue of $3.74 billion.

Robeco Institutional Asset Management B.V. trimmed its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 8.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,139,269 shares of the company's stock after selling 106,101 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.07% of Coca Cola Femsa worth $110,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in KOF. Bruce G. Allen Investments LLC purchased a new stake in shares of Coca Cola Femsa during the second quarter valued at approximately $44,000. Wayfinding Financial LLC bought a new stake in Coca Cola Femsa during the 1st quarter valued at $41,000. NBC Securities Inc. bought a new stake in shares of Coca Cola Femsa during the 1st quarter valued at $76,000. GHP Investment Advisors Inc. purchased a new stake in shares of Coca Cola Femsa in the first quarter worth about $83,000. Finally, ORG Wealth Partners LLC lifted its stake in Coca Cola Femsa by 36.3% in the 1st quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock worth $93,000 after purchasing an additional 264 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KOF. Zacks Research cut Coca Cola Femsa from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 24th. UBS Group boosted their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Barclays set a $100.00 target price on Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. dropped their price target on shares of Coca Cola Femsa from $110.00 to $105.00 and set a "neutral" rating for the company in a research report on Monday, September 15th. Finally, Wall Street Zen cut Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $105.00.

Coca Cola Femsa Stock Down 0.1%

NYSE:KOF opened at $82.21 on Friday. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $101.74. The firm has a market cap of $138.16 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.05 and a beta of 0.63. The firm has a 50-day simple moving average of $84.40 and a two-hundred day simple moving average of $90.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.12.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.22). The business had revenue of $3.74 billion during 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%. Analysts predict 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 Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Tuesday, July 15th. Coca Cola Femsa's payout ratio is presently 60.42%.

Coca Cola Femsa 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.

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