Sequoia Financial Advisors LLC Makes New $417,000 Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Sequoia Financial Advisors LLC has invested approximately $417,000 in Coca Cola Femsa, acquiring 4,308 shares during the 2nd quarter.
• Coca Cola Femsa recently announced a quarterly dividend of $1.0006 per share, reflecting an increase from its previous dividend and a 4.8% annual yield.
• The company reported $1.30 earnings per share for the last quarter, falling short of analysts' estimates of $1.52, alongside a revenue of $3.74 billion against expectations of $3.89 billion.

Sequoia Financial Advisors LLC acquired a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,308 shares of the company's stock, valued at approximately $417,000.

Other institutional investors also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new position in shares of Coca Cola Femsa during the 1st quarter worth about $41,000. Bruce G. Allen Investments LLC acquired a new position in shares of Coca Cola Femsa during the 2nd quarter worth about $44,000. CWM LLC increased its stake in shares of Coca Cola Femsa by 19.7% during the 2nd quarter. CWM LLC now owns 722 shares of the company's stock worth $70,000 after purchasing an additional 119 shares during the last quarter. GHP Investment Advisors Inc. acquired a new position in shares of Coca Cola Femsa during the 1st quarter worth about $83,000. Finally, Ballentine Partners LLC acquired a new position in shares of Coca Cola Femsa during the 1st quarter worth about $204,000.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF opened at $83.98 on Tuesday. The company's 50 day moving average price is $84.14 and its two-hundred day moving average price is $89.75. 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 firm has a market cap of $141.14 billion, a PE ratio of 14.71, a PEG ratio of 1.09 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 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). Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%.The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.89 billion. Equities research analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be given a dividend of $1.0006 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Tuesday, October 14th. This is a boost from Coca Cola Femsa's previous quarterly dividend of $0.87. Coca Cola Femsa's dividend payout ratio (DPR) is currently 63.05%.

Analysts Set New Price Targets

Several research firms have recently weighed in on KOF. Weiss Ratings lowered shares of Coca Cola Femsa from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. Zacks Research lowered shares of Coca Cola Femsa from a "hold" rating to a "strong sell" rating in a research note on Wednesday, September 24th. JPMorgan Chase & Co. decreased their price target on shares of Coca Cola Femsa from $110.00 to $105.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Finally, UBS Group upped 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. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $105.00.

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.

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