15,937 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Purchased by Strs Ohio

Key Points

• Strs Ohio purchased 15,937 shares of Coca Cola Femsa S.A.B. de C.V., valued at approximately $1.45 million, during the first quarter, marking a significant investment by the firm.
• Coca Cola Femsa's stock recently saw a trading price of $82.89 with a market capitalization of $139.31 billion, but it missed quarterly earnings expectations, reporting $1.30 EPS against an estimated $1.52 EPS.
• The company has declared a quarterly dividend of $0.874 per share, yielding approximately 4.2%, with a payout ratio of 60.42%.

Strs Ohio acquired a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 15,937 shares of the company's stock, valued at approximately $1,455,000.

Several other large investors have also modified their holdings of the stock. Wayfinding Financial LLC purchased a new position in Coca Cola Femsa in the first quarter worth $41,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Coca Cola Femsa in the fourth quarter valued at $43,000. NBC Securities Inc. acquired a new stake in Coca Cola Femsa in the first quarter valued at $76,000. GHP Investment Advisors Inc. acquired a new stake in Coca Cola Femsa in the first quarter valued at $83,000. Finally, ORG Wealth Partners LLC grew its holdings in Coca Cola Femsa by 36.3% in the first quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock valued at $93,000 after purchasing an additional 264 shares during the last quarter.

Analyst Ratings Changes

Several analysts have weighed in on the company. Zacks Research lowered Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. UBS Group increased their price objective on 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. decreased their price objective on 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. Wall Street Zen lowered Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, Morgan Stanley raised Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.00.

Coca Cola Femsa Price Performance

KOF stock traded up $1.65 during trading hours on Friday, hitting $84.53. 327,565 shares of the stock traded hands, compared to its average volume of 255,275. The stock has a 50-day simple moving average of $85.34 and a 200 day simple moving average of $90.76. Coca Cola Femsa S.A.B. de C.V. has a one year low of $72.68 and a one year high of $101.74. The company has a market cap of $142.07 billion, a P/E ratio of 14.80, a P/E/G ratio of 1.08 and a beta of 0.64. The company has a current ratio of 1.12, a quick ratio of 0.90 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 for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.89 billion. Equities analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca Cola Femsa Dividend Announcement

The business also recently announced 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 4.1%. The ex-dividend date of this dividend was Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio is currently 60.42%.

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.