Tweedy Browne Co LLC Sells 67,365 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Tweedy Browne Co LLC has reduced its stake in Coca Cola Femsa S.A.B. de C.V. by 5.2%, selling 67,365 shares during the second quarter, but still holds approximately 1,217,892 shares, making it the firm's third largest position.
• Coca Cola Femsa recently increased its quarterly dividend to $1.0006 per share, up from $0.87, offering an annualized yield of 4.7% to investors.
• Equities analysts have issued mixed ratings on Coca Cola Femsa, with four analysts rating it as a Buy and two as a Hold, while the average target price is set at $105.00.

Tweedy Browne Co LLC reduced its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 5.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,217,892 shares of the company's stock after selling 67,365 shares during the period. Coca Cola Femsa makes up approximately 10.9% of Tweedy Browne Co LLC's portfolio, making the stock its 3rd largest position. Tweedy Browne Co LLC owned about 0.07% of Coca Cola Femsa worth $117,807,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in KOF. Wayfinding Financial LLC purchased a new position in shares of Coca Cola Femsa during the 1st quarter worth approximately $41,000. Bruce G. Allen Investments LLC acquired a new position in Coca Cola Femsa during the second quarter worth $44,000. CWM LLC raised its position in Coca Cola Femsa by 19.7% in the second quarter. CWM LLC now owns 722 shares of the company's stock worth $70,000 after acquiring an additional 119 shares in the last quarter. 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 boosted its position in shares of Coca Cola Femsa by 36.3% during 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.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. UBS Group increased their target price on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. reduced 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. Weiss Ratings cut Coca Cola Femsa from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, October 8th. Finally, Barclays set a $100.00 price objective on Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $105.00.

Coca Cola Femsa Stock Up 5.3%

KOF stock opened at $85.66 on Friday. The company's 50 day simple moving average is $84.15 and its 200-day simple moving average is $89.95. The firm has a market capitalization of $143.97 billion, a PE ratio of 15.00, a P/E/G ratio of 1.04 and a beta of 0.62. 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 company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.90.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted 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). The company had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.89 billion. Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. Equities analysts expect 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, October 14th will be paid a dividend of $1.0006 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This is an increase from Coca Cola Femsa's previous quarterly dividend of $0.87. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.7%. Coca Cola Femsa's dividend payout ratio is 63.05%.

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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