Vident Advisory LLC Decreases Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Vident Advisory LLC reduced its holdings in Coca Cola Femsa S.A.B. de C.V. by 40.7% in the first quarter, now owning 5,531 shares valued at $505,000.
• In the first quarter, several large investors made significant changes to their positions, including Itau Unibanco, which purchased a $88.6 million stake in Coca Cola Femsa.
• The stock's average rating among analysts is a "Moderate Buy" with a consensus target price of $105.50, reflecting mixed sentiments following recent earnings that missed analysts' expectations.

Vident Advisory LLC reduced its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 40.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,531 shares of the company's stock after selling 3,791 shares during the quarter. Vident Advisory LLC's holdings in Coca Cola Femsa were worth $505,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec purchased a new position in Coca Cola Femsa in the 1st quarter worth approximately $8,782,000. GAMMA Investing LLC raised its holdings in Coca Cola Femsa by 936.0% during the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the company's stock valued at $533,000 after buying an additional 5,279 shares during the last quarter. HighTower Advisors LLC boosted its position in Coca Cola Femsa by 90.1% during the 1st quarter. HighTower Advisors LLC now owns 8,229 shares of the company's stock valued at $751,000 after buying an additional 3,900 shares during the period. Ninety One UK Ltd bought a new stake in Coca Cola Femsa in the 1st quarter worth $3,979,000. Finally, Leo Wealth LLC increased its position in shares of Coca Cola Femsa by 26.3% in the first quarter. Leo Wealth LLC now owns 17,220 shares of the company's stock valued at $1,572,000 after acquiring an additional 3,590 shares during the period.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research lowered shares of Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. UBS Group boosted 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 report on Tuesday, July 8th. Wall Street Zen lowered shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Barclays set a $100.00 target price on Coca Cola Femsa and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $105.50.

Coca Cola Femsa Stock Performance

Coca Cola Femsa stock traded down $0.54 during trading on Tuesday, reaching $84.00. The company had a trading volume of 186,649 shares, compared to its average volume of 218,218. The firm's 50-day simple moving average is $86.76 and its 200 day simple moving average is $90.87. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $141.17 billion, a price-to-earnings ratio of 14.71, a price-to-earnings-growth ratio of 1.03 and a beta of 0.64. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $72.68 and a 52 week high of $101.74.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.22). The business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.89 billion. Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%. Sell-side 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 was paid on Monday, July 28th. Investors of record on Tuesday, July 15th were given a dividend of $0.874 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a yield of 4.2%. Coca Cola Femsa's dividend payout ratio (DPR) is presently 60.42%.

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.