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 decreased its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 40.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,531 shares of the company's stock after selling 3,791 shares during the period. Vident Advisory LLC's holdings in Coca Cola Femsa were worth $505,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec acquired a new position in Coca Cola Femsa during the 1st quarter worth about $8,782,000. GAMMA Investing LLC lifted its stake in Coca Cola Femsa by 936.0% during the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the company's stock worth $533,000 after acquiring an additional 5,279 shares in the last quarter. HighTower Advisors LLC lifted its stake in Coca Cola Femsa by 90.1% during the 1st quarter. HighTower Advisors LLC now owns 8,229 shares of the company's stock worth $751,000 after acquiring an additional 3,900 shares in the last quarter. Ninety One UK Ltd acquired a new position in Coca Cola Femsa during the 1st quarter worth about $3,979,000. Finally, Leo Wealth LLC lifted its stake in Coca Cola Femsa by 26.3% during the 1st quarter. Leo Wealth LLC now owns 17,220 shares of the company's stock worth $1,572,000 after acquiring an additional 3,590 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on KOF shares. Zacks Research lowered Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Morgan Stanley raised Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Barclays set a $100.00 target price on Coca Cola Femsa and gave the stock an "overweight" rating in a research note on Thursday, July 31st. UBS Group increased their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Finally, Wall Street Zen lowered Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $105.50.

Coca Cola Femsa Stock Down 1.8%

NYSE:KOF traded down $1.54 during mid-day trading on Friday, hitting $85.76. The stock had a trading volume of 295,795 shares, compared to its average volume of 224,271. The stock has a 50-day simple moving average of $86.08 and a two-hundred day simple moving average of $90.81. The company has a market capitalization of $144.13 billion, a PE ratio of 15.02, a PEG ratio of 1.07 and a beta of 0.64. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $101.74. 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 issued 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 during the quarter, compared to analyst estimates of $3.89 billion. On average, equities research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 15th were paid a dividend of $0.874 per share. The ex-dividend date was Tuesday, July 15th. This represents a $3.50 annualized dividend and a yield of 4.1%. 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.