Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 5.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 34,305 shares of the company’s stock after buying an additional 1,815 shares during the period. Ritholtz Wealth Management’s holdings in Coca-Cola FEMSA were worth $2,945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Park Avenue Securities LLC lifted its stake in shares of Coca-Cola FEMSA by 4.4% during the 1st quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock worth $355,000 after purchasing an additional 153 shares during the period. Chase Investment Counsel Corp increased its stake in Coca-Cola FEMSA by 3.6% in the first quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock valued at $427,000 after purchasing an additional 154 shares during the last quarter. Claro Advisors LLC lifted its position in Coca-Cola FEMSA by 5.7% during the first quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock worth $308,000 after buying an additional 172 shares during the period. Corient Private Wealth LLC boosted its stake in Coca-Cola FEMSA by 1.2% in the 4th quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock worth $1,467,000 after buying an additional 187 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its holdings in Coca-Cola FEMSA by 6.1% in the 1st quarter. Atomi Financial Group Inc. now owns 4,226 shares of the company’s stock valued at $411,000 after buying an additional 242 shares during the period.

Analyst Ratings Changes

Several research firms recently issued reports on KOF. UBS Group decreased their target price on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Barclays increased their target price on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola FEMSA currently has a consensus rating of “Buy” and a consensus price target of $101.91.

Coca-Cola FEMSA Stock Performance

Shares of KOF stock opened at $84.24 on Monday. The stock has a market capitalization of $141.58 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 0.69 and a beta of 0.87. Coca-Cola FEMSA, S.A.B. de C.V. has a one year low of $69.33 and a one year high of $104.38. The company’s 50-day simple moving average is $86.66 and its 200-day simple moving average is $92.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Monday, July 22nd. The company reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter last year, the business posted $1.32 EPS. Equities analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 15th were issued a $0.8325 dividend. This represents a yield of 3.7%. The ex-dividend date was Monday, July 15th. Coca-Cola FEMSA’s dividend payout ratio is presently 13.20%.

Coca-Cola FEMSA Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.