Fort Washington Investment Advisors Inc. OH Trims Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Fort Washington Investment Advisors Inc. OH lessened its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 3.3% in the second quarter, Holdings Channel reports. The fund owned 496,545 shares of the company’s stock after selling 17,025 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Coca Cola Femsa were worth $48,031,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Coca Cola Femsa by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company’s stock worth $1,537,000 after buying an additional 149 shares in the last quarter. Ballentine Partners LLC increased its position in Coca Cola Femsa by 7.7% in the second quarter. Ballentine Partners LLC now owns 2,413 shares of the company’s stock worth $233,000 after buying an additional 173 shares in the last quarter. ORG Wealth Partners LLC increased its position in Coca Cola Femsa by 36.3% in the first quarter. ORG Wealth Partners LLC now owns 992 shares of the company’s stock worth $93,000 after buying an additional 264 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in Coca Cola Femsa by 9.7% in the first quarter. Cornerstone Wealth Management LLC now owns 3,531 shares of the company’s stock worth $322,000 after buying an additional 312 shares in the last quarter. Finally, Legacy Financial Advisors Inc. increased its position in Coca Cola Femsa by 9.6% in the first quarter. Legacy Financial Advisors Inc. now owns 3,773 shares of the company’s stock worth $344,000 after buying an additional 330 shares in the last quarter.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Morgan Stanley upgraded Coca Cola Femsa from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. dropped their price objective on Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Zacks Research lowered Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a research note on Wednesday. UBS Group upped their price objective on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, Wall Street Zen lowered Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.00.

Coca Cola Femsa Price Performance

Shares of Coca Cola Femsa stock opened at $84.34 on Friday. The stock has a 50 day moving average of $84.81 and a 200 day moving average of $90.66. 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 firm has a market cap of $141.75 billion, a PE ratio of 14.77, a PEG ratio of 1.07 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) last announced 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). 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. On average, research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Dividend Announcement

The company also recently declared 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 of this dividend was Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a yield of 4.1%. Coca Cola Femsa’s dividend 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.