Robeco Institutional Asset Management B.V. Sells 106,101 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

Robeco Institutional Asset Management B.V. cut its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 8.5% during the 2nd quarter, Holdings Channel reports. The fund owned 1,139,269 shares of the company’s stock after selling 106,101 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Coca Cola Femsa were worth $110,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in KOF. Bruce G. Allen Investments LLC purchased a new position in Coca Cola Femsa during the second quarter valued at approximately $44,000. Wayfinding Financial LLC bought a new stake in Coca Cola Femsa in the 1st quarter valued at $41,000. NBC Securities Inc. purchased a new stake in shares of Coca Cola Femsa in the first quarter worth about $76,000. GHP Investment Advisors Inc. purchased a new stake in shares of Coca Cola Femsa during the 1st quarter worth approximately $83,000. Finally, ORG Wealth Partners LLC lifted its position in Coca Cola Femsa by 36.3% during the first quarter. ORG Wealth Partners LLC now owns 992 shares of the company’s stock valued at $93,000 after purchasing an additional 264 shares during the last quarter.

Coca Cola Femsa Stock Performance

Shares of NYSE KOF opened at $82.21 on Friday. 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 current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. The stock has a market cap of $138.16 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 1.05 and a beta of 0.63. The company has a 50 day simple moving average of $84.40 and a two-hundred day simple moving average of $90.48.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.22). The company had revenue of $3.74 billion for 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%. As a group, analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current 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 issued 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 4.3%. Coca Cola Femsa’s dividend payout ratio is 60.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KOF. Zacks Research cut Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 24th. JPMorgan Chase & Co. reduced their target price on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Wall Street Zen downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. UBS Group boosted their price objective on shares of 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, Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the company an “overweight” rating in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the 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 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.