Commonwealth Equity Services LLC Sells 339 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Commonwealth Equity Services LLC trimmed its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 7.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,170 shares of the company’s stock after selling 339 shares during the period. Commonwealth Equity Services LLC’s holdings in Coca-Cola FEMSA were worth $358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of KOF. Goldman Sachs Group Inc. lifted its position in shares of Coca-Cola FEMSA by 7.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock worth $125,686,000 after acquiring an additional 97,238 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Coca-Cola FEMSA during the first quarter worth $4,217,000. Wellington Management Group LLP purchased a new stake in shares of Coca-Cola FEMSA during the fourth quarter worth $3,740,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Coca-Cola FEMSA during the first quarter worth $3,346,000. Finally, BNP Paribas Financial Markets lifted its position in shares of Coca-Cola FEMSA by 3,497.7% during the first quarter. BNP Paribas Financial Markets now owns 31,372 shares of the company’s stock worth $3,049,000 after acquiring an additional 30,500 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages recently issued reports on KOF. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Barclays increased their target price on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Finally, UBS Group reduced their target price on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $101.91.

Coca-Cola FEMSA Trading Down 2.1 %

Shares of KOF stock opened at $89.75 on Monday. Coca-Cola FEMSA, S.A.B. de C.V. has a 52-week low of $69.33 and a 52-week high of $104.38. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. The firm has a market capitalization of $150.84 billion, a PE ratio of 15.80, a PEG ratio of 0.70 and a beta of 0.85. The stock has a fifty day simple moving average of $87.55 and a two-hundred day simple moving average of $91.22.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings data on Monday, July 22nd. The company reported $1.55 EPS for the quarter, meeting the consensus estimate of $1.55. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm earned $1.32 EPS. On average, analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 EPS 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. Investors of record on Monday, July 15th were issued a dividend of $0.8325 per share. This represents a yield of 3.7%. The ex-dividend date of this dividend was Monday, July 15th. Coca-Cola FEMSA’s payout ratio is 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.