SG Americas Securities LLC Purchases Shares of 1,960 Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

SG Americas Securities LLC acquired a new position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) in the second quarter, HoldingsChannel reports. The firm acquired 1,960 shares of the company’s stock, valued at approximately $168,000.

Other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its position in Coca-Cola FEMSA by 49.9% during the second quarter. CWM LLC now owns 853 shares of the company’s stock valued at $73,000 after buying an additional 284 shares during the period. Bright Futures Wealth Management LLC. purchased a new stake in Coca-Cola FEMSA during the 1st quarter valued at about $680,000. Cetera Advisors LLC grew its position in Coca-Cola FEMSA by 61.9% during the 1st quarter. Cetera Advisors LLC now owns 5,196 shares of the company’s stock worth $505,000 after acquiring an additional 1,987 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Coca-Cola FEMSA in the 1st quarter worth approximately $3,346,000. Finally, Quadrature Capital Ltd bought a new stake in Coca-Cola FEMSA in the first quarter valued at approximately $4,217,000.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. 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 note on Wednesday, July 10th. Barclays boosted their price objective on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola FEMSA currently has a consensus rating of “Buy” and a consensus target price of $101.91.

Coca-Cola FEMSA Stock Performance

Shares of KOF stock opened at $89.43 on Friday. The stock has a fifty day moving average of $86.51 and a 200 day moving average of $92.91. The firm has a market capitalization of $150.30 billion, a price-to-earnings ratio of 15.74, a PEG ratio of 0.74 and a beta of 0.87. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. 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.

Coca-Cola FEMSA (NYSE:KOF) last released its quarterly earnings results on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, meeting the consensus estimate of $1.55. The company had revenue of $4.03 billion for the quarter, compared to analyst estimates of $3.76 billion. Coca-Cola FEMSA had a return on equity of 16.23% and a net margin of 8.16%. During the same period in the previous year, the company posted $1.32 earnings per share. As a group, research analysts expect that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.59 earnings per share for the current 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 (DPR) is presently 13.20%.

About Coca-Cola FEMSA

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.