Federated Hermes Inc. Has $4.53 Million Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Federated Hermes Inc. cut its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,726 shares of the company’s stock after selling 3,061 shares during the period. Federated Hermes Inc.’s holdings in Coca-Cola FEMSA were worth $4,526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. D Orazio & Associates Inc. lifted its holdings in shares of Coca-Cola FEMSA by 5.4% during the 2nd quarter. D Orazio & Associates Inc. now owns 2,680 shares of the company’s stock valued at $230,000 after purchasing an additional 138 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Coca-Cola FEMSA by 4.4% in the first quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock valued at $355,000 after buying an additional 153 shares in the last quarter. Chase Investment Counsel Corp boosted its holdings in shares of 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 buying an additional 154 shares during the period. Claro Advisors LLC boosted its holdings in shares of Coca-Cola FEMSA by 5.7% in the first quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock valued at $308,000 after buying an additional 172 shares during the period. Finally, Corient Private Wealth LLC increased its position in shares of Coca-Cola FEMSA by 1.2% during the fourth quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock worth $1,467,000 after acquiring an additional 187 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. UBS Group reduced their target price on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Barclays upped their price objective on Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. One 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $101.91.

Coca-Cola FEMSA Stock Performance

Shares of NYSE:KOF opened at $91.00 on Thursday. The company’s 50-day moving average price is $87.31 and its two-hundred day moving average price is $91.34. 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 has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. The stock has a market capitalization of $152.94 billion, a PE ratio of 16.03, a price-to-earnings-growth ratio of 0.70 and a beta of 0.85.

Coca-Cola FEMSA (NYSE:KOF) last released its earnings results on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the business earned $1.32 earnings per share. On average, equities analysts forecast 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 business also recently disclosed a semi-annual dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 15th were issued a $0.8325 dividend. This represents a dividend yield of 3.7%. The ex-dividend date was Monday, July 15th. Coca-Cola FEMSA’s 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.