Mercer Global Advisors Inc. ADV Trims Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Mercer Global Advisors Inc. ADV trimmed its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,548 shares of the company’s stock after selling 386 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Coca-Cola FEMSA were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings 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 purchasing an additional 97,238 shares during the period. Price T Rowe Associates Inc. MD acquired a new stake in shares of Coca-Cola FEMSA in the 1st quarter worth $3,346,000. Quadrature Capital Ltd purchased a new stake in shares of Coca-Cola FEMSA in the first quarter valued at about $4,217,000. Corient Private Wealth LLC increased its stake 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 during the period. Finally, Ballentine Partners LLC raised its holdings in Coca-Cola FEMSA by 20.5% during the first quarter. Ballentine Partners LLC now owns 2,664 shares of the company’s stock worth $259,000 after purchasing an additional 453 shares in the last quarter.

Analysts Set New Price Targets

KOF has been the topic of several recent analyst reports. Barclays boosted their target price 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. UBS Group dropped their price objective on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $101.91.

Coca-Cola FEMSA Stock Performance

KOF opened at $91.93 on Friday. Coca-Cola FEMSA, S.A.B. de C.V. has a 1-year low of $69.33 and a 1-year high of $104.38. The stock has a market cap of $154.50 billion, a P/E ratio of 16.18, a P/E/G ratio of 0.74 and a beta of 0.85. The stock’s 50 day simple moving average is $87.87 and its 200 day simple moving average is $91.14. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87.

Coca-Cola FEMSA (NYSE:KOF) last posted its 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 quarter in the prior year, the company earned $1.32 earnings per share. As a group, equities analysts anticipate 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 announced a semi-annual dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 15th were given a dividend of $0.8325 per share. This represents a yield of 3.7%. The ex-dividend date was Monday, July 15th. Coca-Cola FEMSA’s payout ratio is currently 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.