Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Purchased by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. raised its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 13.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 508,967 shares of the company’s stock after buying an additional 62,282 shares during the period. Coca-Cola FEMSA makes up about 1.8% of Itau Unibanco Holding S.A.’s holdings, making the stock its 18th biggest holding. Itau Unibanco Holding S.A.’s holdings in Coca-Cola FEMSA were worth $42,025,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KOF. Goldman Sachs Group Inc. raised its position in shares of Coca-Cola FEMSA by 7.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,328,045 shares of the company’s stock valued at $125,686,000 after purchasing an additional 97,238 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Coca-Cola FEMSA in the first quarter valued at $3,346,000. Quadrature Capital Ltd acquired a new position in Coca-Cola FEMSA during the 1st quarter worth $4,217,000. Corient Private Wealth LLC increased its position in shares of Coca-Cola FEMSA by 1.2% in the 4th quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock worth $1,467,000 after purchasing an additional 187 shares during the last quarter. Finally, Ballentine Partners LLC increased its position in shares of Coca-Cola FEMSA by 20.5% in the 1st quarter. Ballentine Partners LLC now owns 2,664 shares of the company’s stock worth $259,000 after purchasing an additional 453 shares during the last quarter.

Coca-Cola FEMSA Stock Down 2.1 %

NYSE:KOF opened at $89.75 on Friday. The firm has a market capitalization of $150.84 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 0.70 and a beta of 0.85. 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 current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $87.55 and a 200-day moving average of $91.25.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings data on Monday, July 22nd. The company reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate 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 prior year, the business earned $1.32 EPS. Analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 15th were given a $0.8325 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio is presently 13.20%.

Analyst Ratings Changes

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

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.