Cetera Investment Advisers Has $996,000 Stock Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Cetera Investment Advisers raised its holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 5.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,599 shares of the company’s stock after purchasing an additional 629 shares during the quarter. Cetera Investment Advisers’ holdings in Coca-Cola FEMSA were worth $996,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Chase Investment Counsel Corp boosted its holdings in shares of Coca-Cola FEMSA by 4.4% in the 2nd quarter. Chase Investment Counsel Corp now owns 4,595 shares of the company’s stock valued at $394,000 after purchasing an additional 192 shares in the last quarter. Creative Planning boosted its holdings in shares of Coca-Cola FEMSA by 13.7% in the 2nd quarter. Creative Planning now owns 9,842 shares of the company’s stock valued at $845,000 after purchasing an additional 1,184 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of Coca-Cola FEMSA by 5.3% in the 2nd quarter. Kathmere Capital Management LLC now owns 5,137 shares of the company’s stock valued at $441,000 after purchasing an additional 258 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Coca-Cola FEMSA in the 2nd quarter valued at $7,708,000. Finally, Itau Unibanco Holding S.A. boosted its holdings in shares of Coca-Cola FEMSA by 13.9% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock valued at $42,025,000 after purchasing an additional 62,282 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on KOF. 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 report on Wednesday, July 10th. Barclays raised their price objective on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola FEMSA has a consensus rating of “Buy” and a consensus target price of $101.91.

Coca-Cola FEMSA Stock Down 0.6 %

Shares of NYSE:KOF opened at $86.84 on Friday. The firm has a market cap of $145.95 billion, a P/E ratio of 15.29, a P/E/G ratio of 0.71 and a beta of 0.86. 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 12-month low of $69.33 and a 12-month high of $104.38. The business has a fifty day simple moving average of $87.99 and a 200 day simple moving average of $90.15.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. The business had revenue of $4.03 billion during 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 last year, the company earned $1.32 EPS. Analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 14th will be given a dividend of $0.7811 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend is Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio is currently 12.32%.

Coca-Cola FEMSA Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.