Ashton Thomas Private Wealth LLC Invests $32,000 in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Ashton Thomas Private Wealth LLC purchased a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 371 shares of the company’s stock, valued at approximately $32,000.

A number of other institutional investors also recently modified their holdings of KOF. Park Avenue Securities LLC increased its holdings in Coca-Cola FEMSA by 4.4% in the 1st quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock worth $355,000 after purchasing an additional 153 shares in the last quarter. Chase Investment Counsel Corp increased its holdings in Coca-Cola FEMSA by 3.6% in the 1st quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock worth $427,000 after purchasing an additional 154 shares in the last quarter. Claro Advisors LLC increased its holdings in Coca-Cola FEMSA by 5.7% in the 1st quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock worth $308,000 after purchasing an additional 172 shares in the last quarter. Corient Private Wealth LLC increased its holdings in 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 in the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in Coca-Cola FEMSA by 6.1% in the 1st quarter. Atomi Financial Group Inc. now owns 4,226 shares of the company’s stock worth $411,000 after purchasing an additional 242 shares in the last quarter.

Coca-Cola FEMSA Stock Up 2.2 %

Shares of NYSE:KOF opened at $89.31 on Tuesday. The business’s 50 day simple moving average is $87.15 and its two-hundred day simple moving average is $91.38. The firm has a market cap of $150.10 billion, a P/E ratio of 15.72, a PEG ratio of 0.70 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.87 and a current ratio of 1.05. 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 issued its quarterly earnings data on Monday, July 22nd. The company reported $1.55 EPS for the quarter, hitting the consensus estimate 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 posted $1.32 earnings per share. As a group, research 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 firm also recently declared a semi-annual dividend, which was paid on Friday, July 26th. Investors of record on Monday, July 15th were given a dividend of $0.8325 per share. This represents a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, July 15th. Coca-Cola FEMSA’s payout ratio is 13.20%.

Analysts Set New Price Targets

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

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.