Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Sold by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. lowered its position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,591 shares of the company’s stock after selling 117 shares during the period. Legacy Financial Advisors Inc.’s holdings in Coca-Cola FEMSA were worth $308,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Goldman Sachs Group Inc. increased its position in 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 buying an additional 97,238 shares during the period. Price T Rowe Associates Inc. MD acquired a new position in shares of Coca-Cola FEMSA in the 1st quarter valued at $3,346,000. Quadrature Capital Ltd purchased a new stake in Coca-Cola FEMSA in the 1st quarter valued at $4,217,000. Corient Private Wealth LLC boosted its stake in Coca-Cola FEMSA by 1.2% during 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 period. Finally, Ballentine Partners LLC grew its position in Coca-Cola FEMSA by 20.5% during 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 Trading Down 2.1 %

NYSE KOF opened at $89.75 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $150.84 billion, a P/E ratio of 15.80, a P/E/G 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 firm has a 50-day moving average price of $87.55 and a 200 day moving average price of $91.25.

Coca-Cola FEMSA (NYSE:KOF) last issued its earnings results on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the prior year, the business posted $1.32 EPS. Equities research analysts expect 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 firm also recently announced a semi-annual dividend, which was paid on Friday, July 26th. Shareholders of record on Monday, July 15th were issued a $0.8325 dividend. This represents a yield of 3.7%. The ex-dividend date was Monday, July 15th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 13.20%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KOF. 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 report on Wednesday, July 10th. Barclays upped their price objective 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. 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently 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.