Envestnet Asset Management Inc. Has $19.03 Million Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Envestnet Asset Management Inc. grew its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 221,697 shares of the company’s stock after acquiring an additional 5,166 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Coca-Cola FEMSA were worth $19,030,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its position in Coca-Cola FEMSA by 7.9% in 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 during the 1st quarter valued at about $3,346,000. Quadrature Capital Ltd bought a new stake in Coca-Cola FEMSA in the first quarter valued at about $4,217,000. Corient Private Wealth LLC raised its position in Coca-Cola FEMSA by 1.2% in the fourth 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, Ballentine Partners LLC lifted its stake 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 during the period.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KOF. Barclays increased their target price on Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. UBS Group cut their price objective on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. One equities 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 data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $101.91.

Coca-Cola FEMSA Stock Performance

Coca-Cola FEMSA stock opened at $89.91 on Tuesday. The stock has a 50-day simple moving average of $87.62 and a 200 day simple moving average of $91.17. The stock has a market capitalization of $151.11 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 0.70 and a beta of 0.85. 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.

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 analysts’ consensus estimates 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 net margin of 8.16% and a return on equity of 16.23%. During the same period in the prior year, the business earned $1.32 earnings per share. On average, research analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 earnings per share for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 15th were paid a $0.8325 dividend. The ex-dividend date was Monday, July 15th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio (DPR) 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.