Sterling Investment Management LLC Takes $849,000 Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Sterling Investment Management LLC bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 10,217 shares of the company’s stock, valued at approximately $849,000.

A number of other institutional investors have also bought and sold shares of KOF. Boston Partners lifted its position in shares of Coca Cola Femsa by 4,404.3% in the second quarter. Boston Partners now owns 1,681,955 shares of the company’s stock valued at $162,665,000 after acquiring an additional 1,644,614 shares in the last quarter. Auto Owners Insurance Co lifted its holdings in Coca Cola Femsa by 5,257.1% in the 2nd quarter. Auto Owners Insurance Co now owns 300,000 shares of the company’s stock worth $29,019,000 after purchasing an additional 294,400 shares in the last quarter. Bank of America Corp DE boosted its stake in Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after purchasing an additional 274,894 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Coca Cola Femsa in the second quarter worth about $5,539,000. Finally, Ramirez Asset Management Inc. increased its holdings in shares of Coca Cola Femsa by 98.4% in the second quarter. Ramirez Asset Management Inc. now owns 104,723 shares of the company’s stock worth $10,130,000 after purchasing an additional 51,932 shares during the last quarter.

Coca Cola Femsa Stock Performance

Coca Cola Femsa stock opened at $94.86 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90. The firm has a market capitalization of $159.43 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.42 and a beta of 0.51. Coca Cola Femsa S.A.B. de C.V. has a 1-year low of $72.68 and a 1-year high of $101.74. The company’s 50-day moving average is $89.83 and its 200 day moving average is $87.89.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Friday, October 24th. The company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%.The firm had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were issued a $0.9979 dividend. The ex-dividend date was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 4.2%. Coca Cola Femsa’s dividend payout ratio is presently 64.29%.

Analyst Ratings Changes

Several research firms have weighed in on KOF. UBS Group cut their price target on Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. JPMorgan Chase & Co. reduced their price target on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday. Finally, Barclays restated an “equal weight” rating and set a $98.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, December 2nd. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Coca Cola Femsa has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

Coca Cola Femsa Profile

Coca‑Cola FEMSA (NYSE: KOF) is a large multinational beverage bottler and distributor operating primarily in Mexico and across multiple markets in Latin America. As a principal franchise bottler for The Coca‑Cola Company, the firm is responsible for producing, packaging, marketing and distributing Coca‑Cola branded beverages and a wide range of nonalcoholic drinks to retail and foodservice customers throughout its territories.

The company’s product portfolio includes carbonated soft drinks, bottled water, juices, ready‑to‑drink teas and coffees, sports and energy drinks, and other noncarbonated beverages.