Federated Hermes Inc. Has $15.76 Million Holdings in Coca Cola Femsa S.A.B. de C.V. $KOF

Federated Hermes Inc. lifted its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 23.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,650 shares of the company’s stock after acquiring an additional 35,477 shares during the period. Federated Hermes Inc.’s holdings in Coca Cola Femsa were worth $15,760,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on KOF shares. JPMorgan Chase & Co. cut shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 price target for the company. in a research note on Wednesday. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group lifted their price target on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a report on Friday, December 26th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $103.00.

Coca Cola Femsa Stock Performance

Shares of KOF stock opened at $104.26 on Friday. The company has a fifty day moving average price of $95.65 and a two-hundred day moving average price of $88.93. Coca Cola Femsa S.A.B. de C.V. has a one year low of $76.36 and a one year high of $109.06. The stock has a market cap of $174.81 billion, a P/E ratio of 18.16, a P/E/G ratio of 1.33 and a beta of 0.51. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.10 and a quick ratio of 0.90.

Coca Cola Femsa Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 8th were issued a dividend of $0.9979 per share. The ex-dividend date was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a yield of 3.8%. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 64.29%.

Coca Cola Femsa Company 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.