958 Shares in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC bought a new position in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 958 shares of the company’s stock, valued at approximately $85,000.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC boosted its position in shares of Coca-Cola FEMSA by 37.3% in the third quarter. CWM LLC now owns 1,171 shares of the company’s stock worth $104,000 after acquiring an additional 318 shares during the last quarter. Atomi Financial Group Inc. boosted its position in shares of Coca-Cola FEMSA by 7.2% in the third quarter. Atomi Financial Group Inc. now owns 4,077 shares of the company’s stock worth $362,000 after buying an additional 275 shares during the period. GAMMA Investing LLC increased its stake in Coca-Cola FEMSA by 56.2% during the 3rd quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after buying an additional 196 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Coca-Cola FEMSA during the 2nd quarter worth approximately $1,528,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Coca-Cola FEMSA in the 2nd quarter worth about $1,317,000.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KOF shares. The Goldman Sachs Group upgraded shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research report on Tuesday, September 3rd. Barclays lifted their target price 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, UBS Group cut their price target on Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. One 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, the company has an average rating of “Buy” and a consensus price target of $101.91.

Coca-Cola FEMSA Stock Down 0.3 %

KOF opened at $86.89 on Tuesday. The stock has a market cap of $146.03 billion, a P/E ratio of 15.30, a P/E/G ratio of 0.71 and a beta of 0.86. The stock’s 50 day moving average price is $87.93 and its 200 day moving average price is $90.26. 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. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.55. The company had revenue of $4.03 billion for the quarter, compared to analysts’ expectations 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 last year, the firm earned $1.32 EPS. As a group, research analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 earnings per share for the current year.

Coca-Cola FEMSA Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Friday, October 25th. Investors of record on Monday, October 14th will be issued a $0.7811 dividend. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Monday, October 14th. Coca-Cola FEMSA’s payout ratio is 12.32%.

About Coca-Cola FEMSA

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.