Castleview Partners LLC Increases Stock Position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Castleview Partners LLC raised its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 186.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,114 shares of the company’s stock after acquiring an additional 2,025 shares during the period. Castleview Partners LLC’s holdings in Coca-Cola FEMSA were worth $276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KOF. Itau Unibanco Holding S.A. grew its position in Coca-Cola FEMSA by 13.9% during the second quarter. Itau Unibanco Holding S.A. now owns 508,967 shares of the company’s stock valued at $42,025,000 after buying an additional 62,282 shares during the period. Envestnet Asset Management Inc. boosted its stake in Coca-Cola FEMSA by 2.4% during the second quarter. Envestnet Asset Management Inc. now owns 221,697 shares of the company’s stock valued at $19,030,000 after buying an additional 5,166 shares during the last quarter. Sei Investments Co. grew its holdings in shares of Coca-Cola FEMSA by 7.7% in the second quarter. Sei Investments Co. now owns 167,276 shares of the company’s stock valued at $14,359,000 after purchasing an additional 11,920 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Coca-Cola FEMSA by 3.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 145,059 shares of the company’s stock worth $12,447,000 after buying an additional 4,742 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in Coca-Cola FEMSA by 2.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 110,410 shares of the company’s stock worth $10,732,000 after acquiring an additional 2,233 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on KOF. UBS Group cut their price target on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. The Goldman Sachs Group upgraded Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. Finally, Barclays upped 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. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $101.91.

Coca-Cola FEMSA Stock Down 0.9 %

Coca-Cola FEMSA stock traded down $0.77 during midday trading on Monday, reaching $86.07. The company’s stock had a trading volume of 22,513 shares, compared to its average volume of 167,860. The stock has a market capitalization of $144.66 billion, a P/E ratio of 15.29, a PEG ratio of 0.71 and a beta of 0.86. 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 company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. The stock’s 50-day simple moving average is $87.97 and its 200-day simple moving average is $90.05.

Coca-Cola FEMSA (NYSE:KOF) last posted its quarterly earnings results on Monday, July 22nd. The company reported $1.55 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the business earned $1.32 EPS. On average, sell-side 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 disclosed a semi-annual dividend, which will be paid on Friday, October 25th. Stockholders 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 is Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is currently 12.32%.

Coca-Cola FEMSA Company Profile

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.