The Manufacturers Life Insurance Company Lowers Holdings in Coca Cola Femsa S.A.B. de C.V. $KOF

The Manufacturers Life Insurance Company reduced its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 6.5% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 174,563 shares of the company’s stock after selling 12,180 shares during the period. The Manufacturers Life Insurance Company’s holdings in Coca Cola Femsa were worth $17,029,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Coca Cola Femsa by 482.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after buying an additional 275 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Coca Cola Femsa by 79.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after buying an additional 153 shares during the last quarter. Whipplewood Advisors LLC grew its holdings in Coca Cola Femsa by 862.2% during the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after acquiring an additional 388 shares during the period. Farther Finance Advisors LLC grew its holdings in Coca Cola Femsa by 490.7% during the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after acquiring an additional 422 shares during the period. Finally, Global Retirement Partners LLC raised its position in Coca Cola Femsa by 138.9% during the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock valued at $49,000 after acquiring an additional 300 shares in the last quarter.

Coca Cola Femsa Trading Down 0.7%

Shares of NYSE:KOF opened at $108.37 on Friday. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $80.22 and a 1 year high of $116.36. The firm has a market capitalization of $182.13 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 1.32 and a beta of 0.53. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.91. The business’s 50 day moving average price is $106.25 and its 200-day moving average price is $104.75.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The company had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. On average, equities research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.75 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were given a $1.1248 dividend. This represents a $4.50 annualized dividend and a dividend yield of 4.2%. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. Coca Cola Femsa’s dividend payout ratio (DPR) is 62.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on KOF shares. Barclays boosted their target price on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday. UBS Group cut their price objective on shares of Coca Cola Femsa from $113.00 to $110.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. JPMorgan Chase & Co. upped their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Finally, HSBC restated a “hold” rating and set a $116.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Coca Cola Femsa presently has an average rating of “Hold” and an average target price of $118.33.

About Coca Cola Femsa

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.