Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) Shares Bought by D Orazio & Associates Inc.

D Orazio & Associates Inc. lifted its holdings in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,680 shares of the company’s stock after buying an additional 138 shares during the period. D Orazio & Associates Inc.’s holdings in Coca-Cola FEMSA were worth $230,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KOF. Park Avenue Securities LLC lifted its position in Coca-Cola FEMSA by 4.4% during the 1st quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock worth $355,000 after acquiring an additional 153 shares during the period. Chase Investment Counsel Corp increased its stake in Coca-Cola FEMSA by 3.6% in the 1st quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock valued at $427,000 after buying an additional 154 shares during the period. Claro Advisors LLC raised its position in Coca-Cola FEMSA by 5.7% during the 1st quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock worth $308,000 after buying an additional 172 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Coca-Cola FEMSA by 1.2% in the 4th quarter. Corient Private Wealth LLC now owns 15,499 shares of the company’s stock worth $1,467,000 after acquiring an additional 187 shares during the period. Finally, Atomi Financial Group Inc. boosted its holdings in shares of Coca-Cola FEMSA by 6.1% in the first quarter. Atomi Financial Group Inc. now owns 4,226 shares of the company’s stock valued at $411,000 after acquiring an additional 242 shares in the last quarter.

Wall Street Analyst Weigh In

KOF has been the topic of a number of analyst reports. Barclays lifted their price objective on Coca-Cola FEMSA from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. UBS Group dropped their price objective 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. Finally, The Goldman Sachs Group raised shares of Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $101.91.

Coca-Cola FEMSA Price Performance

Coca-Cola FEMSA stock opened at $84.87 on Thursday. The firm has a market capitalization of $142.64 billion, a PE ratio of 14.94, a P/E/G ratio of 0.71 and a beta of 0.85. 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 firm’s 50-day simple moving average is $86.89 and its 200 day simple moving average is $91.65. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 0.51.

Coca-Cola FEMSA (NYSE:KOF) last announced its earnings results on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.55. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter in the previous year, the business posted $1.32 earnings per share. On average, equities research analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 EPS for the current fiscal year.

Coca-Cola FEMSA Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, July 26th. Stockholders of record on Monday, July 15th were given a $0.8325 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a dividend yield of 3.7%. Coca-Cola FEMSA’s dividend payout ratio is currently 13.20%.

Coca-Cola FEMSA Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages. The company offers sparkling beverages, including colas and flavored sparkling beverages; and waters and other beverages, such as juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, alcoholic beverages, and plant-based drinks.