Vise Technologies Inc. Invests $2.30 Million in Coca Cola Femsa S.A.B. de C.V. $KOF

Vise Technologies Inc. bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the second quarter, according to its most recent filing with the SEC. The firm bought 23,774 shares of the company’s stock, valued at approximately $2,300,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC grew its holdings in shares of Coca Cola Femsa by 19.7% during the second quarter. CWM LLC now owns 722 shares of the company’s stock valued at $70,000 after buying an additional 119 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Coca Cola Femsa by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company’s stock valued at $1,537,000 after purchasing an additional 149 shares during the last quarter. Ethic Inc. boosted its stake in Coca Cola Femsa by 3.4% during the 2nd quarter. Ethic Inc. now owns 4,699 shares of the company’s stock valued at $444,000 after purchasing an additional 154 shares during the last quarter. Ballentine Partners LLC increased its holdings in Coca Cola Femsa by 7.7% during the 2nd quarter. Ballentine Partners LLC now owns 2,413 shares of the company’s stock worth $233,000 after purchasing an additional 173 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of Coca Cola Femsa by 5.4% in the second quarter. QRG Capital Management Inc. now owns 4,245 shares of the company’s stock worth $411,000 after purchasing an additional 217 shares during the last quarter.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KOF shares. Zacks Research downgraded Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 24th. JPMorgan Chase & Co. reduced their target price on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. Weiss Ratings downgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Wall Street Zen cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Barclays decreased their price objective on shares of Coca Cola Femsa from $100.00 to $98.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $105.33.

Coca Cola Femsa Trading Down 1.5%

NYSE:KOF opened at $88.83 on Tuesday. Coca Cola Femsa S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $101.74. The company has a current ratio of 1.10, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $84.65 and its 200 day moving average is $88.90. The stock has a market capitalization of $149.29 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61.

Coca Cola Femsa (NYSE:KOF) last issued its earnings results on Friday, October 24th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.03. Coca Cola Femsa had a return on equity of 15.79% and a net margin of 8.13%.The firm had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.96 billion. Sell-side analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th were issued a dividend of $1.0006 per share. This represents a $4.00 annualized dividend and a yield of 4.5%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Tuesday, October 14th. Coca Cola Femsa’s payout ratio is currently 62.54%.

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.