Public Employees Retirement System of Ohio Lowers Stock Holdings in Coca Cola Femsa S.A.B. de C.V. $KOF

Public Employees Retirement System of Ohio lowered its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 27.6% in the first quarter, Holdings Channel.com reports. The firm owned 21,442 shares of the company’s stock after selling 8,186 shares during the period. Public Employees Retirement System of Ohio’s holdings in Coca Cola Femsa were worth $2,092,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after buying an additional 274,894 shares during the last quarter. Deutsche Bank AG lifted its position in Coca Cola Femsa by 8,190.2% during the fourth quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock valued at $11,118,000 after buying an additional 115,973 shares in the last quarter. Invesco Ltd. grew its stake in Coca Cola Femsa by 34.6% during the third quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock worth $25,035,000 after buying an additional 77,475 shares during the period. Jump Financial LLC purchased a new stake in Coca Cola Femsa during the third quarter worth approximately $3,712,000. Finally, Raymond James Financial Inc. increased its position in shares of Coca Cola Femsa by 163.7% in the second quarter. Raymond James Financial Inc. now owns 70,936 shares of the company’s stock worth $6,862,000 after acquiring an additional 44,039 shares in the last quarter.

Coca Cola Femsa Trading Down 0.7%

Shares of NYSE KOF opened at $108.37 on Friday. The company has a quick ratio of 0.91, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. The stock’s 50 day moving average price is $106.25 and its two-hundred day moving average price is $104.75. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $80.22 and a 52-week high of $116.36. The stock has a market capitalization of $182.13 billion, a P/E ratio of 17.09, a PEG ratio of 1.32 and a beta of 0.53.

Coca Cola Femsa (NYSE:KOF) last issued its 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 return on equity of 15.83% and a net margin of 8.05%. On average, analysts anticipate 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 firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were paid a dividend of $1.1248 per share. The ex-dividend date was Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a yield of 4.2%. Coca Cola Femsa’s payout ratio is presently 62.15%.

Wall Street Analyst Weigh In

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

Coca Cola Femsa Profile

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.