Savant Capital LLC Has $562,000 Stock Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Savant Capital LLC increased its holdings in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 11.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,813 shares of the company’s stock after buying an additional 591 shares during the quarter. Savant Capital LLC’s holdings in Coca Cola Femsa were worth $562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec acquired a new stake in Coca Cola Femsa during the 1st quarter worth approximately $8,782,000. HighTower Advisors LLC increased its position in shares of Coca Cola Femsa by 90.1% during the first quarter. HighTower Advisors LLC now owns 8,229 shares of the company’s stock worth $751,000 after acquiring an additional 3,900 shares in the last quarter. Park Avenue Securities LLC acquired a new stake in shares of Coca Cola Femsa during the second quarter worth $308,000. FCG Investment Co bought a new stake in Coca Cola Femsa in the 2nd quarter valued at $1,013,000. Finally, Banco BTG Pactual S.A. acquired a new position in Coca Cola Femsa in the 1st quarter worth $2,191,000.

Analysts Set New Price Targets

KOF has been the topic of several recent research reports. UBS Group dropped their price target on Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating on the stock in a research note on Wednesday. Barclays dropped their target price on Coca Cola Femsa from $100.00 to $98.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Wall Street Zen cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research report on Monday, September 15th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and an average price target of $104.00.

Coca Cola Femsa Stock Performance

Shares of NYSE KOF opened at $87.87 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10. The stock has a 50 day moving average price of $85.14 and a 200 day moving average price of $88.76. The stock has a market capitalization of $147.68 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.08 and a beta of 0.61. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $72.68 and a 52 week high of $101.74.

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

Coca Cola Femsa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Tuesday, October 14th were given a $1.0006 dividend. 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.6%. Coca Cola Femsa’s payout ratio is 62.54%.

Coca Cola Femsa 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.