Public Employees Retirement System of Ohio Cuts Stake in Coca Cola Femsa S.A.B. de C.V. $KOF

Public Employees Retirement System of Ohio lessened its position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 27.6% in the 1st quarter, according to its most recent filing with the SEC. 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 reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in KOF. Caitong International Asset Management Co. Ltd increased its position in Coca Cola Femsa by 482.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 275 shares during the period. Smartleaf Asset Management LLC grew its holdings in Coca Cola Femsa by 79.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after acquiring an additional 153 shares during the period. Whipplewood Advisors LLC raised its position in Coca Cola Femsa by 862.2% in the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after acquiring an additional 388 shares in the last quarter. Farther Finance Advisors LLC raised its position in Coca Cola Femsa by 490.7% in 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 in the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Coca Cola Femsa by 138.9% in 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 during the period.

Wall Street Analyst Weigh In

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

Coca Cola Femsa Stock Down 0.7%

Coca Cola Femsa stock opened at $108.37 on Friday. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $80.22 and a fifty-two week 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 stock’s fifty day moving average is $106.25 and its two-hundred day moving average is $104.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 1.04.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The business had revenue of $4.36 billion for the quarter. Analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.75 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were paid a dividend of $1.1248 per share. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.2%. Coca Cola Femsa’s dividend payout ratio is 62.15%.

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.