IFP Advisors Inc Raises Holdings in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Posted by Defense World Staff on May 18th, 2023

IFP Advisors Inc boosted its stake in shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF – Get Rating) by 74.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 740 shares of the company’s stock after purchasing an additional 316 shares during the quarter. IFP Advisors Inc’s holdings in Coca-Cola FEMSA were worth $57,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Kestra Advisory Services LLC increased its holdings in shares of Coca-Cola FEMSA by 6.9% in the 4th quarter. Kestra Advisory Services LLC now owns 10,582 shares of the company’s stock valued at $718,000 after acquiring an additional 684 shares during the last quarter. Pacer Advisors Inc. purchased a new position in shares of Coca-Cola FEMSA in the 4th quarter valued at about $157,000. Lazard Asset Management LLC increased its holdings in shares of Coca-Cola FEMSA by 25.4% in the 3rd quarter. Lazard Asset Management LLC now owns 512,587 shares of the company’s stock valued at $29,929,000 after acquiring an additional 103,966 shares during the last quarter. Prelude Capital Management LLC acquired a new stake in shares of Coca-Cola FEMSA in the 3rd quarter valued at about $1,878,000. Finally, Chase Investment Counsel Corp acquired a new stake in shares of Coca-Cola FEMSA in the 4th quarter valued at about $341,000. Hedge funds and other institutional investors own 1.27% of the company’s stock.

Coca-Cola FEMSA Trading Down 0.5 %

Shares of KOF opened at $88.51 on Thursday. The stock’s 50-day moving average is $82.37 and its two-hundred day moving average is $74.13. Coca-Cola FEMSA, S.A.B. de C.V. has a 12 month low of $51.96 and a 12 month high of $91.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.94 and a current ratio of 1.14.

Coca-Cola FEMSA (NYSE:KOF – Get Rating) last announced its earnings results on Thursday, February 23rd. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.63. Coca-Cola FEMSA had a return on equity of 15.88% and a net margin of 8.60%. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $3.07 billion. On average, research analysts anticipate that Coca-Cola FEMSA, S.A.B. de C.V. will post 5.05 earnings per share for the current fiscal year.

Coca-Cola FEMSA Announces Dividend

The company also recently disclosed a — dividend, which was paid on Monday, May 15th. Investors of record on Tuesday, May 2nd were issued a $1.6048 dividend. This represents a yield of 3.1%. The ex-dividend date of this dividend was Monday, May 1st. Coca-Cola FEMSA’s dividend payout ratio is currently 29.84%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on KOF. UBS Group cut Coca-Cola FEMSA from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $76.00 to $80.00 in a research report on Thursday, January 19th. JPMorgan Chase & Co. increased their price objective on Coca-Cola FEMSA from $69.00 to $77.00 and gave the stock a “neutral” rating in a research report on Thursday, January 26th. Bank of America raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating and raised their price target for the company from $137.00 to $157.00 in a report on Monday, January 23rd. Barclays raised their price target on Coca-Cola FEMSA from $77.00 to $91.00 in a report on Tuesday, April 18th. Finally, StockNews.com assumed coverage on Coca-Cola FEMSA in a research note on Thursday. They issued a “strong-buy” rating for the company. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola FEMSA currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.00.

Coca-Cola FEMSA Company Profile

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Coca-Cola FEMSA SAB de CV engages in the business of producing franchise bottles of trademark beverages. It operates under the Mexico and Central America, and South America segments. The Mexico and Central America segment includes Mexico, Guatemala, Nicaragua, Costa Rica, and Panama. The South America segment focuses on Colombia, Brazil, Argentina, and Uruguay.