Sterling Investment Management LLC Buys New Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Sterling Investment Management LLC purchased a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,217 shares of the company’s stock, valued at approximately $849,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in shares of Coca Cola Femsa by 230,700.0% in the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after purchasing an additional 2,307 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Coca Cola Femsa by 211.4% during the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after buying an additional 3,351 shares during the last quarter. Ascent Group LLC bought a new stake in Coca Cola Femsa in the 1st quarter worth about $249,000. Strs Ohio purchased a new position in Coca Cola Femsa in the 1st quarter worth about $1,455,000. Finally, Gradient Investments LLC raised its position in Coca Cola Femsa by 18.7% in the 2nd quarter. Gradient Investments LLC now owns 7,627 shares of the company’s stock worth $738,000 after buying an additional 1,200 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on KOF. Zacks Research upgraded shares of Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Wall Street Zen upgraded shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research note on Saturday. Barclays restated an “equal weight” rating and issued a $98.00 price target on shares of Coca Cola Femsa in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. reduced their price objective on Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a research report on Monday, September 15th. Finally, UBS Group dropped their target price on Coca Cola Femsa from $113.00 to $109.00 and set a “buy” rating on the stock in a research report on Wednesday, November 12th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $104.00.

Coca Cola Femsa Price Performance

Shares of Coca Cola Femsa stock opened at $94.86 on Wednesday. The stock has a market cap of $159.43 billion, a P/E ratio of 16.53, a P/E/G ratio of 1.42 and a beta of 0.51. 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’s fifty day moving average is $89.83 and its 200 day moving average is $87.89. Coca Cola Femsa S.A.B. de C.V. has a one year low of $72.68 and a one year high of $101.74.

Coca Cola Femsa (NYSE:KOF) last released its quarterly 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 business had revenue of $3.88 billion during the quarter, compared to analyst estimates of $3.96 billion. Sell-side analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca Cola Femsa Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Monday, December 8th were issued a $0.9979 dividend. This represents a $3.99 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Monday, December 8th. Coca Cola Femsa’s dividend payout ratio is currently 64.29%.

Coca Cola Femsa Company 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.