Leo Wealth LLC Buys 1,976 Shares of Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF)

Leo Wealth LLC raised its position in Coca-Cola FEMSA, S.A.B. de C.V. (NYSE:KOF) by 17.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,236 shares of the company’s stock after buying an additional 1,976 shares during the quarter. Leo Wealth LLC’s holdings in Coca-Cola FEMSA were worth $1,174,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. D Orazio & Associates Inc. grew its stake in shares of Coca-Cola FEMSA by 5.4% during the second quarter. D Orazio & Associates Inc. now owns 2,680 shares of the company’s stock worth $230,000 after buying an additional 138 shares during the last quarter. Park Avenue Securities LLC raised its stake in Coca-Cola FEMSA by 4.4% during the first quarter. Park Avenue Securities LLC now owns 3,649 shares of the company’s stock worth $355,000 after buying an additional 153 shares during the last quarter. Chase Investment Counsel Corp raised its position in shares of Coca-Cola FEMSA by 3.6% in the 1st quarter. Chase Investment Counsel Corp now owns 4,403 shares of the company’s stock worth $427,000 after acquiring an additional 154 shares in the last quarter. Claro Advisors LLC lifted its stake in shares of Coca-Cola FEMSA by 5.7% in the 1st quarter. Claro Advisors LLC now owns 3,169 shares of the company’s stock valued at $308,000 after purchasing an additional 172 shares during the period. Finally, GAMMA Investing LLC grew its stake in Coca-Cola FEMSA by 56.2% during the third quarter. GAMMA Investing LLC now owns 545 shares of the company’s stock worth $48,000 after purchasing an additional 196 shares during the period.

Coca-Cola FEMSA Stock Performance

Shares of NYSE KOF traded down $1.66 during mid-day trading on Tuesday, reaching $84.57. 110,769 shares of the company’s stock were exchanged, compared to its average volume of 168,242. Coca-Cola FEMSA, S.A.B. de C.V. has a 52 week low of $69.33 and a 52 week high of $104.38. The firm has a 50-day moving average price of $87.95 and a two-hundred day moving average price of $89.95. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.05 and a quick ratio of 0.87. The firm has a market capitalization of $142.13 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 0.71 and a beta of 0.86.

Coca-Cola FEMSA (NYSE:KOF) last issued its quarterly earnings results on Monday, July 22nd. The company reported $1.55 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.55. Coca-Cola FEMSA had a net margin of 8.16% and a return on equity of 16.23%. The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter last year, the business posted $1.32 EPS. Analysts predict that Coca-Cola FEMSA, S.A.B. de C.V. will post 6.28 EPS for the current year.

Coca-Cola FEMSA Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Friday, October 25th. Shareholders of record on Monday, October 14th will be issued a dividend of $0.7811 per share. This represents a yield of 2.6%. The ex-dividend date of this dividend is Monday, October 14th. Coca-Cola FEMSA’s dividend payout ratio (DPR) is presently 12.32%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Barclays raised their price objective on shares of Coca-Cola FEMSA from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. UBS Group decreased their price target on shares of Coca-Cola FEMSA from $112.00 to $102.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, The Goldman Sachs Group raised Coca-Cola FEMSA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $101.91.

About Coca-Cola FEMSA

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.