OneAscent Wealth Management LLC Takes $1.55 Million Position in Coca Cola Femsa S.A.B. de C.V. $KOF

OneAscent Wealth Management LLC bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 8,118 shares of the company’s stock, valued at approximately $1,550,000. Coca Cola Femsa makes up 0.5% of OneAscent Wealth Management LLC’s portfolio, making the stock its 26th biggest holding.

Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp acquired a new stake in Coca Cola Femsa during the 2nd quarter valued at $2,769,992,000. BlackRock Inc. acquired a new position in Coca Cola Femsa in the second quarter worth $1,017,381,000. Danske Bank A S acquired a new position in Coca Cola Femsa in the second quarter worth $280,671,000. Boston Partners boosted its stake in Coca Cola Femsa by 1.9% in the fourth quarter. Boston Partners now owns 1,681,676 shares of the company’s stock worth $159,287,000 after purchasing an additional 31,499 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Coca Cola Femsa by 87.4% during the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after purchasing an additional 274,894 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays raised their target price on Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. increased their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. HSBC reissued a “hold” rating and set a $116.00 price objective on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Finally, UBS Group upped their target price on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $118.83.

Coca Cola Femsa Price Performance

KOF opened at $112.15 on Friday. The company has a fifty day moving average price of $107.05 and a two-hundred day moving average price of $105.48. The firm has a market capitalization of $188.49 billion, a PE ratio of 17.69, a P/E/G ratio of 1.34 and a beta of 0.52. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $80.22 and a 52 week high of $116.36. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The company had revenue of $4.36 billion for the quarter. As a group, analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 6.93 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were issued a dividend of $1.1248 per share. This represents a $4.50 dividend on an annualized basis and a yield of 4.0%. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. Coca Cola Femsa’s dividend payout ratio (DPR) is 61.99%.

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.