Federated Hermes Inc. Has $15.76 Million Holdings in Coca Cola Femsa S.A.B. de C.V. $KOF

Federated Hermes Inc. lifted its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 23.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 189,650 shares of the company’s stock after purchasing an additional 35,477 shares during the period. Federated Hermes Inc.’s holdings in Coca Cola Femsa were worth $15,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. MAI Capital Management raised its position in Coca Cola Femsa by 103.6% in the 2nd quarter. MAI Capital Management now owns 395 shares of the company’s stock worth $38,000 after purchasing an additional 201 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Coca Cola Femsa by 46.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 678 shares of the company’s stock worth $66,000 after acquiring an additional 216 shares during the last quarter. CWM LLC lifted its stake in shares of Coca Cola Femsa by 19.7% during the second quarter. CWM LLC now owns 722 shares of the company’s stock valued at $70,000 after acquiring an additional 119 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Coca Cola Femsa by 186.6% in the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock valued at $89,000 after acquiring an additional 601 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Coca Cola Femsa by 35.3% in the third quarter. Blue Trust Inc. now owns 1,344 shares of the company’s stock worth $112,000 after purchasing an additional 351 shares during the period.

Coca Cola Femsa Trading Up 0.2%

KOF opened at $104.26 on Friday. The firm’s fifty day moving average is $95.65 and its two-hundred day moving average is $88.93. The firm has a market cap of $174.81 billion, a PE ratio of 18.16, a price-to-earnings-growth ratio of 1.33 and a beta of 0.51. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $76.36 and a twelve month high of $109.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 1.10.

Coca Cola Femsa Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Monday, December 8th were given a dividend of $0.9979 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.8%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 64.29%.

Wall Street Analysts Forecast Growth

KOF has been the topic of several recent research reports. UBS Group raised their target price on shares of Coca Cola Femsa from $109.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, January 9th. Barclays reaffirmed an “equal weight” rating and issued a $98.00 price objective on shares of Coca Cola Femsa in a research note on Tuesday, December 2nd. JPMorgan Chase & Co. lowered shares of Coca Cola Femsa from an “overweight” rating to a “neutral” rating and set a $100.00 target price for the company. in a report on Wednesday. Zacks Research raised Coca Cola Femsa from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Coca Cola Femsa in a research report on Friday, December 26th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $103.00.

Coca Cola Femsa 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.