MQS Management LLC Makes New $335,000 Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

MQS Management LLC purchased a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,468 shares of the company’s stock, valued at approximately $335,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. CWM LLC raised its position in Coca Cola Femsa by 19.7% in the second quarter. CWM LLC now owns 722 shares of the company’s stock worth $70,000 after acquiring an additional 119 shares in the last quarter. Bank of New York Mellon Corp raised its position in Coca Cola Femsa by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company’s stock worth $1,537,000 after acquiring an additional 149 shares in the last quarter. Ethic Inc. raised its position in Coca Cola Femsa by 3.4% in the second quarter. Ethic Inc. now owns 4,699 shares of the company’s stock worth $444,000 after acquiring an additional 154 shares in the last quarter. Ballentine Partners LLC increased its stake in Coca Cola Femsa by 7.7% in the 2nd quarter. Ballentine Partners LLC now owns 2,413 shares of the company’s stock worth $233,000 after purchasing an additional 173 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Coca Cola Femsa by 5.4% during the second quarter. QRG Capital Management Inc. now owns 4,245 shares of the company’s stock valued at $411,000 after buying an additional 217 shares in the last quarter.

Analyst Ratings Changes

A number of analysts have commented on KOF shares. Wall Street Zen lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Sunday, July 13th. Barclays set a $100.00 price objective on shares of Coca Cola Femsa and gave the company an “overweight” rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. reduced their price objective on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Monday, September 15th. UBS Group upped their price objective on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coca Cola Femsa in a research note on Friday. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Coca Cola Femsa presently has a consensus rating of “Hold” and an average price target of $105.00.

Coca Cola Femsa Trading Up 3.1%

NYSE:KOF opened at $87.01 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.90. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $101.74. The stock’s 50-day moving average is $84.18 and its two-hundred day moving average is $89.59. The stock has a market cap of $146.24 billion, a PE ratio of 15.16, a price-to-earnings-growth ratio of 1.10 and a beta of 0.62.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Friday, October 24th. The company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.48 by $0.03. Coca Cola Femsa had a return on equity of 16.07% and a net margin of 8.13%.The company had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.96 billion. As a group, equities research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be paid a dividend of $1.0006 per share. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $4.00 annualized dividend and a yield of 4.6%. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 63.05%.

Coca Cola Femsa Company Profile

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.