Oppenheimer Asset Management Inc. Makes New $1.65 Million Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Oppenheimer Asset Management Inc. acquired a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOFFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,334 shares of the company’s stock, valued at approximately $1,653,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in Coca Cola Femsa by 87.4% during the 2nd 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. Bryn Mawr Trust Advisors LLC acquired a new position in Coca Cola Femsa in the 2nd quarter valued at $12,512,000. Deutsche Bank AG grew its holdings in Coca Cola Femsa by 8,190.2% in the 4th quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock valued at $11,118,000 after buying an additional 115,973 shares in the last quarter. Invesco Ltd. increased its position in Coca Cola Femsa by 34.6% during the 3rd quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock worth $25,035,000 after buying an additional 77,475 shares during the period. Finally, Jump Financial LLC bought a new position in Coca Cola Femsa during the 3rd quarter worth $3,712,000.

Coca Cola Femsa Price Performance

Coca Cola Femsa stock opened at $108.69 on Monday. The stock’s fifty day moving average price is $106.50 and its two-hundred day moving average price is $105.28. Coca Cola Femsa S.A.B. de C.V. has a one year low of $80.22 and a one year high of $116.36. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87. The firm has a market cap of $182.67 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOFGet Free Report) last released its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The firm had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. As a group, research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.75 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were given a dividend of $1.1248 per share. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Monday, July 13th. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 62.15%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on KOF. Wall Street Zen raised Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. upped their price target on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. UBS Group raised their price target 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. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Finally, Barclays boosted their price objective on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $118.83.

Check Out Our Latest Stock Analysis on Coca Cola Femsa

About Coca Cola Femsa

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Coca Cola Femsa (NYSE:KOF)

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