Bryn Mawr Trust Advisors LLC acquired a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 153,950 shares of the company’s stock, valued at approximately $12,512,000.
Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position 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 valued at $57,024,000 after purchasing an additional 274,894 shares during the period. Deutsche Bank AG lifted its position in shares of Coca Cola Femsa by 8,190.2% in the 4th quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock worth $11,118,000 after purchasing an additional 115,973 shares during the period. Invesco Ltd. lifted its position in shares of Coca Cola Femsa by 34.6% in the 3rd quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock worth $25,035,000 after purchasing an additional 77,475 shares during the period. Jump Financial LLC bought a new position in shares of Coca Cola Femsa during the third quarter valued at approximately $3,712,000. Finally, Raymond James Financial Inc. increased its holdings in Coca Cola Femsa by 163.7% during the second quarter. Raymond James Financial Inc. now owns 70,936 shares of the company’s stock valued at $6,862,000 after buying an additional 44,039 shares during the period.
Analysts Set New Price Targets
A number of equities analysts recently commented on KOF shares. 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. UBS Group lifted their price target on Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Barclays boosted their price target on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, JPMorgan Chase & Co. raised their price objective on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. Four research 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.com, Coca Cola Femsa currently has a consensus rating of “Hold” and a consensus target price of $118.83.
Coca Cola Femsa Price Performance
Shares of KOF stock opened at $108.69 on Friday. The firm has a market capitalization of $182.67 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.33 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. The stock’s 50-day simple moving average is $106.50 and its 200-day simple moving average is $105.29. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $80.22 and a fifty-two week high of $116.36.
Coca Cola Femsa (NYSE:KOF – Get Free Report) last released its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The company had revenue of $4.36 billion for the quarter. As a group, equities analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.75 earnings per share for the current fiscal year.
Coca Cola Femsa Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders 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 dividend yield of 4.1%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Monday, July 13th. Coca Cola Femsa’s dividend payout ratio is presently 62.15%.
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.
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