Laraway Financial Advisors Inc bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 7,976 shares of the company’s stock, valued at approximately $648,000.
Other hedge funds have also recently bought and sold shares of the company. NewEdge Advisors LLC raised its holdings in Coca Cola Femsa by 230,700.0% in the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after buying an additional 2,307 shares during the period. Jones Financial Companies Lllp grew its stake in Coca Cola Femsa by 211.4% during the first quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock worth $451,000 after buying an additional 3,351 shares during the period. CW Advisors LLC purchased a new stake in Coca Cola Femsa during the second quarter worth approximately $260,000. EverSource Wealth Advisors LLC increased its position in shares of Coca Cola Femsa by 186.6% in the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock worth $89,000 after acquiring an additional 601 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Coca Cola Femsa by 11.9% in the second quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock worth $11,778,000 after acquiring an additional 12,979 shares in the last quarter.
Analyst Ratings Changes
A number of brokerages have recently commented on KOF. JPMorgan Chase & Co. raised their target price 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. Barclays upped their price target on shares of 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. HSBC reiterated a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Wall Street Zen raised Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Finally, UBS Group boosted their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $118.83.
Coca Cola Femsa Stock Down 0.1%
NYSE KOF opened at $108.69 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. 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. The business has a 50 day moving average price of $106.50 and a two-hundred day moving average price of $105.29. The stock has a market cap of $182.67 billion, a PE ratio of 17.14, a P/E/G ratio of 1.33 and a beta of 0.52.
Coca Cola Femsa (NYSE:KOF – Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The company had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Friday, July 24th. Investors 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 4.1%. The ex-dividend date of this dividend was Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio (DPR) is 62.15%.
About Coca Cola Femsa
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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