Jefferies Financial Group Inc. acquired a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,111 shares of the company’s stock, valued at approximately $3,458,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. ABC Arbitrage SA grew its stake in shares of Coca Cola Femsa by 108.1% during the first quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock valued at $2,108,000 after buying an additional 11,225 shares during the last quarter. Summit Global Investments purchased a new position in Coca Cola Femsa during the 2nd quarter valued at $4,921,000. Stack Financial Management Inc bought a new position in Coca Cola Femsa in the 2nd quarter valued at $26,079,000. Everett Harris & Co. CA purchased a new stake in Coca Cola Femsa in the second quarter worth $7,619,000. Finally, BIP Wealth LLC bought a new stake in shares of Coca Cola Femsa during the second quarter worth $6,129,000.
Analyst Ratings Changes
A number of research analysts have recently commented on KOF shares. HSBC restated a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca Cola Femsa in a research report on Wednesday. Barclays upped their target price on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted 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. Finally, UBS Group boosted 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. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $118.83.
Coca Cola Femsa Stock Performance
KOF stock opened at $112.66 on Friday. Coca Cola Femsa S.A.B. de C.V. has a 1-year low of $80.22 and a 1-year high of $117.09. The business has a 50-day moving average price of $107.68 and a 200 day moving average price of $105.72. The company has a market capitalization of $189.34 billion, a P/E ratio of 17.77, a PEG ratio of 1.32 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87.
Coca Cola Femsa (NYSE:KOF – Get Free Report) last issued its earnings results 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, equities research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 7.03 EPS for the current fiscal year.
Coca Cola Femsa Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were paid a dividend of $1.1248 per share. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, July 13th. Coca Cola Femsa’s payout ratio is 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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