10,471 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Purchased by FCG Investment Co

Key Points

• FCG Investment Co has acquired a new stake in Coca Cola Femsa S.A.B. de C.V., purchasing 10,471 shares valued at approximately $1,013,000.
• Several other institutional investors have also increased their stakes, with Caisse DE Depot ET Placement DU Quebec investing $8,782,000 in the first quarter.
• Analysts currently hold an average rating of "Moderate Buy" for Coca Cola Femsa, with a price target of around $105.00.

FCG Investment Co bought a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,471 shares of the company's stock, valued at approximately $1,013,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Coca Cola Femsa during the first quarter valued at approximately $8,782,000. GAMMA Investing LLC increased its position in Coca Cola Femsa by 936.0% in the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the company's stock valued at $533,000 after acquiring an additional 5,279 shares during the period. HighTower Advisors LLC increased its position in Coca Cola Femsa by 90.1% in the 1st quarter. HighTower Advisors LLC now owns 8,229 shares of the company's stock valued at $751,000 after acquiring an additional 3,900 shares during the period. Ninety One UK Ltd bought a new stake in Coca Cola Femsa during the 1st quarter valued at $3,979,000. Finally, Leo Wealth LLC boosted its position in Coca Cola Femsa by 26.3% during the 1st quarter. Leo Wealth LLC now owns 17,220 shares of the company's stock worth $1,572,000 after acquiring an additional 3,590 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group raised their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Wall Street Zen lowered shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Coca Cola Femsa from $110.00 to $105.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $105.00.

Coca Cola Femsa Stock Performance

NYSE:KOF opened at $83.70 on Friday. The company has a 50-day moving average of $84.94 and a 200-day moving average of $90.66. The firm has a market cap of $140.67 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 1.07 and a beta of 0.64. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $101.74.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.22). The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.89 billion. Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were paid a dividend of $0.874 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.50 annualized dividend and a dividend yield of 4.2%. Coca Cola Femsa's dividend payout ratio (DPR) is currently 60.42%.

About Coca Cola Femsa

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.

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