18,396 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Purchased by Deutsche Bank AG

Key Points

• Deutsche Bank acquired 18,396 Coca-Cola FEMSA shares during the second quarter, valued at approximately $3.51 million. Several other institutional investors also increased their positions.
• Coca-Cola FEMSA reported quarterly revenue of $4.36 billion and earnings of $1.69 per share, while analysts forecast full-year EPS of $6.93.
• The company raised its quarterly dividend to $1.1248 per share, equivalent to an annualized $4.50 payout and a 3.9% yield. Analysts maintain a consensus “Hold” rating with an average price target of $118.83, versus the stock’s $114.79 opening price.

Deutsche Bank AG acquired a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,396 shares of the company's stock, valued at approximately $3,512,000.

A number of other large investors have also modified their holdings of the business. Caitong International Asset Management Co. Ltd grew its holdings in Coca Cola Femsa by 482.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company's stock worth $28,000 after acquiring an additional 275 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of Coca Cola Femsa by 79.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company's stock valued at $33,000 after purchasing an additional 153 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in shares of Coca Cola Femsa by 862.2% in the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company's stock valued at $42,000 after purchasing an additional 388 shares during the period. Global Retirement Partners LLC purchased a new stake in Coca Cola Femsa during the second quarter worth about $46,000. Finally, Farther Finance Advisors LLC increased its holdings in Coca Cola Femsa by 490.7% in the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company's stock valued at $48,000 after buying an additional 422 shares in the last quarter.

Coca Cola Femsa Price Performance

Coca Cola Femsa stock opened at $114.79 on Thursday. The stock has a market capitalization of $192.92 billion, a P/E ratio of 18.11, a P/E/G ratio of 1.39 and a beta of 0.52. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $80.22 and a 12-month high of $117.09. 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's 50-day moving average is $107.54 and its two-hundred day moving average is $105.65.

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 for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The business had revenue of $4.36 billion during the quarter. Equities analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.93 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were paid a dividend of $1.1248 per share. The ex-dividend date of this dividend was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a dividend yield of 3.9%. This is a boost from Coca Cola Femsa's previous quarterly dividend of $1.09. Coca Cola Femsa's dividend payout ratio is currently 62.15%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. UBS Group boosted their price target 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. HSBC reissued a "hold" rating and issued a $116.00 target price on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Wall Street Zen upgraded shares of Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Coca Cola Femsa from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 29th. Finally, Barclays upped their price target 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 investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Coca Cola Femsa presently has an average rating of "Hold" and a consensus price target of $118.83.

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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