21,830 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Acquired by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 21,830 Coca-Cola FEMSA shares in the second quarter, valued at approximately $2.32 million.
• Coca-Cola FEMSA reported quarterly revenue of $4.36 billion and earnings of $1.69 per share; analysts expect full-year EPS of $7.03.
• The company increased its quarterly dividend to $1.1248, equivalent to a $4.50 annualized payout and a 4.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $118.83.

Public Employees Retirement System of Ohio bought a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 21,830 shares of the company's stock, valued at approximately $2,319,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake 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 purchasing an additional 275 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Coca Cola Femsa by 79.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company's stock valued at $33,000 after buying an additional 153 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in shares of Coca Cola Femsa by 862.2% in the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company's stock valued at $42,000 after buying an additional 388 shares during the period. Global Retirement Partners LLC raised its holdings in shares of Coca Cola Femsa by 138.9% in the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company's stock valued at $49,000 after buying an additional 300 shares during the period. Finally, Triumph Capital Management purchased a new stake in shares of Coca Cola Femsa in the 3rd quarter valued at $49,000.

Coca Cola Femsa Trading Down 0.4%

KOF opened at $112.04 on Friday. 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 stock has a market capitalization of $188.31 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 1.51 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. The business has a fifty day moving average price of $108.24 and a 200 day moving average price of $105.69.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly 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 return on equity of 15.83% and a net margin of 8.05%. Sell-side analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 7.03 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were issued a $1.1248 dividend. This represents a $4.50 annualized dividend and a yield of 4.0%. This is a positive change 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 62.15%.

Analyst Upgrades and Downgrades

KOF has been the subject of a number of research analyst reports. Wall Street Zen upgraded Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. boosted their price target on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Weiss Ratings reissued a "buy (b)" rating on shares of Coca Cola Femsa in a research report on Wednesday, August 26th. Barclays raised their price objective on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Finally, UBS Group upped their target price on shares of 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 analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus 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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