ABS Direct Equity Fund LLC Makes New Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• ABS Direct Equity Fund LLC has acquired a new stake in Coca Cola Femsa S.A.B. de C.V., purchasing 7,654 shares valued at approximately $740,000, constituting about 1.2% of its portfolio.
• Recent reports indicate a downgrade of Coca Cola Femsa by Zacks Research from "hold" to "strong sell," while JPMorgan has reduced its target price from $110.00 to $105.00.
• Coca Cola Femsa recently announced a quarterly dividend of $0.874 per share, which represents an annualized dividend yield of 4.1%.

ABS Direct Equity Fund LLC acquired a new stake in shares of 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 Form 13F filing with the SEC. The institutional investor acquired 7,654 shares of the company's stock, valued at approximately $740,000. Coca Cola Femsa comprises about 1.2% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 27th largest position.

Other institutional investors have also recently made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in shares of Coca Cola Femsa during the first quarter valued at approximately $41,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Coca Cola Femsa during the fourth quarter valued at approximately $43,000. Bruce G. Allen Investments LLC bought a new stake in Coca Cola Femsa during the 2nd quarter valued at $44,000. NBC Securities Inc. bought a new position in shares of Coca Cola Femsa in the 1st quarter worth $76,000. Finally, GHP Investment Advisors Inc. bought a new position in shares of Coca Cola Femsa in the 1st quarter worth $83,000.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on KOF shares. Zacks Research downgraded Coca Cola Femsa from a "hold" rating to a "strong sell" rating in a research report on Wednesday. JPMorgan Chase & Co. cut their target price on Coca Cola Femsa from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Wall Street Zen downgraded Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Morgan Stanley raised Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. Finally, UBS Group upped their target price on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $105.00.

Coca Cola Femsa Trading Up 0.8%

Shares of Coca Cola Femsa stock opened at $84.34 on Friday. The firm has a market capitalization of $141.75 billion, a PE ratio of 14.77, a P/E/G ratio of 1.07 and a beta of 0.64. 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. The firm's 50-day moving average price is $84.81 and its 200 day moving average price is $90.65. 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 (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.52 by ($0.22). The business had revenue of $3.74 billion during 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%. On average, sell-side analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS 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 given a dividend of $0.874 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 4.1%. Coca Cola Femsa's dividend payout ratio is currently 60.42%.

Coca Cola Femsa Profile

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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