Alberta Investment Management Corp bought a new position in shares of 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 13F filing with the Securities and Exchange Commission (SEC). The firm bought 51,400 shares of the company's stock, valued at approximately $9,813,000.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in shares of Coca Cola Femsa by 19.1% during the fourth quarter. Parallel Advisors LLC now owns 616 shares of the company's stock worth $58,000 after purchasing an additional 99 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Coca Cola Femsa by 8.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company's stock worth $134,000 after buying an additional 101 shares during the period. Kathmere Capital Management LLC boosted its stake in Coca Cola Femsa by 1.5% in the 1st quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company's stock worth $728,000 after buying an additional 112 shares during the last quarter. Vise Technologies Inc. boosted its stake in Coca Cola Femsa by 0.6% in the 4th quarter. Vise Technologies Inc. now owns 23,877 shares of the company's stock worth $2,261,000 after buying an additional 150 shares during the last quarter. Finally, Vident Advisory LLC grew its holdings in Coca Cola Femsa by 2.4% in the 4th quarter. Vident Advisory LLC now owns 6,498 shares of the company's stock valued at $615,000 after buying an additional 152 shares during the period.
Wall Street Analyst Weigh In
KOF has been the subject of a number of recent analyst reports. HSBC restated a "hold" rating and issued a $116.00 target price on shares of Coca Cola Femsa in a report on Tuesday, July 28th. 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 report on Wednesday, July 15th. Wall Street Zen raised shares of Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. UBS Group upped their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Finally, Weiss Ratings raised Coca Cola Femsa from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, May 29th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $118.83.
Get Our Latest Stock Analysis on Coca Cola Femsa
Coca Cola Femsa Trading Down 0.2%
NYSE KOF opened at $108.69 on Monday. Coca Cola Femsa S.A.B. de C.V. has a one year low of $80.22 and a one year high of $116.36. The company's 50 day moving average price is $106.50 and its 200 day moving average price is $105.28. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. The firm has a market capitalization of $182.67 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.33 and a beta of 0.52.
Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The company had revenue of $4.36 billion during the quarter. On average, sell-side analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.75 EPS for the current year.
Coca Cola Femsa Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were given a dividend of $1.1248 per share. 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. This represents a $4.50 dividend on an annualized basis and a yield of 4.1%. Coca Cola Femsa's dividend payout ratio is currently 62.15%.
About Coca Cola Femsa
(
Free Report)
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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