24,000 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Purchased by Banco BTG Pactual S.A.

Key Points

• Banco BTG Pactual S.A. has acquired a new position in Coca Cola Femsa, purchasing 24,000 shares valued at approximately $2.19 million during the first quarter.
• Coca Cola Femsa reported earnings per share (EPS) of $1.30 for the last quarter, missing analysts' expectations of $1.52, alongside a revenue of $3.74 billion.
• The company recently declared a quarterly dividend of $0.874 per share, resulting in an annualized yield of 4.2%, with a payout ratio of 60.42%.

Banco BTG Pactual S.A. acquired a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,000 shares of the company's stock, valued at approximately $2,191,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of KOF. Corvex Management LP grew its holdings in Coca Cola Femsa by 138.9% in the fourth quarter. Corvex Management LP now owns 1,066,108 shares of the company's stock worth $83,039,000 after purchasing an additional 619,931 shares during the period. Northern Trust Corp grew its holdings in Coca Cola Femsa by 113.8% in the fourth quarter. Northern Trust Corp now owns 166,994 shares of the company's stock worth $13,007,000 after purchasing an additional 88,873 shares during the period. Hosking Partners LLP purchased a new stake in Coca Cola Femsa in the first quarter worth about $7,918,000. BLI Banque de Luxembourg Investments purchased a new stake in Coca Cola Femsa in the fourth quarter worth about $6,533,000. Finally, Victory Capital Management Inc. purchased a new stake in Coca Cola Femsa in the first quarter worth about $7,612,000.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Barclays set a $100.00 price objective on shares of Coca Cola Femsa and gave the company an "overweight" rating in a research report on Thursday, July 31st. UBS Group increased their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. JPMorgan Chase & Co. decreased their price target on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 16th. Finally, Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $105.50.

Coca Cola Femsa Price Performance

KOF traded down $0.18 during trading on Monday, hitting $87.02. 76,903 shares of the company traded hands, compared to its average volume of 216,106. The company has a market cap of $146.25 billion, a PE ratio of 15.24, a P/E/G ratio of 1.06 and a beta of 0.62. The stock's 50-day simple moving average is $89.18 and its two-hundred day simple moving average is $90.80. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $101.74. 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 issued 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). Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%.The business had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.89 billion. As a group, sell-side analysts anticipate 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th were paid a $0.874 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio (DPR) is presently 60.42%.

Coca Cola Femsa Company 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.