Banco BTG Pactual S.A. Takes $2.19 Million Position in Coca Cola Femsa S.A.B. de C.V. $KOF

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in Coca Cola Femsa during the first quarter worth about $41,000. Banque de Luxembourg S.A. bought a new stake in Coca Cola Femsa during the fourth quarter worth about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Coca Cola Femsa during the fourth quarter worth about $43,000. Parvin Asset Management LLC bought a new stake in Coca Cola Femsa during the fourth quarter worth about $56,000. Finally, NBC Securities Inc. bought a new stake in Coca Cola Femsa during the first quarter worth about $76,000.

Coca Cola Femsa Stock Performance

NYSE:KOF traded up $1.6860 on Friday, hitting $87.2260. The company's stock had a trading volume of 219,839 shares, compared to its average volume of 174,714. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. The stock has a fifty day moving average of $89.18 and a two-hundred day moving average of $90.71. The firm has a market capitalization of $146.60 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 1.06 and a beta of 0.62. Coca Cola Femsa S.A.B. de C.V. has a one year low of $72.68 and a one year high of $101.74.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.89 billion. Research analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca Cola Femsa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were given a $0.874 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.50 annualized dividend and a dividend yield of 4.0%. Coca Cola Femsa's dividend payout ratio is presently 60.42%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on KOF shares. Wall Street Zen lowered Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. JPMorgan Chase & Co. dropped their target price on Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th. Morgan Stanley upgraded 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 Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, UBS Group upped their price objective on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $105.50.

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.