BIP Wealth LLC Purchases New Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• BIP Wealth LLC purchased 75,420 shares of Coca-Cola FEMSA in the second quarter, valued at approximately $6.13 million. Several other institutional investors also increased their positions.
• Analysts maintain a generally cautious view, with four Buy ratings and five Holds; the stock has an average rating of “Hold” and an average price target of $118.83.
• Coca-Cola FEMSA raised its quarterly dividend to $1.1248 per share, equivalent to an annualized $4.50 payout and a 4.1% yield. The company reported quarterly revenue of $4.36 billion and EPS of $1.69.

BIP Wealth LLC purchased a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 75,420 shares of the company's stock, valued at approximately $6,129,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings in Coca Cola Femsa by 482.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company's stock valued at $28,000 after buying an additional 275 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in Coca Cola Femsa by 79.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company's stock worth $33,000 after purchasing an additional 153 shares during the period. Whipplewood Advisors LLC raised its holdings in Coca Cola Femsa by 862.2% in the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company's stock worth $42,000 after purchasing an additional 388 shares during the period. Farther Finance Advisors LLC boosted its position in Coca Cola Femsa by 490.7% during the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company's stock worth $48,000 after purchasing an additional 422 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in Coca Cola Femsa by 138.9% during the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company's stock worth $49,000 after purchasing an additional 300 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of Coca Cola Femsa from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 29th. HSBC reaffirmed a "hold" rating and issued a $116.00 price target on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Barclays raised their price objective on Coca Cola Femsa from $115.00 to $122.00 and gave the company an "equal weight" rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Coca Cola Femsa presently has an average rating of "Hold" and an average price target of $118.83.

Coca Cola Femsa Stock Down 0.1%

KOF stock opened at $108.69 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $80.22 and a twelve month high of $116.36. The company's 50 day moving average is $106.50 and its two-hundred day moving average is $105.29. The stock has a market cap of $182.67 billion, a P/E 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 issued its earnings results 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 business had revenue of $4.36 billion during the quarter. Research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.75 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. Stockholders of record on Monday, July 13th were given a dividend of $1.1248 per share. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Coca Cola Femsa's previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. Coca Cola Femsa's payout ratio is presently 62.15%.

Coca Cola Femsa Company Profile

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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