Caisse de depot et placement du Quebec Makes New $36.68 Million Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Caisse de dépôt et placement du Québec acquired 192,133 Coca-Cola FEMSA shares worth approximately $36.68 million during the second quarter. Several other major institutions, including Bank of New York Mellon and BlackRock, also established or increased positions.
• Coca-Cola FEMSA reported quarterly earnings of $1.69 per share on $4.36 billion in revenue, with an 8.05% net margin and 15.83% return on equity.
• The company raised its quarterly dividend to $1.1248, representing an annualized payout of about $4.50 and a 4.0% yield. Analysts remain mixed, with an overall “Hold” rating and an average price target of $118.83.

Caisse de depot et placement du Quebec acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 192,133 shares of the company's stock, valued at approximately $36,682,000.

A number of other hedge funds also recently made changes to their positions in KOF. Bank of New York Mellon Corp purchased a new position in Coca Cola Femsa in the second quarter worth $2,769,992,000. BlackRock Inc. purchased a new stake in Coca Cola Femsa during the second quarter valued at about $1,017,381,000. Danske Bank A S bought a new stake in Coca Cola Femsa during the second quarter worth about $280,671,000. Boston Partners lifted its stake in Coca Cola Femsa by 1.9% during the fourth quarter. Boston Partners now owns 1,681,676 shares of the company's stock worth $159,287,000 after purchasing an additional 31,499 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company's stock worth $57,024,000 after purchasing an additional 274,894 shares in the last quarter.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF opened at $112.66 on Friday. The company has a market cap of $189.34 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.32 and a beta of 0.52. The company has a 50-day moving average price of $107.68 and a 200-day moving average price of $105.72. 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 12 month low of $80.22 and a 12 month high of $117.09.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The company had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. As a group, equities analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 7.03 EPS for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were issued a $1.1248 dividend. This is an increase from Coca Cola Femsa's previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. This represents a $4.50 annualized dividend and a yield of 4.0%. Coca Cola Femsa's dividend payout ratio (DPR) is 62.15%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KOF shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Coca Cola Femsa in a research report on Wednesday. HSBC restated a "hold" rating and issued a $116.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Barclays increased their price target on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 29th. 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. Finally, UBS Group boosted their price objective on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $118.83.

About Coca Cola Femsa

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source