96,200 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Bought by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse de Depot et Placement du Quebec acquired a new stake in Coca Cola Femsa, purchasing 96,200 shares valued at approximately $8.78 million during the first quarter.
• Several large investors have recently modified their positions in Coca Cola Femsa, with Barclays PLC raising its stake by 170.1% in the fourth quarter.
• Analysts have mixed opinions on Coca Cola Femsa, with ratings ranging from "buy" to "hold," and a consensus target price of $105.50.

Caisse DE Depot ET Placement DU Quebec bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 96,200 shares of the company's stock, valued at approximately $8,782,000.

A number of other institutional investors also recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. raised its stake in shares of Coca Cola Femsa by 1.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,245,370 shares of the company's stock worth $113,690,000 after acquiring an additional 19,338 shares during the last quarter. Corvex Management LP raised its stake in shares of 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 acquiring an additional 619,931 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of Coca Cola Femsa by 11.0% in the first quarter. Natixis Advisors LLC now owns 268,479 shares of the company's stock worth $24,509,000 after acquiring an additional 26,634 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Coca Cola Femsa by 24.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 249,490 shares of the company's stock worth $22,776,000 after acquiring an additional 48,924 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of 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 acquiring an additional 88,873 shares during the last quarter.

Wall Street Analyst Weigh In

KOF has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the stock an "overweight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. lowered their target price on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. UBS Group upped their target price on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Coca Cola Femsa currently has an average rating of "Moderate Buy" and a consensus target price of $105.50.

Coca Cola Femsa Stock Down 1.7%

Shares of Coca Cola Femsa stock traded down $1.45 on Friday, hitting $84.89. The company had a trading volume of 206,259 shares, compared to its average volume of 169,272. The firm has a market capitalization of $142.67 billion, a P/E ratio of 14.87, a P/E/G ratio of 1.04 and a beta of 0.62. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $101.74. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.90. The stock has a 50-day moving average of $88.28 and a 200-day moving average of $90.94.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.22). The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.89 billion. Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. 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 business also recently declared a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were issued a $0.874 dividend. This represents a $3.50 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio is 60.42%.

About Coca Cola Femsa

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.