96,200 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Acquired 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 acquired a new stake in shares of 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 disclosure with the Securities & Exchange Commission. The firm acquired 96,200 shares of the company's stock, valued at approximately $8,782,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KOF. Wayfinding Financial LLC acquired a new position in Coca Cola Femsa in the first quarter valued at $41,000. Banque de Luxembourg S.A. purchased a new stake in shares of Coca Cola Femsa in the fourth quarter worth about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Coca Cola Femsa in the fourth quarter valued at approximately $43,000. Parvin Asset Management LLC acquired a new stake in Coca Cola Femsa during the 4th quarter valued at $56,000. Finally, NBC Securities Inc. purchased a new stake in shares of Coca Cola Femsa during the first quarter worth about $76,000.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF traded down $0.95 during trading on Tuesday, hitting $84.04. 240,191 shares of the company traded hands, compared to its average volume of 166,274. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The business's fifty day moving average is $87.87 and its 200-day moving average is $90.94. The stock has a market capitalization of $141.24 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 1.04 and a beta of 0.64. 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 announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) 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 the consensus estimate of $3.89 billion. Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%. As a group, equities analysts predict 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.874 per share. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.50 annualized dividend and a dividend yield of 4.2%. Coca Cola Femsa's payout ratio is 60.42%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. UBS Group upped their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Barclays set a $100.00 target price on shares of Coca Cola Femsa and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Zacks Research cut shares of Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. JPMorgan Chase & Co. decreased their price target on 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. Finally, Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $105.50.

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.