Canada Pension Plan Investment Board Invests $15.14 Million in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Canada Pension Plan Investment Board acquired a new 79,300-share stake in Coca-Cola FEMSA during the second quarter, valued at approximately $15.14 million.
• Analysts maintain a generally neutral view, with four Buy ratings and five Hold ratings; the consensus price target is $118.83.
• Coca-Cola FEMSA reported quarterly revenue of $4.36 billion and EPS of $1.69, while raising its quarterly dividend to $1.1248, equivalent to an annualized yield of about 4%.

Canada Pension Plan Investment Board bought a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 79,300 shares of the company's stock, valued at approximately $15,140,000.

A number of other hedge funds and other institutional investors have also modified their holdings of KOF. Northwestern Mutual Wealth Management Co. acquired a new stake in Coca Cola Femsa during the 2nd quarter worth about $36,000. Global Retirement Partners LLC acquired a new position in shares of Coca Cola Femsa in the second quarter worth about $46,000. Paladin Partners LLC purchased a new position in shares of Coca Cola Femsa in the second quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd increased its position in shares of 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 worth $28,000 after acquiring an additional 275 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Coca Cola Femsa by 79.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company's stock valued at $33,000 after acquiring an additional 153 shares during the period.

Wall Street Analyst Weigh In

Several brokerages recently commented on KOF. UBS Group upped their price target on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. boosted their target price on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. Barclays increased their target price 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. HSBC reaffirmed a "hold" rating and issued a $116.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Finally, Wall Street Zen upgraded Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $118.83.

Coca Cola Femsa Price Performance

NYSE KOF opened at $112.66 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87. The firm has a market capitalization 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 simple moving average of $107.68 and a 200-day simple moving average of $105.72. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $80.22 and a 52-week high of $117.09.

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

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were paid a $1.1248 dividend. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Coca Cola Femsa's previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Monday, July 13th. Coca Cola Femsa's dividend payout ratio (DPR) is currently 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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