Coca Cola Femsa S.A.B. de C.V. $KOF Position Increased by Ramirez Asset Management Inc.

Key Points

• Ramirez Asset Management Inc. increased its stake in Coca Cola Femsa by 98.4% in Q2, holding 104,723 shares worth approximately $10.13 million.
• Coca Cola Femsa recently announced a quarterly dividend of $1.0006, up from $0.87, which gives it an annual yield of 4.8%.
• Despite a recent earnings miss, with EPS of $1.30 compared to the consensus estimate of $1.52, analysts project a 5.7 EPS for the current year.

Ramirez Asset Management Inc. raised its position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 98.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,723 shares of the company's stock after purchasing an additional 51,932 shares during the quarter. Coca Cola Femsa accounts for approximately 1.5% of Ramirez Asset Management Inc.'s portfolio, making the stock its 9th largest position. Ramirez Asset Management Inc.'s holdings in Coca Cola Femsa were worth $10,130,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Coca Cola Femsa during the second quarter worth $44,000. Wayfinding Financial LLC purchased a new stake in shares of Coca Cola Femsa during the first quarter worth $41,000. GHP Investment Advisors Inc. purchased a new stake in shares of Coca Cola Femsa during the first quarter worth $83,000. ORG Wealth Partners LLC increased its position in shares of Coca Cola Femsa by 36.3% during the first quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock worth $93,000 after acquiring an additional 264 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in shares of Coca Cola Femsa during the first quarter worth $204,000.

Coca Cola Femsa Stock Performance

NYSE KOF opened at $83.06 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.90. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $101.74. The company has a market capitalization of $139.60 billion, a PE ratio of 14.55, a P/E/G ratio of 1.08 and a beta of 0.62. The company has a fifty day moving average of $84.30 and a two-hundred day moving average of $90.26.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings data 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). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.89 billion. As a group, analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be paid a $1.0006 dividend. This is a boost from Coca Cola Femsa's previous quarterly dividend of $0.87. This represents a $4.00 annualized dividend and a yield of 4.8%. The ex-dividend date is Tuesday, October 14th. Coca Cola Femsa's payout ratio is currently 60.42%.

Wall Street Analysts Forecast Growth

KOF has been the topic of a number of recent research reports. Zacks Research lowered Coca Cola Femsa from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 24th. JPMorgan Chase & Co. cut their price objective on Coca Cola Femsa from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Monday, September 15th. Barclays set a $100.00 price objective on Coca Cola Femsa and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Weiss Ratings downgraded shares of Coca Cola Femsa from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday. Finally, UBS Group boosted their target price on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Coca Cola Femsa currently has a consensus rating of "Hold" and an average price target of $105.00.

Coca Cola Femsa Profile

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.

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