Boston Partners Raises Stake in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Boston Partners increased its holdings in Coca Cola Femsa by 36.2%, resulting in ownership of 37,341 shares valued at approximately $3.41 million at the end of the last reporting period.
• Several institutional investors, including Corvex Management and Northern Trust Corp, significantly raised their stakes in Coca Cola Femsa, demonstrating increased investor interest in the company.
• Coca Cola Femsa recently reported an earnings per share (EPS) of $1.30 for the last quarter, missing expectations by $0.22, and also announced a quarterly dividend of $0.874 with a yield of 4.2%.

Boston Partners boosted its position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 36.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 37,341 shares of the company's stock after purchasing an additional 9,933 shares during the quarter. Boston Partners' holdings in Coca Cola Femsa were worth $3,409,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Coca Cola Femsa by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 16,834 shares of the company's stock worth $1,537,000 after purchasing an additional 149 shares during the last quarter. ORG Wealth Partners LLC raised its position in shares of Coca Cola Femsa by 36.3% in the 1st quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock worth $93,000 after purchasing an additional 264 shares during the last quarter. Cornerstone Wealth Management LLC raised its position in shares of Coca Cola Femsa by 9.7% in the 1st quarter. Cornerstone Wealth Management LLC now owns 3,531 shares of the company's stock worth $322,000 after purchasing an additional 312 shares during the last quarter. LPL Financial LLC raised its position in shares of Coca Cola Femsa by 3.1% in the 4th quarter. LPL Financial LLC now owns 13,580 shares of the company's stock worth $1,058,000 after purchasing an additional 413 shares during the last quarter. Finally, Veracity Capital LLC raised its position in shares of Coca Cola Femsa by 4.9% in the 1st quarter. Veracity Capital LLC now owns 9,167 shares of the company's stock worth $837,000 after purchasing an additional 428 shares during the last quarter.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF traded up $1.15 during trading on Friday, hitting $86.69. The company's stock had a trading volume of 27,134 shares, compared to its average volume of 215,758. 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 firm has a market cap of $145.70 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 1.02 and a beta of 0.62. The company has a 50-day moving average of $89.37 and a 200-day moving average of $90.56. Coca Cola Femsa S.A.B. de C.V. has a 12 month low of $72.68 and a 12 month high of $101.74.

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). Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%.The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.89 billion. On average, sell-side 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th were given a $0.874 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a yield of 4.0%. Coca Cola Femsa's dividend payout ratio is presently 60.42%.

Wall Street Analysts Forecast Growth

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