Cornerstone Capital Inc. Makes New Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Cornerstone Capital acquired 12,291 shares of Coca-Cola FEMSA in the second quarter, a stake valued at approximately $999,000. Several other institutional investors also increased their holdings.
• Coca-Cola FEMSA reported quarterly earnings of $1.69 per share on $4.36 billion in revenue, with an 8.05% net margin and 15.83% return on equity.
• The company raised its quarterly dividend to $1.1248 per share, representing an annualized dividend of $4.50 and a 4.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $118.83.

Cornerstone Capital Inc. purchased a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,291 shares of the company's stock, valued at approximately $999,000.

A number of other institutional investors have also recently added to or reduced their stakes in KOF. Caitong International Asset Management Co. Ltd increased its stake in shares of Coca Cola Femsa by 482.5% in the 3rd 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 during the last quarter. Smartleaf Asset Management LLC increased its position in Coca Cola Femsa by 79.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company's stock worth $33,000 after purchasing an additional 153 shares during the last quarter. Whipplewood Advisors LLC raised its stake in Coca Cola Femsa by 862.2% during the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company's stock worth $42,000 after purchasing an additional 388 shares during the period. Farther Finance Advisors LLC boosted its holdings in Coca Cola Femsa by 490.7% in the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company's stock valued at $48,000 after purchasing an additional 422 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of Coca Cola Femsa by 138.9% in the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company's stock valued at $49,000 after buying an additional 300 shares during the period.

Coca Cola Femsa Stock Down 0.1%

NYSE:KOF opened at $108.69 on Friday. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $80.22 and a 52 week high of $116.36. The stock's fifty day moving average is $106.50 and its two-hundred day moving average is $105.29. The stock has a market capitalization of $182.67 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The business had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. Research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 6.75 EPS for the current year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were issued a dividend of $1.1248 per share. This is a positive change from Coca Cola Femsa's previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a yield of 4.1%. Coca Cola Femsa's dividend payout ratio (DPR) is 62.15%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on KOF shares. UBS Group increased their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. Barclays raised their price objective on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 29th. HSBC restated a "hold" rating and issued a $116.00 price objective on shares of Coca Cola Femsa in a report on Tuesday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Coca Cola Femsa presently has a consensus rating of "Hold" and a consensus price target of $118.83.

Coca Cola Femsa 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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