Everett Harris & Co. CA Purchases Shares of 93,744 Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Everett Harris & Co. CA acquired 93,744 Coca-Cola FEMSA shares in the second quarter, worth approximately $7.6 million. Several other institutional investors also initiated positions during the period.
• Coca-Cola FEMSA reported quarterly revenue of $4.36 billion and earnings of $1.69 per share, while analysts expect full-year EPS of $6.75. The company raised its quarterly dividend to $1.1248 per share, implying a 4.1% yield.
• KOF shares opened at $108.69, near the middle of their 12-month range. Analysts maintain a consensus “Hold” rating with an average price target of $118.83.

Everett Harris & Co. CA acquired a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 93,744 shares of the company's stock, valued at approximately $7,619,000.

A number of other hedge funds also recently modified their holdings of KOF. Summit Global Investments acquired a new position in shares of Coca Cola Femsa in the second quarter valued at $4,921,000. Stack Financial Management Inc acquired a new position in shares of Coca Cola Femsa in the 2nd quarter valued at $26,079,000. Oppenheimer Asset Management Inc. bought a new position in shares of Coca Cola Femsa during the 2nd quarter worth about $1,653,000. Bryn Mawr Trust Advisors LLC acquired a new stake in shares of Coca Cola Femsa during the 2nd quarter valued at about $12,512,000. Finally, Mill Capital Management LLC bought a new stake in Coca Cola Femsa in the second quarter valued at about $2,734,000.

Coca Cola Femsa Stock Down 0.1%

Shares of NYSE KOF opened at $108.69 on Friday. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $80.22 and a 12-month high of $116.36. The firm's 50-day simple moving average is $106.50 and its 200 day simple moving average is $105.29. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. The company has a market cap 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.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share 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 during the quarter. On average, research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.75 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 dividend of $1.1248 per share. This represents a $4.50 annualized dividend and a dividend yield of 4.1%. This is an increase 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 payout ratio is currently 62.15%.

Wall Street Analysts Forecast Growth

KOF has been the topic of a number of recent research reports. Weiss Ratings raised Coca Cola Femsa from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 29th. HSBC reiterated a "hold" rating and issued a $116.00 price target on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. 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. UBS Group lifted their price target on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Coca Cola Femsa has an average rating of "Hold" and an average target price 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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