HighTower Advisors LLC Boosts Stake in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• HighTower Advisors LLC increased its stake in Coca Cola Femsa by 90.1% in the first quarter, now owning 8,229 shares worth approximately $751,000.
• Coca Cola Femsa reported earnings of $1.30 per share for the last quarter, which missed analysts' expectations of $1.52, and generated revenue of $3.74 billion, below the projected $3.89 billion.
• The company announced a quarterly dividend of $0.874 per share, yielding an annualized return of 4.1% with a payout ratio of 60.42%.

HighTower Advisors LLC lifted its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 90.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 8,229 shares of the company's stock after purchasing an additional 3,900 shares during the period. HighTower Advisors LLC's holdings in Coca Cola Femsa were worth $751,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of KOF. Wayfinding Financial LLC purchased a new stake in shares of Coca Cola Femsa in the 1st quarter worth approximately $41,000. Banque de Luxembourg S.A. purchased a new stake in shares of Coca Cola Femsa in the 4th quarter worth approximately $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Coca Cola Femsa in the 4th quarter worth approximately $43,000. Parvin Asset Management LLC purchased a new stake in shares of Coca Cola Femsa in the 4th quarter worth approximately $56,000. Finally, NBC Securities Inc. purchased a new stake in shares of Coca Cola Femsa in the 1st quarter worth approximately $76,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KOF shares. Zacks Research cut shares of Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. UBS Group raised their target price on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Barclays set a $100.00 target price on shares of Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. Morgan Stanley upgraded shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research note on Monday, June 2nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating for the company in a research note on Wednesday, July 16th. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $105.50.

Coca Cola Femsa Stock Down 3.6%

KOF traded down $3.07 during trading on Wednesday, hitting $81.18. The stock had a trading volume of 463,423 shares, compared to its average volume of 166,274. The company has a market capitalization of $136.44 billion, a PE ratio of 14.22, a PEG ratio of 1.04 and a beta of 0.64. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $101.74. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.12. The stock has a 50 day simple moving average of $87.66 and a two-hundred day simple moving average of $90.88.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.52 by ($0.22). The company had revenue of $3.74 billion during the quarter, compared to analysts' expectations of $3.89 billion. Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%. On average, research analysts predict 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 issued a $0.874 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 4.3%. Coca Cola Femsa's dividend payout ratio (DPR) is currently 60.42%.

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.