HighTower Advisors LLC Grows 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 raised its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) by 90.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,229 shares of the company's stock after buying an additional 3,900 shares during the quarter. 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 also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in Coca Cola Femsa in the first quarter worth $41,000. Banque de Luxembourg S.A. purchased a new stake in Coca Cola Femsa during the fourth quarter valued at $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Coca Cola Femsa during the fourth quarter valued at $43,000. Parvin Asset Management LLC purchased a new stake in Coca Cola Femsa during the fourth quarter valued at $56,000. Finally, NBC Securities Inc. purchased a new stake in Coca Cola Femsa during the first quarter valued at $76,000.

Coca Cola Femsa Price Performance

Shares of NYSE KOF traded down $1.45 during mid-day trading on Monday, reaching $84.89. The company's stock had a trading volume of 206,259 shares, compared to its average volume of 172,691. The stock has a fifty day moving average of $88.28 and a two-hundred day moving average of $90.99. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $72.68 and a 52 week high of $101.74. The firm has a market capitalization of $142.67 billion, a PE ratio of 14.87, a P/E/G ratio of 1.04 and a beta of 0.64. 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 (NYSE:KOF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.89 billion. As a group, sell-side analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were issued a $0.874 dividend. This represents a $3.50 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio is presently 60.42%.

Analyst Ratings Changes

KOF has been the subject of a number of research reports. 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. JPMorgan Chase & Co. reduced their price objective on Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Zacks Research lowered Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. UBS Group boosted their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Wall Street Zen lowered Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus 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.