Hosking Partners LLP Buys Shares of 86,738 Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Key Points

• Hosking Partners LLP has acquired a new position in Coca Cola Femsa S.A.B. de C.V., purchasing 86,738 shares valued at approximately $7.92 million.
• Recent analyst ratings for Coca Cola Femsa include upgrades and downgrades, with a consensus average rating of "Moderate Buy" and a target price of $105.50.
• The company reported quarterly earnings of $1.30 EPS, missing consensus estimates, and declared a quarterly dividend of $0.874, yielding 4.1% annually.

Hosking Partners LLP bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 86,738 shares of the company's stock, valued at approximately $7,918,000.

Several other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew 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 acquiring an additional 149 shares in the last quarter. ORG Wealth Partners LLC boosted its position in Coca Cola Femsa by 36.3% during the 1st quarter. ORG Wealth Partners LLC now owns 992 shares of the company's stock valued at $93,000 after purchasing an additional 264 shares during the period. Cornerstone Wealth Management LLC boosted its position in Coca Cola Femsa by 9.7% during the 1st quarter. Cornerstone Wealth Management LLC now owns 3,531 shares of the company's stock valued at $322,000 after purchasing an additional 312 shares during the period. LPL Financial LLC boosted its position in Coca Cola Femsa by 3.1% during the 4th quarter. LPL Financial LLC now owns 13,580 shares of the company's stock valued at $1,058,000 after purchasing an additional 413 shares during the period. Finally, Veracity Capital LLC boosted its position in Coca Cola Femsa by 4.9% during the 1st quarter. Veracity Capital LLC now owns 9,167 shares of the company's stock valued at $837,000 after purchasing an additional 428 shares during the period.

Coca Cola Femsa Trading Down 0.0%

Shares of Coca Cola Femsa stock traded down $0.03 on Wednesday, reaching $85.15. 88,537 shares of the company were exchanged, compared to its average volume of 219,395. The stock has a fifty day moving average price of $91.23 and a 200-day moving average price of $90.36. The firm has a market capitalization of $143.11 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.04 and a beta of 0.62. The company has a current ratio of 1.12, a quick ratio of 0.90 and a debt-to-equity ratio of 0.54. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $101.74.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share 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 business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.89 billion. On average, analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th were paid 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 4.1%. Coca Cola Femsa's payout ratio is 60.42%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KOF. 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. UBS Group boosted 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. Wall Street Zen lowered Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. Finally, Barclays set a $100.00 target price on Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Coca Cola Femsa presently has an average rating of "Moderate Buy" and a consensus 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.