1,004,136 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Purchased by Itau Unibanco Holding S.A.

Key Points

• Itau Unibanco Holding S.A. has acquired a new stake of 1,004,136 shares in Coca Cola Femsa, valued at approximately $88.6 million, marking the stock as its 9th largest holding.
• Coca Cola Femsa reported a quarterly earnings per share (EPS) of $1.30, missing the consensus estimate of $1.52, while also announcing a quarterly dividend of $0.874, representing a 4.0% yield.
• Recent ratings changes from analysts include a downgrade to a "hold" rating from Wall Street Zen and a price target adjustment from JPMorgan Chase, reflecting varied investor sentiments towards the stock.

Itau Unibanco Holding S.A. bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,004,136 shares of the company's stock, valued at approximately $88,634,000. Coca Cola Femsa makes up about 3.3% of Itau Unibanco Holding S.A.'s holdings, making the stock its 9th biggest holding. Itau Unibanco Holding S.A. owned 0.06% of Coca Cola Femsa as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in shares of Coca Cola Femsa by 936.0% during the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the company's stock worth $533,000 after buying an additional 5,279 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Coca Cola Femsa in the 1st quarter worth approximately $8,782,000. Ninety One UK Ltd bought a new stake in shares of Coca Cola Femsa in the 1st quarter worth approximately $3,979,000. Leo Wealth LLC raised its holdings in shares of Coca Cola Femsa by 26.3% in the 1st quarter. Leo Wealth LLC now owns 17,220 shares of the company's stock worth $1,572,000 after purchasing an additional 3,590 shares during the period. Finally, Focus Partners Wealth bought a new stake in shares of Coca Cola Femsa in the 4th quarter worth approximately $334,000.

Wall Street Analyst Weigh In

KOF has been the topic of a number of research reports. Zacks Research cut shares of Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 26th. UBS Group lifted their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Morgan Stanley raised shares of Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a report on Monday, June 2nd. Wall Street Zen cut shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a report on Sunday, July 13th. Finally, Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the stock an "overweight" rating in a report on Thursday, July 31st. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Coca Cola Femsa has a consensus rating of "Moderate Buy" and a consensus price target of $105.50.

Coca Cola Femsa Stock Performance

KOF stock traded down $0.54 during midday trading on Tuesday, reaching $84.45. 111,433 shares of the company's stock traded hands, compared to its average volume of 216,632. The company has a 50-day moving average price of $88.07 and a two-hundred day moving average price of $90.99. The firm has a market capitalization of $141.93 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.04 and a beta of 0.64. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.12. 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.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released 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 analysts' expectations of $3.89 billion. As a group, equities analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 15th were given a dividend of $0.874 per share. This represents a $3.50 annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio is presently 60.42%.

Coca Cola Femsa Company Profile

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.