Jupiter Topco LLC Invests $17.91 Million in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Jupiter Topco acquired 93,804 Coca-Cola FEMSA shares in the second quarter, valued at approximately $17.91 million. Several other major institutional investors also initiated positions during the quarter.
• Analysts remain cautious, with a consensus “Hold” rating and an average price target of $118.83, despite several firms recently raising their targets.
• Coca-Cola FEMSA shares opened at $112.66, near their 52-week high, while the company increased its quarterly dividend to $1.1248 per share, representing an annualized yield of about 4.0%.

Jupiter Topco LLC bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 93,804 shares of the company's stock, valued at approximately $17,908,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hsbc Holdings PLC bought a new position in Coca Cola Femsa in the 2nd quarter valued at about $21,605,000. Canada Pension Plan Investment Board bought a new stake in shares of Coca Cola Femsa during the second quarter worth approximately $15,140,000. Legal & General Group Plc bought a new stake in shares of Coca Cola Femsa during the second quarter worth approximately $14,146,000. The Manufacturers Life Insurance Company acquired a new position in shares of Coca Cola Femsa in the second quarter valued at approximately $7,799,000. Finally, Manning & Napier Advisors LLC acquired a new position in shares of Coca Cola Femsa in the second quarter valued at approximately $184,000.

Analyst Ratings Changes

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. Wall Street Zen raised Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. UBS Group lifted their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Barclays lifted their target price on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 29th. Finally, HSBC restated a "hold" rating and issued a $116.00 price target on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $118.83.

Coca Cola Femsa Trading Down 0.3%

Shares of KOF stock opened at $112.66 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The stock has a market cap of $189.34 billion, a P/E ratio of 17.77, a price-to-earnings-growth ratio of 1.32 and a beta of 0.52. The stock has a 50 day simple moving average of $107.68 and a 200 day simple moving average of $105.72. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $80.22 and a 1 year high of $117.09.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The business had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. On average, research analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 7.03 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were issued a dividend of $1.1248 per share. 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. This represents a $4.50 annualized dividend and a dividend yield of 4.0%. Coca Cola Femsa's payout ratio is currently 62.15%.

Coca Cola Femsa Company 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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