LM Advisors LLC Takes $852,000 Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• LM Advisors LLC acquired 10,477 shares of Coca-Cola FEMSA in the second quarter, establishing a position worth approximately $852,000. Several other institutional investors also increased their holdings.
• Coca-Cola FEMSA reported quarterly earnings of $1.69 per share on $4.36 billion in revenue and increased its quarterly dividend to $1.1248, equivalent to a 4.0% annualized yield.
• Analysts maintain a generally neutral outlook, with the stock receiving a consensus “Hold” rating and an average price target of $118.83, compared with its reported market price of $112.15.

LM Advisors LLC acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,477 shares of the company's stock, valued at approximately $852,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KOF. Parallel Advisors LLC lifted its holdings in Coca Cola Femsa by 19.1% in the fourth quarter. Parallel Advisors LLC now owns 616 shares of the company's stock worth $58,000 after acquiring an additional 99 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Coca Cola Femsa by 8.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company's stock valued at $134,000 after purchasing an additional 101 shares during the last quarter. Kathmere Capital Management LLC grew its holdings in shares of Coca Cola Femsa by 1.5% during the first quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company's stock valued at $728,000 after purchasing an additional 112 shares during the last quarter. Vise Technologies Inc. raised its position in shares of Coca Cola Femsa by 0.6% during the 4th quarter. Vise Technologies Inc. now owns 23,877 shares of the company's stock worth $2,261,000 after purchasing an additional 150 shares during the period. Finally, Vident Advisory LLC raised its position in shares of Coca Cola Femsa by 2.4% during the 4th quarter. Vident Advisory LLC now owns 6,498 shares of the company's stock worth $615,000 after purchasing an additional 152 shares during the period.

Coca Cola Femsa Stock Down 1.0%

Coca Cola Femsa stock opened at $112.15 on Friday. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $80.22 and a 52 week high of $116.36. The stock has a market cap of $188.49 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.33 and a beta of 0.52. The company's 50-day moving average price is $107.05 and its two-hundred day moving average price is $105.48. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The firm had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. On average, analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.93 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were issued a $1.1248 dividend. This is an increase from Coca Cola Femsa's previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, July 13th. Coca Cola Femsa's dividend payout ratio is currently 62.15%.

Analysts Set New Price Targets

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

About Coca Cola Femsa

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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