Man Group plc Invests $5.64 Million in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Man Group acquired a new $5.64 million stake in Coca-Cola FEMSA during the second quarter, purchasing 29,550 shares. Several other institutional investors, including HSBC and Canada Pension Plan Investment Board, also initiated positions.
• Analyst sentiment remains mixed: four analysts rate KOF a Buy and five rate it a Hold, producing a consensus Hold rating and an average price target of $118.83.
• Coca-Cola FEMSA raised its quarterly dividend to $1.1248, equivalent to an annualized $4.50 and a 4.0% yield. The company reported quarterly revenue of $4.36 billion and EPS of $1.69.

Man Group plc bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 29,550 shares of the company's stock, valued at approximately $5,642,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Invst LLC purchased a new stake in shares of Coca Cola Femsa during the second quarter valued at $652,000. Roberts Glore & Co. Inc. IL purchased a new position in Coca Cola Femsa in the 2nd quarter worth about $629,000. Jupiter Topco LLC purchased a new position in Coca Cola Femsa in the 2nd quarter worth about $17,908,000. Hsbc Holdings PLC acquired a new stake in Coca Cola Femsa during the 2nd quarter worth about $21,605,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Coca Cola Femsa during the 2nd quarter worth about $15,140,000.

Analyst Upgrades and Downgrades

KOF has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of 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 upgraded shares of Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. Weiss Ratings restated a "buy (b)" rating on shares of Coca Cola Femsa in a research report on Wednesday. Barclays raised their price objective on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. Finally, HSBC reiterated a "hold" rating and set a $116.00 price objective on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $118.83.

Coca Cola Femsa Trading Down 0.3%

Shares of NYSE:KOF opened at $112.66 on Friday. The firm has a fifty day moving average of $107.68 and a two-hundred day moving average of $105.72. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $80.22 and a 12-month high of $117.09. The firm has a market capitalization 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.

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

Coca Cola Femsa Increases Dividend

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

Coca Cola Femsa 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.

Want to see what other hedge funds are holding KOF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source