Northstar Group Inc. Buys New Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Northstar Group acquired 33,751 shares of Coca-Cola FEMSA in the second quarter, valued at approximately $2.74 million. Several other institutional investors also increased or initiated positions.
• Analysts maintain a generally cautious outlook, with a consensus rating of “Hold” and an average price target of $118.83; recent target increases ranged from $113 to $127.
• Coca-Cola FEMSA reported quarterly EPS of $1.69 on $4.36 billion in revenue and raised its quarterly dividend to $1.1248 per share, implying a 4.1% yield and a 62.15% payout ratio.

Northstar Group Inc. bought a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 33,751 shares of the company's stock, valued at approximately $2,743,000.

Other hedge funds have also bought and sold shares of the company. NewEdge Advisors LLC increased its holdings in shares of Coca Cola Femsa by 230,700.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company's stock worth $211,000 after buying an additional 2,307 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Coca Cola Femsa by 211.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company's stock worth $451,000 after acquiring an additional 3,351 shares during the last quarter. CW Advisors LLC bought a new stake in shares of Coca Cola Femsa during the 2nd quarter worth $260,000. EverSource Wealth Advisors LLC grew its position in Coca Cola Femsa by 186.6% in the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company's stock worth $89,000 after acquiring an additional 601 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its position in Coca Cola Femsa by 11.9% in the second quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company's stock worth $11,778,000 after acquiring an additional 12,979 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on KOF. JPMorgan Chase & Co. increased 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. Weiss Ratings raised Coca Cola Femsa from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 29th. Barclays upped their price objective 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. UBS Group increased their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Finally, Wall Street Zen raised 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 given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $118.83.

Coca Cola Femsa Price Performance

Shares of Coca Cola Femsa stock opened at $108.69 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. 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 company has a fifty day moving average of $106.50 and a 200-day moving average of $105.29. The stock has a market capitalization of $182.67 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last issued its earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The company had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. Equities research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.75 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were paid a dividend of $1.1248 per share. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.1%. 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. Coca Cola Femsa's payout ratio is 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.

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