Paralel Advisors LLC Makes New $2.30 Million Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Paralel Advisors LLC acquired a new 12,047-share stake in Coca-Cola FEMSA during the second quarter, valued at approximately $2.30 million. Several other institutional investors also initiated positions.
• Coca-Cola FEMSA reported quarterly revenue of $4.36 billion and earnings of $1.69 per share, with an 8.05% net margin and 15.83% return on equity.
• The company increased its quarterly dividend to $1.1248 per share, equivalent to an annualized $4.50 payout and a 4.0% yield. Analysts maintain a consensus “Hold” rating with an average price target of $118.83.

Paralel Advisors LLC acquired a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,047 shares of the company's stock, valued at approximately $2,300,000.

Other institutional investors have also modified their holdings of the company. Allworth Financial LP purchased a new position in Coca Cola Femsa in the second quarter valued at about $678,000. Virtus Advisers LLC purchased a new stake in Coca Cola Femsa during the 2nd quarter worth approximately $223,000. Advisors Preferred LLC acquired a new position in shares of Coca Cola Femsa in the 2nd quarter valued at approximately $386,000. Vise Technologies Inc. acquired a new position in shares of Coca Cola Femsa in the 2nd quarter valued at approximately $597,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of Coca Cola Femsa during the 2nd quarter valued at approximately $231,000.

Coca Cola Femsa Trading Up 0.0%

Coca Cola Femsa stock opened at $113.24 on Friday. The firm's 50-day moving average is $106.98 and its 200-day moving average is $105.43. 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 1 year low of $80.22 and a 1 year high of $116.36. The company has a market cap of $190.32 billion, a P/E ratio of 17.86, a PEG ratio of 1.34 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 for the quarter. The business had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. On average, equities analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.93 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

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

Analyst Ratings Changes

KOF has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Coca Cola Femsa from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 29th. JPMorgan Chase & Co. raised their price objective 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. UBS Group upped their target price on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a research note on Monday, August 3rd. Wall Street Zen raised shares of Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 8th. Finally, Barclays lifted their price target on 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. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price 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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