Park Avenue Securities LLC Purchases New Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Park Avenue Securities LLC acquired a new position in Coca Cola Femsa S.A.B. de C.V., buying 3,181 shares valued at approximately $308,000.
• Several analysts have recently provided mixed ratings for Coca Cola Femsa, with Zacks Research rating it as a "strong sell", while UBS Group maintains a "buy" rating with a price target adjustment to $113.00.
• Coca Cola Femsa announced a quarterly dividend of $0.874 per share, resulting in an annualized dividend yield of 4.2%.

Park Avenue Securities LLC purchased 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 disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,181 shares of the company's stock, valued at approximately $308,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KOF. Robeco Institutional Asset Management B.V. lifted its stake in Coca Cola Femsa by 1.6% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,245,370 shares of the company's stock valued at $113,690,000 after buying an additional 19,338 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Coca Cola Femsa in the first quarter valued at approximately $88,634,000. Natixis Advisors LLC raised its stake in shares of Coca Cola Femsa by 11.0% during the first quarter. Natixis Advisors LLC now owns 268,479 shares of the company's stock worth $24,509,000 after purchasing an additional 26,634 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Coca Cola Femsa by 24.4% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 249,490 shares of the company's stock worth $22,776,000 after purchasing an additional 48,924 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec purchased a new position in Coca Cola Femsa in the first quarter worth $8,782,000.

Analysts Set New Price Targets

Several analysts have weighed in on KOF shares. Zacks Research lowered Coca Cola Femsa from a "hold" rating to a "strong sell" rating in a report on Wednesday, September 24th. Barclays set a $100.00 price target on Coca Cola Femsa and gave the company an "overweight" rating in a report on Thursday, July 31st. UBS Group lifted their price target on Coca Cola Femsa from $109.00 to $113.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. JPMorgan Chase & Co. reduced their price objective on Coca Cola Femsa from $110.00 to $105.00 and set a "neutral" rating on the stock in a research note on Monday, September 15th. Finally, Wall Street Zen lowered Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $105.00.

Coca Cola Femsa Trading Down 0.8%

NYSE:KOF opened at $82.89 on Wednesday. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $101.74. The stock has a market cap of $139.31 billion, a price-to-earnings ratio of 14.52, a PEG ratio of 1.07 and a beta of 0.64. The business has a fifty day moving average of $84.56 and a 200-day moving average of $90.59. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.12.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a return on equity of 15.81% and a net margin of 8.19%.The business had revenue of $3.74 billion during the quarter, compared to the consensus estimate of $3.89 billion. Equities analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current year.

Coca Cola Femsa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.874 per share. This represents a $3.50 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio is currently 60.42%.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.

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