Plato Investment Management Ltd Makes New Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Plato Investment Management initiated a Coca-Cola FEMSA position in the second quarter, purchasing 140,677 shares valued at approximately $11.4 million, or 0.6% of its portfolio.
• Analysts raised several price targets, but overall sentiment remains cautious: four analysts rate the stock Buy and five rate it Hold, with an average target price of $118.83.
• Coca-Cola FEMSA increased its quarterly dividend to $1.1248, equivalent to an annualized $4.50 payout and a 4.1% yield; the company also reported quarterly revenue of $4.36 billion and earnings of $1.69 per share.

Plato Investment Management Ltd acquired a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 140,677 shares of the company's stock, valued at approximately $11,366,000. Coca Cola Femsa accounts for approximately 0.6% of Plato Investment Management Ltd's portfolio, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd increased its holdings in Coca Cola Femsa by 482.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company's stock valued at $28,000 after buying an additional 275 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Coca Cola Femsa by 79.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company's stock worth $33,000 after buying an additional 153 shares during the period. Whipplewood Advisors LLC raised its position in shares of Coca Cola Femsa by 862.2% in the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company's stock worth $42,000 after buying an additional 388 shares during the period. Global Retirement Partners LLC purchased a new stake in Coca Cola Femsa during the 2nd quarter worth $46,000. Finally, Farther Finance Advisors LLC grew its position in Coca Cola Femsa by 490.7% in the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company's stock valued at $48,000 after acquiring an additional 422 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings upgraded 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 target on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 15th. UBS Group lifted their price target on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a "neutral" rating in a research report on Monday, August 3rd. Wall Street Zen upgraded shares of Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. Finally, Barclays raised 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. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $118.83.

Coca Cola Femsa Stock Performance

NYSE KOF opened at $108.69 on Monday. 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 S.A.B. de C.V. has a 1 year low of $80.22 and a 1 year high of $116.36. The firm's fifty day moving average price is $106.50 and its two-hundred day moving average price is $105.28. The firm has a market capitalization of $182.67 billion, a P/E 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 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 for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. As a group, research analysts anticipate 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 company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were issued 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 dividend yield of 4.1%. The ex-dividend date was Monday, July 13th. Coca Cola Femsa's dividend payout ratio (DPR) is 62.15%.

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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