S&CO Inc. Purchases Shares of 10,236 Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• S&CO Inc. acquired 10,236 Coca-Cola FEMSA shares during the second quarter, valued at approximately $831,000. Several other institutional investors also initiated or increased positions in the bottler.
• Coca-Cola FEMSA reported quarterly revenue of $4.36 billion and earnings of $1.69 per share, while increasing its quarterly dividend to $1.1248 per share—an annualized yield of about 4.1%.
• Analysts raised several price targets, but the stock retains a consensus “Hold” rating with an average target price of $118.83, compared with its reported price of $108.69.

S&CO Inc. purchased a new position in shares of 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 SEC. The institutional investor purchased 10,236 shares of the company's stock, valued at approximately $831,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KOF. Stack Financial Management Inc bought a new stake in shares of Coca Cola Femsa in the 2nd quarter valued at $26,079,000. Bank of America Corp DE lifted its position in shares of Coca Cola Femsa by 87.4% during the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company's stock valued at $57,024,000 after acquiring an additional 274,894 shares during the period. Bryn Mawr Trust Advisors LLC bought a new position in Coca Cola Femsa during the second quarter worth $12,512,000. Deutsche Bank AG boosted its stake in Coca Cola Femsa by 8,190.2% during the fourth quarter. Deutsche Bank AG now owns 117,389 shares of the company's stock worth $11,118,000 after acquiring an additional 115,973 shares in the last quarter. Finally, Everett Harris & Co. CA bought a new position in Coca Cola Femsa during the second quarter worth $7,619,000.

Coca Cola Femsa Stock Performance

NYSE KOF opened at $108.69 on Friday. The company has a fifty day simple moving average of $106.50 and a 200 day simple moving average of $105.29. Coca Cola Femsa S.A.B. de C.V. has a 12-month low of $80.22 and a 12-month high of $116.36. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The company has a market cap of $182.66 billion, a P/E ratio of 17.14, a PEG ratio of 1.33 and a beta of 0.52.

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

Coca Cola Femsa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were issued a dividend of $1.1248 per share. 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 dividend yield of 4.1%. The ex-dividend date was Monday, July 13th. Coca Cola Femsa's dividend payout ratio is 61.99%.

Analysts Set New Price Targets

Several research firms have weighed in on KOF. JPMorgan Chase & Co. lifted their price target on shares of 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 upgraded shares of Coca Cola Femsa from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, May 29th. UBS Group increased their price objective on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the stock a "neutral" rating in a research report on Monday, August 3rd. HSBC restated a "hold" rating and issued a $116.00 target price on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Finally, Barclays boosted their target price on Coca Cola Femsa from $115.00 to $122.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, Coca Cola Femsa has a consensus rating of "Hold" and an average target price of $118.83.

Coca Cola Femsa Company 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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