The Manufacturers Life Insurance Company purchased 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 40,847 shares of the company's stock, valued at approximately $7,799,000.
A number of other institutional investors have also recently made changes to their positions in KOF. Manning & Napier Advisors LLC purchased a new position in shares of Coca Cola Femsa in the second quarter worth $184,000. L2 Asset Management LLC purchased a new stake in Coca Cola Femsa during the 2nd quarter valued at $3,154,000. Algert Global LLC grew its holdings in Coca Cola Femsa by 3.4% in the 2nd quarter. Algert Global LLC now owns 118,346 shares of the company's stock worth $22,595,000 after acquiring an additional 3,923 shares during the last quarter. Cibc World Market Inc. bought a new stake in Coca Cola Femsa in the 2nd quarter worth $229,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Coca Cola Femsa in the second quarter valued at about $1,527,000.
Coca Cola Femsa Stock Up 0.1%
KOF stock opened at $112.66 on Monday. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $80.22 and a fifty-two week high of $117.09. The company has a market capitalization of $189.34 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.52 and a beta of 0.52. The business's 50 day moving average price is $107.68 and its two-hundred day moving average price is $105.68. 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 (NYSE:KOF - Get Free Report) last released its earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The company had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. As a group, analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 7.03 earnings per share for the current fiscal year.
Coca Cola Femsa Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were given a $1.1248 dividend. The ex-dividend date of this dividend was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Coca Cola Femsa's previous quarterly dividend of $1.09. Coca Cola Femsa's payout ratio is currently 61.99%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on KOF shares. UBS Group increased their target price on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Barclays upped their price target 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. Wall Street Zen upgraded Coca Cola Femsa from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 8th. JPMorgan Chase & Co. lifted their price objective on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Coca Cola Femsa in a research note on Wednesday. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $118.83.
Get Our Latest Research Report on KOF
About Coca Cola Femsa
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding KOF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report).
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