Townsquare Capital LLC Takes Position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF)

Key Points

• Townsquare Capital LLC acquired a new stake in Coca Cola Femsa S.A.B. de C.V., purchasing 33,247 shares valued at approximately $3,035,000.
• Several research firms have adjusted their price targets for Coca Cola Femsa, with Barclays setting a new target at $100.00 and Morgan Stanley upgrading to an "overweight" rating.
• The company's recent quarterly earnings showed a miss of estimates, reporting $1.30 earnings per share against the expected $1.52, with a net margin of 8.19%.

Townsquare Capital LLC acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 33,247 shares of the company's stock, valued at approximately $3,035,000.

A number of other institutional investors have also recently made changes to their positions in KOF. Wayfinding Financial LLC purchased a new position in shares of Coca Cola Femsa during the first quarter valued at about $41,000. Banque de Luxembourg S.A. purchased a new position in Coca Cola Femsa in the fourth quarter worth about $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Coca Cola Femsa in the fourth quarter worth about $43,000. Parvin Asset Management LLC purchased a new position in Coca Cola Femsa in the fourth quarter worth about $56,000. Finally, NBC Securities Inc. purchased a new position in Coca Cola Femsa in the first quarter worth about $76,000.

Analyst Ratings Changes

Several research analysts recently commented on the company. Barclays set a $100.00 price target on Coca Cola Femsa and gave the stock an "overweight" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. dropped their price target on Coca Cola Femsa from $111.00 to $107.00 and set a "neutral" rating for the company in a research report on Wednesday, July 16th. Morgan Stanley upgraded Coca Cola Femsa from an "equal weight" rating to an "overweight" rating in a research report on Monday, June 2nd. Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. Finally, UBS Group raised their price objective on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Coca Cola Femsa has an average rating of "Moderate Buy" and a consensus target price of $105.50.

Coca Cola Femsa Stock Performance

Coca Cola Femsa stock opened at $85.27 on Tuesday. The company has a 50 day moving average price of $91.48 and a 200-day moving average price of $90.40. 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 S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $101.74. The company has a market capitalization of $143.30 billion, a PE ratio of 14.93, a P/E/G ratio of 1.03 and a beta of 0.62.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The company had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.89 billion. As a group, equities analysts forecast 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 15th were paid a $0.874 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.50 dividend on an annualized basis and a yield of 4.1%. Coca Cola Femsa's payout ratio is 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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