33,247 Shares in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Bought by Townsquare Capital LLC

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 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,247 shares of the company's stock, valued at approximately $3,035,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC purchased a new stake in shares of Coca Cola Femsa during the first quarter worth $41,000. Banque de Luxembourg S.A. purchased a new stake in shares of Coca Cola Femsa in the fourth quarter worth $43,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Coca Cola Femsa in the fourth quarter worth $43,000. Parvin Asset Management LLC purchased a new stake in shares of Coca Cola Femsa in the fourth quarter worth $56,000. Finally, NBC Securities Inc. purchased a new stake in shares of Coca Cola Femsa in the first quarter worth $76,000.

Coca Cola Femsa Stock Up 0.8%

NYSE KOF traded up $0.65 during mid-day trading on Friday, reaching $84.20. The stock had a trading volume of 135,261 shares, compared to its average volume of 188,471. 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 $141.51 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.02 and a beta of 0.62. The company has a fifty day moving average price of $90.49 and a 200 day moving average price of $90.41. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.12 and a quick ratio of 0.90.

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

Coca Cola Femsa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 15th were paid a $0.874 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Tuesday, July 15th. Coca Cola Femsa's dividend payout ratio (DPR) is 60.42%.

Analysts Set New Price Targets

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

Coca Cola Femsa Profile

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.