Wellington Management Group LLP Buys Shares of 28,125 Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• Wellington Management Group LLP has acquired a new stake in Coca Cola Femsa, purchasing 28,125 shares worth approximately $2.57 million in the first quarter of the year.
• Coca Cola Femsa recently reported earnings of $1.30 per share, missing the consensus estimate of $1.52, with revenues totaling $3.74 billion, below expected figures.
• The company declared a quarterly dividend of $0.874 per share, which represents an annualized dividend yield of 4.1%, with a payout ratio of 60.42%.

Wellington Management Group LLP purchased a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,125 shares of the company's stock, valued at approximately $2,568,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of KOF. Corient IA LLC acquired a new position in Coca Cola Femsa in the first quarter worth approximately $456,000. Cresset Asset Management LLC bought a new position in shares of Coca Cola Femsa during the first quarter valued at $264,000. Boston Partners lifted its holdings in shares of Coca Cola Femsa by 36.2% during the first quarter. Boston Partners now owns 37,341 shares of the company's stock valued at $3,409,000 after acquiring an additional 9,933 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Coca Cola Femsa by 40.5% in the first quarter. Russell Investments Group Ltd. now owns 4,499 shares of the company's stock valued at $411,000 after buying an additional 1,298 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Coca Cola Femsa by 90.1% in the first quarter. HighTower Advisors LLC now owns 8,229 shares of the company's stock valued at $751,000 after buying an additional 3,900 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KOF. Wall Street Zen lowered Coca Cola Femsa from a "buy" rating to a "hold" rating in a research note on Sunday, July 13th. JPMorgan Chase & Co. lowered their price objective 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. 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. Zacks Research lowered Coca Cola Femsa from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 26th. Finally, UBS Group lifted their price objective on Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $105.50.

Coca Cola Femsa Stock Up 2.4%

NYSE KOF traded up $1.97 during trading on Thursday, hitting $83.21. The stock had a trading volume of 126,309 shares, compared to its average volume of 218,208. The company has a market capitalization of $139.85 billion, a PE ratio of 14.57, a P/E/G ratio of 1.04 and a beta of 0.64. The company's 50-day moving average price is $87.66 and its two-hundred day moving average price is $90.88. 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 12 month low of $72.68 and a 12 month high of $101.74.

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

Coca Cola Femsa Announces Dividend

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

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.