William Blair Investment Management LLC Takes Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Key Points

• William Blair Investment Management LLC has acquired a new position in Coca Cola Femsa with the purchase of 57,258 shares valued at approximately $5.5 million.
• The company recently declared a quarterly dividend of $1.0006 per share, which reflects an annualized dividend of $4.00 and an increase from the previous dividend of $0.87.
• Coca Cola Femsa's stock has a current market capitalization of $141.14 billion, with analysts assigning a consensus rating of "Hold" and an average price target of $105.00.

William Blair Investment Management LLC bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 57,258 shares of the company's stock, valued at approximately $5,539,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new stake in Coca Cola Femsa in the first quarter worth $88,634,000. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Coca Cola Femsa during the first quarter valued at about $8,782,000. Hosking Partners LLP bought a new position in Coca Cola Femsa in the first quarter worth about $7,918,000. Victory Capital Management Inc. bought a new position in Coca Cola Femsa in the first quarter worth about $7,612,000. Finally, Ramirez Asset Management Inc. raised its stake in Coca Cola Femsa by 98.4% in the second quarter. Ramirez Asset Management Inc. now owns 104,723 shares of the company's stock worth $10,130,000 after buying an additional 51,932 shares in the last quarter.

Wall Street Analysts Forecast Growth

KOF has been the subject of a number of analyst reports. Barclays set a $100.00 target price on shares of Coca Cola Femsa and gave the company an "overweight" rating in a research note on Thursday, July 31st. UBS Group raised their target price on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Wall Street Zen downgraded shares of Coca Cola Femsa from a "buy" rating to a "hold" rating in a research report on Sunday, July 13th. Weiss Ratings downgraded shares of Coca Cola Femsa from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of Coca Cola Femsa from a "hold" rating to a "strong sell" rating in a research report on Wednesday, September 24th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Coca Cola Femsa presently has a consensus rating of "Hold" and an average price target of $105.00.

Coca Cola Femsa Stock Performance

Shares of NYSE:KOF opened at $83.98 on Tuesday. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $72.68 and a 52 week high of $101.74. The stock has a market capitalization of $141.14 billion, a P/E ratio of 14.71, a PEG ratio of 1.09 and a beta of 0.62. The firm has a fifty day simple moving average of $84.14 and a two-hundred day simple moving average of $89.75. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54.

Coca Cola Femsa (NYSE:KOF - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 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 firm had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.89 billion. On average, analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, October 14th will be paid a dividend of $1.0006 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from Coca Cola Femsa's previous quarterly dividend of $0.87. Coca Cola Femsa's dividend payout ratio is presently 63.05%.

Coca Cola Femsa Company 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.

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