Evolve Private Wealth LLC Acquires New Shares in Coca Cola Femsa S.A.B. de C.V. $KOF

Evolve Private Wealth LLC bought a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,291 shares of the company’s stock, valued at approximately $3,874,000.

Other hedge funds have also added to or reduced their stakes in the company. ABC Arbitrage SA increased its position in Coca Cola Femsa by 108.1% during the first quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock valued at $2,108,000 after acquiring an additional 11,225 shares during the last quarter. Summit Global Investments purchased a new position in Coca Cola Femsa in the second quarter worth about $4,921,000. Stack Financial Management Inc bought a new stake in shares of Coca Cola Femsa during the 2nd quarter valued at about $26,079,000. Everett Harris & Co. CA bought a new stake in shares of Coca Cola Femsa during the 2nd quarter valued at about $7,619,000. Finally, BIP Wealth LLC purchased a new stake in shares of Coca Cola Femsa during the 2nd quarter valued at about $6,129,000.

Coca Cola Femsa Trading Down 1.0%

Shares of Coca Cola Femsa stock opened at $112.15 on Friday. The company has a market capitalization of $188.49 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.33 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. The company has a fifty day moving average of $107.05 and a 200 day moving average of $105.48. 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 $116.36.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The firm had revenue of $4.36 billion during the quarter. On average, sell-side analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 6.93 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were paid a $1.1248 dividend. This represents a $4.50 annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, July 13th. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio is presently 62.15%.

Analyst Ratings Changes

KOF has been the topic of a number of research reports. Wall Street Zen raised shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. UBS Group increased their price target on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. HSBC reiterated a “hold” rating and set a $116.00 price target on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Barclays boosted their price objective on shares of 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. Finally, JPMorgan Chase & Co. upped their price objective on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $118.83.

About Coca Cola Femsa

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.