Jupiter Topco LLC Takes $17.91 Million Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Jupiter Topco LLC purchased a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the second quarter, HoldingsChannel.com reports. The fund purchased 93,804 shares of the company’s stock, valued at approximately $17,908,000.

Several other large investors have also made changes to their positions in KOF. Paladin Partners LLC acquired a new position in Coca Cola Femsa during the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Coca Cola Femsa by 482.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 275 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Coca Cola Femsa by 79.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after purchasing an additional 153 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of Coca Cola Femsa in the 2nd quarter valued at $36,000. Finally, Whipplewood Advisors LLC increased its stake in shares of Coca Cola Femsa by 862.2% in the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock valued at $42,000 after purchasing an additional 388 shares during the last quarter.

Coca Cola Femsa Trading Down 0.3%

NYSE KOF opened at $112.66 on Friday. The company has a market cap of $189.34 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.32 and a beta of 0.52. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $80.22 and a twelve month high of $117.09. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average is $107.68 and its 200 day moving average is $105.72.

Coca Cola Femsa (NYSE:KOF) last posted its earnings results on Wednesday, July 1st. The company reported $1.69 EPS 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. As a group, sell-side analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 7.03 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

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

Analyst Upgrades and Downgrades

KOF has been the subject of several recent analyst reports. Barclays upped their price objective on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Wall Street Zen upgraded Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. HSBC reissued a “hold” rating and set a $116.00 target price on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca Cola Femsa in a report on Wednesday. Finally, UBS Group raised their price target on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $118.83.

Coca Cola Femsa Profile

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.