Coca Cola Femsa S.A.B. de C.V. (KOF) To Go Ex-Dividend on April 20th

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) declared a quarterly dividend on Tuesday, April 7th. Investors of record on Monday, April 20th will be paid a dividend of 1.0873 per share on Friday, May 1st. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, April 20th. This is a 9.0% increase from Coca Cola Femsa’s previous quarterly dividend of $1.00.

Coca Cola Femsa has increased its dividend by an average of 0.1%annually over the last three years. Coca Cola Femsa has a dividend payout ratio of 49.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Coca Cola Femsa to earn $6.87 per share next year, which means the company should continue to be able to cover its $3.69 annual dividend with an expected future payout ratio of 53.7%.

Coca Cola Femsa Trading Up 5.5%

Shares of Coca Cola Femsa stock opened at $104.31 on Thursday. The company has a market capitalization of $175.31 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.06 and a beta of 0.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.91 and a current ratio of 1.12. The company has a fifty day moving average of $104.23 and a 200 day moving average of $95.32. Coca Cola Femsa has a fifty-two week low of $80.22 and a fifty-two week high of $116.36.

Coca Cola Femsa (NYSE:KOF) last issued its earnings results on Saturday, February 14th. The company reported $2.00 earnings per share for the quarter. The company had revenue of $4.31 billion during the quarter. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. On average, sell-side analysts anticipate that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Institutional Trading of Coca Cola Femsa

Several hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC raised its position in shares of Coca Cola Femsa by 19.1% during the 4th quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock valued at $58,000 after buying an additional 99 shares in the last quarter. Signaturefd LLC raised its position in shares of Coca Cola Femsa by 22.7% during the 4th quarter. Signaturefd LLC now owns 708 shares of the company’s stock valued at $67,000 after buying an additional 131 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Coca Cola Femsa by 14.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock valued at $88,000 after buying an additional 135 shares in the last quarter. Ethic Inc. raised its position in shares of Coca Cola Femsa by 3.1% during the 3rd quarter. Ethic Inc. now owns 4,847 shares of the company’s stock valued at $403,000 after buying an additional 148 shares in the last quarter. Finally, Vise Technologies Inc. raised its position in shares of Coca Cola Femsa by 0.6% during the 4th quarter. Vise Technologies Inc. now owns 23,877 shares of the company’s stock valued at $2,261,000 after buying an additional 150 shares in the last quarter.

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.