Danske Bank A S Buys Shares of 3,453,563 Coca Cola Femsa S.A.B. de C.V. $KOF

Danske Bank A S bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,453,563 shares of the company’s stock, valued at approximately $280,671,000. Coca Cola Femsa makes up approximately 0.6% of Danske Bank A S’s investment portfolio, making the stock its 28th biggest position. Danske Bank A S owned approximately 0.21% of Coca Cola Femsa at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KOF. Parallel Advisors LLC raised its stake 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 worth $58,000 after acquiring an additional 99 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Coca Cola Femsa by 8.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company’s stock worth $134,000 after purchasing an additional 101 shares during the last quarter. Kathmere Capital Management LLC increased its position in shares of Coca Cola Femsa by 1.5% during the first quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company’s stock worth $728,000 after purchasing an additional 112 shares in the last quarter. Vise Technologies Inc. lifted its holdings 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 purchasing an additional 150 shares during the last quarter. Finally, Vident Advisory LLC lifted its holdings in shares of Coca Cola Femsa by 2.4% during the 4th quarter. Vident Advisory LLC now owns 6,498 shares of the company’s stock valued at $615,000 after purchasing an additional 152 shares during the last quarter.

Coca Cola Femsa Stock Performance

Shares of KOF stock opened at $109.54 on Wednesday. The business has a fifty day moving average of $106.68 and a 200 day moving average of $105.30. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $80.22 and a 1 year high of $116.36. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87. The firm has a market capitalization of $184.10 billion, a price-to-earnings ratio of 17.28, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The business had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. As a group, research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.75 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were given a $1.1248 dividend. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, July 13th. Coca Cola Femsa’s payout ratio is currently 61.99%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on KOF. JPMorgan Chase & Co. boosted their target price 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. Wall Street Zen upgraded Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Barclays lifted their target price on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Finally, HSBC reissued a “hold” rating and set a $116.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price 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.