Mill Capital Management LLC Takes $2.73 Million Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Mill Capital Management LLC bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 33,644 shares of the company’s stock, valued at approximately $2,734,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Bank of America Corp DE raised its holdings in shares of Coca Cola Femsa by 87.4% in the 2nd quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after acquiring an additional 274,894 shares during the last quarter. Deutsche Bank AG boosted its stake in Coca Cola Femsa by 8,190.2% during the 4th quarter. Deutsche Bank AG now owns 117,389 shares of the company’s stock valued at $11,118,000 after purchasing an additional 115,973 shares during the last quarter. Invesco Ltd. boosted its stake in Coca Cola Femsa by 34.6% during the 3rd quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock valued at $25,035,000 after purchasing an additional 77,475 shares during the last quarter. Jump Financial LLC bought a new stake in Coca Cola Femsa during the 3rd quarter worth approximately $3,712,000. Finally, Raymond James Financial Inc. increased its holdings in Coca Cola Femsa by 163.7% during the 2nd quarter. Raymond James Financial Inc. now owns 70,936 shares of the company’s stock worth $6,862,000 after purchasing an additional 44,039 shares in the last quarter.

Coca Cola Femsa Trading Down 0.1%

NYSE:KOF opened at $108.69 on Friday. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $80.22 and a 52 week high of $116.36. The firm has a 50-day moving average price of $106.50 and a two-hundred day moving average price of $105.29. 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 firm has a market cap of $182.67 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last announced its earnings results 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 for the quarter. On average, equities analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.75 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were given a dividend of $1.1248 per share. The ex-dividend date of this dividend was Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.1%. Coca Cola Femsa’s dividend payout ratio (DPR) is 62.15%.

Analysts Set New Price Targets

KOF has been the subject of several analyst reports. JPMorgan Chase & Co. increased 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. Barclays lifted their target price on 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. Wall Street Zen upgraded Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. HSBC restated a “hold” rating and set a $116.00 price objective on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Coca Cola Femsa presently has an average rating of “Hold” and a consensus price target of $118.83.

Coca Cola Femsa Company 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.