Northstar Group Inc. Makes New Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Northstar Group Inc. acquired a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 33,751 shares of the company’s stock, valued at approximately $2,743,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC grew its holdings in shares of Coca Cola Femsa by 19.1% in the fourth quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock worth $58,000 after purchasing an additional 99 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of 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 buying an additional 101 shares during the period. Kathmere Capital Management LLC raised its holdings in Coca Cola Femsa by 1.5% during the 1st quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company’s stock valued at $728,000 after buying an additional 112 shares during the last quarter. Vise Technologies Inc. raised its holdings in 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 during the last quarter. Finally, Vident Advisory LLC raised its holdings in 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 buying an additional 152 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. Wall Street Zen raised shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. UBS Group upped their price objective 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. HSBC reiterated a “hold” rating and set a $116.00 target price on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Finally, JPMorgan Chase & Co. raised 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. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $118.83.

Coca Cola Femsa Price Performance

Shares of Coca Cola Femsa stock opened at $108.69 on Friday. 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 company has a market cap of $182.67 billion, a PE ratio of 17.14, a P/E/G ratio of 1.33 and a beta of 0.52. The business has a 50 day moving average of $106.50 and a 200 day moving average of $105.29. 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.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The company had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. As a group, equities research analysts forecast 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 business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were issued a $1.1248 dividend. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. This represents a $4.50 annualized dividend and a yield of 4.1%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 62.15%.

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.