Plan Group Financial LLC Purchases Shares of 4,831 Coca Cola Femsa S.A.B. de C.V. $KOF

Plan Group Financial LLC bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,831 shares of the company’s stock, valued at approximately $393,000.

Several other hedge funds have also added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its stake 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 acquiring an additional 275 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Coca Cola Femsa by 79.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after acquiring an additional 153 shares during the period. Whipplewood Advisors LLC boosted its stake in shares of Coca Cola Femsa by 862.2% during 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 in the last quarter. Farther Finance Advisors LLC boosted its position in Coca Cola Femsa by 490.7% during the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock valued at $48,000 after acquiring an additional 422 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its position in shares of Coca Cola Femsa by 138.9% during the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock valued at $49,000 after purchasing an additional 300 shares in the last quarter.

Coca Cola Femsa Trading Down 0.1%

Shares of KOF stock opened at $108.69 on Friday. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The stock has a market capitalization 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 S.A.B. de C.V. has a 12-month low of $80.22 and a 12-month high of $116.36. The stock’s 50-day moving average price is $106.50 and its 200-day moving average price is $105.29.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly 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 company had revenue of $4.36 billion during the quarter. Equities research analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.75 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 issued a dividend of $1.1248 per share. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Monday, July 13th. This represents a $4.50 annualized dividend and a dividend yield of 4.1%. Coca Cola Femsa’s payout ratio is currently 62.15%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. 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. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research 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 report on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Finally, HSBC reissued a “hold” rating and set a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average 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.