Plato Investment Management Ltd Invests $11.37 Million in Coca Cola Femsa S.A.B. de C.V. $KOF

Plato Investment Management Ltd acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the second quarter, HoldingsChannel reports. The firm acquired 140,677 shares of the company’s stock, valued at approximately $11,366,000. Coca Cola Femsa accounts for approximately 0.6% of Plato Investment Management Ltd’s holdings, making the stock its 29th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings 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 purchasing an additional 275 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Coca Cola Femsa by 79.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after purchasing an additional 153 shares during the period. Whipplewood Advisors LLC boosted its holdings in shares of Coca Cola Femsa by 862.2% in the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock valued at $42,000 after acquiring an additional 388 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in Coca Cola Femsa during the second quarter worth about $46,000. Finally, Farther Finance Advisors LLC raised its holdings in Coca Cola Femsa by 490.7% in the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after purchasing an additional 422 shares during the period.

Coca Cola Femsa Stock Performance

KOF opened at $108.69 on Monday. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $80.22 and a twelve month high of $116.36. 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 cap of $182.67 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52. The business’s 50 day moving average is $106.50 and its 200-day moving average is $105.28.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The business had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. On average, analysts predict 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were paid a $1.1248 dividend. The ex-dividend date of this dividend was Monday, July 13th. This is a boost 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%. Coca Cola Femsa’s payout ratio is 62.15%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. raised their target price on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Barclays increased their price target on shares of 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. UBS Group increased their price target on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock 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.