S&CO Inc. Makes New $831,000 Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

S&CO Inc. acquired a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 2nd quarter, HoldingsChannel reports. The firm acquired 10,236 shares of the company’s stock, valued at approximately $831,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KOF. Caitong International Asset Management Co. Ltd grew its holdings in Coca Cola Femsa by 482.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after buying an additional 275 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Coca Cola Femsa by 79.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after buying an additional 153 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in 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 acquiring an additional 388 shares in the last quarter. Farther Finance Advisors LLC lifted its stake 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 holdings in Coca Cola Femsa by 138.9% during the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock worth $49,000 after acquiring an additional 300 shares during the last quarter.

Coca Cola Femsa Stock Down 0.1%

KOF stock opened at $108.69 on Friday. The stock’s fifty day simple moving average is $106.50 and its two-hundred day simple moving average is $105.29. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. 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 stock has a market cap of $182.66 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.33 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) 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 during the quarter. Analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.75 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were issued a $1.1248 dividend. This is an increase 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 dividend on an annualized basis and a dividend yield of 4.1%. Coca Cola Femsa’s payout ratio is presently 61.99%.

Wall Street Analysts Forecast Growth

Several analysts have 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 research note on Saturday, August 8th. Barclays raised 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 boosted their price target on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. upped their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, HSBC reaffirmed a “hold” rating and issued a $116.00 price objective on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Coca Cola Femsa has a consensus rating of “Hold” and a consensus price target of $118.83.

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.