WNY Asset Management LLC Makes New $1.24 Million Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

WNY Asset Management LLC bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 6,508 shares of the company’s stock, valued at approximately $1,242,000.

Several other institutional investors have also recently made changes to their positions in KOF. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Coca Cola Femsa during the second quarter valued at approximately $36,000. Global Retirement Partners LLC purchased a new stake in Coca Cola Femsa in the second quarter worth $46,000. Paladin Partners LLC bought a new position in Coca Cola Femsa in the second quarter worth $25,000. Caitong International Asset Management Co. Ltd raised its holdings in Coca Cola Femsa by 482.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 275 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in Coca Cola Femsa by 79.3% during the fourth 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 period.

Analyst Ratings Changes

A number of research firms have recently weighed in on KOF. Barclays upped 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. UBS Group lifted their price target on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. 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. 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 report on Wednesday, July 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Coca Cola Femsa in a report on Wednesday. Four 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 currently has a consensus rating of “Hold” and an average target price of $118.83.

Coca Cola Femsa Stock Down 1.5%

NYSE:KOF opened at $113.08 on Friday. The firm has a market cap of $190.05 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.36 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $80.22 and a fifty-two week high of $117.09. The firm has a 50-day simple moving average of $107.61 and a two-hundred day simple moving average of $105.67.

Coca Cola Femsa (NYSE:KOF) last issued its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (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%. Analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.93 earnings per share 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. Investors of record on Monday, July 13th were issued a $1.1248 dividend. This represents a $4.50 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Monday, July 13th. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 61.99%.

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.