BLI Banque de Luxembourg Investments Trims Position in Coca Cola Femsa S.A.B. de C.V. $KOF

BLI Banque de Luxembourg Investments trimmed its position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the company’s stock after selling 8,500 shares during the period. BLI Banque de Luxembourg Investments’ holdings in Coca Cola Femsa were worth $5,703,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of Coca Cola Femsa by 7.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock worth $18,750,000 after buying an additional 14,687 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Coca Cola Femsa during the 3rd quarter worth $464,000. Gradient Investments LLC increased its holdings in Coca Cola Femsa by 51.5% in the 4th quarter. Gradient Investments LLC now owns 20,120 shares of the company’s stock valued at $1,906,000 after purchasing an additional 6,843 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new stake in Coca Cola Femsa in the 3rd quarter valued at $706,000. Finally, ABC Arbitrage SA increased its holdings in Coca Cola Femsa by 112.3% in the 4th quarter. ABC Arbitrage SA now owns 10,386 shares of the company’s stock valued at $984,000 after purchasing an additional 5,493 shares in the last quarter.

Coca Cola Femsa Stock Performance

NYSE:KOF opened at $104.88 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 0.91. The firm has a 50-day moving average of $103.83 and a two-hundred day moving average of $101.07. The stock has a market cap of $176.28 billion, a P/E ratio of 17.66, a PEG ratio of 1.29 and a beta of 0.53. 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.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. On average, research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.8 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, May 1st. Shareholders of record on Monday, April 20th were given a $1.0873 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, April 20th. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.00. Coca Cola Femsa’s dividend payout ratio is currently 66.67%.

Wall Street Analysts Forecast Growth

KOF has been the subject of several recent research reports. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. JPMorgan Chase & Co. increased their price target on Coca Cola Femsa from $110.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Wall Street Zen upgraded Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Bank of America reiterated a “buy” rating on shares of Coca Cola Femsa in a report on Monday, March 2nd. Finally, The Goldman Sachs Group increased their price target on Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.00.

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.