Brandes Investment Partners LP Buys 27,406 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

Brandes Investment Partners LP boosted its stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 1,037.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,048 shares of the company’s stock after acquiring an additional 27,406 shares during the quarter. Brandes Investment Partners LP’s holdings in Coca Cola Femsa were worth $2,846,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its position in 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 in the last quarter. Huntington National Bank bought a new stake in Coca Cola Femsa during the 3rd quarter worth about $37,000. Farther Finance Advisors LLC lifted 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 worth $48,000 after buying an additional 422 shares in the last quarter. Global Retirement Partners LLC lifted its position 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 buying an additional 300 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in Coca Cola Femsa during the 3rd quarter worth about $49,000.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. The Goldman Sachs Group boosted their price target on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Barclays boosted their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Bradesco Corretora raised shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 target price on the stock in a report on Wednesday, February 11th. Finally, UBS Group cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

Coca Cola Femsa Stock Down 0.0%

Shares of KOF opened at $104.31 on Thursday. Coca Cola Femsa S.A.B. de C.V. has a 52 week low of $80.22 and a 52 week high of $116.36. The firm has a market cap of $175.31 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.26 and a beta of 0.53. The firm’s 50-day simple moving average is $104.17 and its 200 day simple moving average is $101.31. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 EPS for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. On average, analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.8 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Monday, April 20th were paid a $1.0873 dividend. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.00. The ex-dividend date was Monday, April 20th. This represents a $4.35 dividend on an annualized basis and a yield of 4.2%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 66.67%.

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.