Banco BTG Pactual S.A. Purchases Shares of 21,279 Coca Cola Femsa S.A.B. de C.V. $KOF

Banco BTG Pactual S.A. purchased a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,279 shares of the company’s stock, valued at approximately $2,015,000.

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

Wall Street Analysts Forecast Growth

KOF has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. UBS Group lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Barclays upped their target price on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, Bank of America reiterated a “buy” rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.00.

Coca Cola Femsa Price Performance

Shares of NYSE:KOF opened at $107.17 on Friday. The company’s 50-day moving average is $104.36 and its 200 day moving average is $101.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10. The company has a market capitalization of $180.12 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 1.26 and a beta of 0.53. 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 $116.36.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results 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, equities research 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 issued a $1.0873 dividend. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, April 20th. This represents a $4.35 dividend on an annualized basis and a dividend yield of 4.1%. Coca Cola Femsa’s payout ratio is presently 66.67%.

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.