ABC Arbitrage SA Grows Stock Position in Coca Cola Femsa S.A.B. de C.V. $KOF

ABC Arbitrage SA increased its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 108.1% during the 1st quarter, Holdings Channel reports. The fund owned 21,611 shares of the company’s stock after purchasing an additional 11,225 shares during the quarter. ABC Arbitrage SA’s holdings in Coca Cola Femsa were worth $2,108,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted 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 valued at $28,000 after acquiring an additional 275 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Coca Cola Femsa by 79.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after purchasing an additional 153 shares during the period. Whipplewood Advisors LLC increased its holdings in shares of 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 purchasing an additional 388 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of 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 purchasing an additional 422 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in shares of Coca Cola Femsa by 138.9% in the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock valued at $49,000 after purchasing an additional 300 shares during the period.

Analyst Upgrades and Downgrades

KOF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Coca Cola Femsa from $110.00 to $114.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Finally, Barclays raised their target price on Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Coca Cola Femsa presently has an average rating of “Moderate Buy” and an average price target of $115.00.

Coca Cola Femsa Stock Down 0.6%

KOF stock opened at $103.56 on Tuesday. The stock has a market capitalization of $174.04 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.26 and a beta of 0.53. The firm has a 50-day simple moving average of $106.49 and a 200-day simple moving average of $103.85. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. 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.

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%. Equities analysts forecast 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 firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 13th will be given a $1.1248 dividend. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.3%. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date is Monday, July 13th. 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.