Coca Cola Femsa S.A.B. de C.V. (KOF) to Issue Quarterly Dividend of $1.09 on May 1st

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) announced a quarterly dividend on Tuesday, April 7th. Investors of record on Monday, April 20th will be given a dividend of 1.0873 per share on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, April 20th. This is a 9.0% increase from Coca Cola Femsa’s previous quarterly dividend of $1.00.

Coca Cola Femsa has raised its dividend by an average of 0.1%annually over the last three years. Coca Cola Femsa has a payout ratio of 52.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Coca Cola Femsa to earn $6.87 per share next year, which means the company should continue to be able to cover its $3.85 annual dividend with an expected future payout ratio of 56.0%.

Coca Cola Femsa Price Performance

KOF opened at $103.78 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.91 and a debt-to-equity ratio of 0.47. The company has a market cap of $174.41 billion, a price-to-earnings ratio of 17.41, a price-to-earnings-growth ratio of 1.10 and a beta of 0.54. The stock has a fifty day simple moving average of $103.86 and a two-hundred day simple moving average of $96.20. Coca Cola Femsa has a 12-month low of $80.22 and a 12-month high of $116.36.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Saturday, February 14th. The company reported $2.00 earnings per share for the quarter. The firm had revenue of $4.31 billion for the quarter. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. Research analysts predict that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Coca Cola Femsa

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KOF. Invesco Ltd. increased its holdings in shares of Coca Cola Femsa by 3.6% in the 4th quarter. Invesco Ltd. now owns 311,979 shares of the company’s stock worth $29,547,000 after purchasing an additional 10,713 shares in the last quarter. Summit Global Investments purchased a new stake in shares of Coca Cola Femsa during the fourth quarter valued at $1,701,000. Vident Advisory LLC increased its holdings in Coca Cola Femsa by 2.4% in the 4th quarter. Vident Advisory LLC now owns 6,498 shares of the company’s stock worth $615,000 after buying an additional 152 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Coca Cola Femsa by 2,987.3% in the 4th quarter. NewEdge Advisors LLC now owns 2,192 shares of the company’s stock worth $208,000 after buying an additional 2,121 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its position in Coca Cola Femsa by 1.8% in the 4th quarter. Voloridge Investment Management LLC now owns 81,644 shares of the company’s stock worth $7,733,000 after buying an additional 1,469 shares during the last quarter.

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.