Hsbc Holdings PLC Takes Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Hsbc Holdings PLC bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 112,311 shares of the company’s stock, valued at approximately $21,605,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Paladin Partners LLC purchased a new position in Coca Cola Femsa during the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd boosted 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 worth $28,000 after purchasing an additional 275 shares in the last quarter. 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. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Coca Cola Femsa during the 2nd quarter worth approximately $36,000. Finally, 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.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their target price on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. HSBC restated a “hold” rating and set a $116.00 price target on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Barclays upped their price objective on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th. Wall Street Zen raised shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $118.83.

Coca Cola Femsa Trading Down 1.5%

Shares of KOF stock opened at $113.08 on Friday. Coca Cola Femsa S.A.B. de C.V. has a 1-year low of $80.22 and a 1-year high of $117.09. The company has a market cap of $190.05 billion, a price-to-earnings ratio of 17.84, a PEG ratio of 1.36 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87. The stock has a 50 day simple moving average of $107.61 and a 200-day simple moving average of $105.67.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The firm had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. On average, equities research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.93 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were issued a dividend of $1.1248 per share. The ex-dividend date of this dividend was Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a yield of 4.0%. Coca Cola Femsa’s payout ratio is 61.99%.

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.