192,133 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Bought by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec purchased a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, HoldingsChannel reports. The firm purchased 192,133 shares of the company’s stock, valued at approximately $36,682,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Paladin Partners LLC bought a new position in Coca Cola Femsa in the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Coca Cola Femsa by 482.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after purchasing an additional 275 shares in the last quarter. Smartleaf Asset Management LLC boosted 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 valued at $33,000 after purchasing an additional 153 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Coca Cola Femsa during the 2nd quarter valued at about $36,000. Finally, Whipplewood Advisors LLC increased its position in shares of Coca Cola Femsa by 862.2% during the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock valued at $42,000 after buying an additional 388 shares during the period.

Coca Cola Femsa Price Performance

Shares of KOF opened at $112.66 on Friday. 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 $117.09. The firm’s 50-day simple moving average is $107.68 and its two-hundred day simple moving average is $105.72. The stock has a market cap of $189.34 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.32 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04.

Coca Cola Femsa (NYSE:KOF) last released its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The firm had revenue of $4.36 billion during the quarter. Analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 7.03 earnings per share 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. Investors of record on Monday, July 13th were given a dividend of $1.1248 per share. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a yield of 4.0%. Coca Cola Femsa’s dividend payout ratio is 62.15%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KOF. JPMorgan Chase & Co. increased their price target on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. HSBC reaffirmed a “hold” rating and set a $116.00 price objective on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Wall Street Zen upgraded Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. UBS Group increased their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Barclays raised their target price on Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $118.83.

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.