Man Group plc Makes New $5.64 Million Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Man Group plc purchased a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 29,550 shares of the company’s stock, valued at approximately $5,642,000.

Several other large investors have also modified their holdings of the company. NewEdge Advisors LLC boosted its holdings in Coca Cola Femsa by 230,700.0% during the first quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after acquiring an additional 2,307 shares during the period. Jones Financial Companies Lllp grew its holdings in Coca Cola Femsa by 211.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after buying an additional 3,351 shares during the last quarter. CW Advisors LLC bought a new position in Coca Cola Femsa in the 2nd quarter worth approximately $260,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Coca Cola Femsa by 186.6% during the second quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock worth $89,000 after buying an additional 601 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Coca Cola Femsa by 11.9% during the second quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock worth $11,778,000 after buying an additional 12,979 shares during the last quarter.

Analysts Set New Price Targets

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

Coca Cola Femsa Stock Down 0.3%

Shares of KOF opened at $112.66 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $107.68 and a two-hundred day moving average price of $105.72. The stock has a market cap of $189.34 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 1.32 and a beta of 0.52. Coca Cola Femsa S.A.B. de C.V. has a 12 month low of $80.22 and a 12 month high of $117.09.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The company had revenue of $4.36 billion for the quarter. Equities analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 7.03 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were paid a $1.1248 dividend. The ex-dividend date was Monday, July 13th. This represents a $4.50 annualized dividend and a dividend yield of 4.0%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio is presently 62.15%.

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.