MQS Management LLC Makes New Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

MQS Management LLC acquired a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,468 shares of the company’s stock, valued at approximately $335,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Ethic Inc. boosted its holdings in Coca Cola Femsa by 3.4% in the second quarter. Ethic Inc. now owns 4,699 shares of the company’s stock worth $444,000 after purchasing an additional 154 shares during the period. TrueMark Investments LLC acquired a new position in Coca Cola Femsa in the second quarter worth $2,143,000. William Blair Investment Management LLC acquired a new position in Coca Cola Femsa in the second quarter worth $5,539,000. Sequoia Financial Advisors LLC acquired a new position in Coca Cola Femsa in the second quarter worth $417,000. Finally, CWM LLC boosted its holdings in Coca Cola Femsa by 19.7% in the second quarter. CWM LLC now owns 722 shares of the company’s stock worth $70,000 after purchasing an additional 119 shares during the period.

Coca Cola Femsa Price Performance

Shares of NYSE KOF opened at $87.01 on Monday. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $72.68 and a fifty-two week high of $101.74. The firm’s 50-day simple moving average is $84.18 and its 200 day simple moving average is $89.59. The company has a quick ratio of 0.90, a current ratio of 1.12 and a debt-to-equity ratio of 0.54. The stock has a market cap of $146.24 billion, a P/E ratio of 15.16, a P/E/G ratio of 1.10 and a beta of 0.62.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Friday, October 24th. The company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.48 by $0.03. Coca Cola Femsa had a net margin of 8.13% and a return on equity of 16.07%. The business had revenue of $3.88 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Equities analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, October 14th will be paid a dividend of $1.0006 per share. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $0.87. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, October 14th. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 63.05%.

Wall Street Analysts Forecast Growth

KOF has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Coca Cola Femsa in a report on Friday. UBS Group boosted their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Zacks Research downgraded shares of Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 24th. Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $105.00.

Coca Cola Femsa Company Profile

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.