320,898 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Bought by Stack Financial Management Inc

Stack Financial Management Inc acquired a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 320,898 shares of the company’s stock, valued at approximately $26,079,000. Coca Cola Femsa accounts for about 2.0% of Stack Financial Management Inc’s investment portfolio, making the stock its 17th largest position.

A number of other institutional investors also recently bought and sold shares of KOF. Caitong International Asset Management Co. Ltd increased its stake in Coca Cola Femsa by 482.5% in the third 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 during the period. Smartleaf Asset Management LLC boosted its stake in shares of Coca Cola Femsa by 79.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after buying an additional 153 shares during the period. Whipplewood Advisors LLC grew its holdings 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 worth $42,000 after buying an additional 388 shares during the last quarter. Farther Finance Advisors LLC increased its position in Coca Cola Femsa by 490.7% in the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock valued at $48,000 after acquiring an additional 422 shares during the period. Finally, Global Retirement Partners LLC increased its position in Coca Cola Femsa by 138.9% in the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock valued at $49,000 after acquiring an additional 300 shares during the period.

Coca Cola Femsa Price Performance

Coca Cola Femsa stock opened at $108.69 on Friday. Coca Cola Femsa S.A.B. de C.V. has a one year low of $80.22 and a one year high of $116.36. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. The business has a fifty day moving average of $106.50 and a two-hundred day moving average of $105.29. The company has a market cap of $182.67 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last issued its earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. The company had revenue of $4.36 billion for the quarter. As a group, analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.75 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 paid a $1.1248 dividend. This represents a $4.50 annualized dividend and a dividend yield of 4.1%. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. Coca Cola Femsa’s dividend payout ratio (DPR) is 62.15%.

Analysts Set New Price Targets

A number of research firms have weighed in on KOF. Wall Street Zen raised Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. HSBC reiterated a “hold” rating and issued a $116.00 target price on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. JPMorgan Chase & Co. upped their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Barclays upped their price target on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Finally, Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Coca Cola Femsa 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.