7,976 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Acquired by Laraway Financial Advisors Inc

Laraway Financial Advisors Inc bought a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,976 shares of the company’s stock, valued at approximately $648,000.

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

Analysts Set New Price Targets

Several equities analysts recently commented on KOF shares. Barclays upped 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. Wall Street Zen raised Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. lifted their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. 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. Finally, UBS Group increased their price objective on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $118.83.

Coca Cola Femsa Stock Down 0.1%

Shares of KOF opened at $108.69 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 $116.36. The company’s fifty day moving average is $106.50 and its two-hundred day moving average is $105.29. The firm has a market cap of $182.67 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The business had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. Analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.75 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were given a dividend of $1.1248 per share. This represents a $4.50 dividend on an annualized basis and a yield of 4.1%. 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. Coca Cola Femsa’s dividend payout ratio (DPR) 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.