Deutsche Bank AG Buys New Shares in Coca Cola Femsa S.A.B. de C.V. $KOF

Deutsche Bank AG 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 filing with the SEC. The firm purchased 18,396 shares of the company’s stock, valued at approximately $3,512,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Parallel Advisors LLC grew its position in Coca Cola Femsa by 19.1% during the fourth quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock valued at $58,000 after acquiring an additional 99 shares during the period. EverSource Wealth Advisors LLC increased its position in Coca Cola Femsa by 8.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company’s stock worth $134,000 after purchasing an additional 101 shares in the last quarter. Kathmere Capital Management LLC raised its holdings in Coca Cola Femsa by 1.5% in the first quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company’s stock valued at $728,000 after buying an additional 112 shares during the period. Vise Technologies Inc. lifted its position in Coca Cola Femsa by 0.6% during the fourth quarter. Vise Technologies Inc. now owns 23,877 shares of the company’s stock valued at $2,261,000 after buying an additional 150 shares in the last quarter. Finally, Vident Advisory LLC increased its position in shares of Coca Cola Femsa by 2.4% in the fourth quarter. Vident Advisory LLC now owns 6,498 shares of the company’s stock worth $615,000 after acquiring an additional 152 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. JPMorgan Chase & Co. boosted their price objective 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. HSBC reaffirmed a “hold” rating and issued a $116.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Barclays increased 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. Finally, Wall Street Zen upgraded Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. 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 stock has a consensus rating of “Hold” and an average price target of $118.83.

Coca Cola Femsa Stock Performance

NYSE:KOF opened at $114.79 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87. The firm has a 50-day moving average of $107.54 and a two-hundred day moving average of $105.65. The stock has a market cap of $192.92 billion, a P/E ratio of 18.11, a PEG ratio of 1.39 and a beta of 0.52. Coca Cola Femsa S.A.B. de C.V. has a 1-year low of $80.22 and a 1-year high of $117.09.

Coca Cola Femsa (NYSE:KOF) last announced its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The business had revenue of $4.36 billion for the quarter. On average, research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.93 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were paid 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 was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a yield of 3.9%. Coca Cola Femsa’s payout ratio is 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.