Coca Cola Femsa S.A.B. de C.V. $KOF Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,245 shares of the company’s stock after buying an additional 217 shares during the quarter. QRG Capital Management Inc.’s holdings in Coca Cola Femsa were worth $411,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in Coca Cola Femsa by 13.3% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,099 shares of the company’s stock worth $493,000 after buying an additional 599 shares during the period. Truist Financial Corp increased its holdings in Coca Cola Femsa by 43.3% in the 2nd quarter. Truist Financial Corp now owns 6,100 shares of the company’s stock worth $590,000 after buying an additional 1,843 shares during the period. Archford Capital Strategies LLC acquired a new position in Coca Cola Femsa in the 2nd quarter worth approximately $3,826,000. ABS Direct Equity Fund LLC acquired a new position in Coca Cola Femsa in the 2nd quarter worth approximately $740,000. Finally, Kathmere Capital Management LLC increased its holdings in Coca Cola Femsa by 6.5% in the 2nd quarter. Kathmere Capital Management LLC now owns 9,940 shares of the company’s stock worth $961,000 after buying an additional 610 shares during the period.

Coca Cola Femsa Price Performance

Coca Cola Femsa stock opened at $82.41 on Friday. The company’s fifty day moving average price is $84.28 and its 200 day moving average price is $90.21. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $72.68 and a 1 year high of $101.74. The stock has a market capitalization of $138.50 billion, a P/E ratio of 14.43, a P/E/G ratio of 1.06 and a beta of 0.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.12.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.22). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The company had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.89 billion. As a group, equities research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 5.7 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, October 14th will be paid a $1.0006 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $4.00 dividend on an annualized basis and a yield of 4.9%. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $0.87. Coca Cola Femsa’s dividend payout ratio is 60.42%.

Analyst Upgrades and Downgrades

KOF has been the topic of several research reports. Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the stock an “overweight” rating in a report on Thursday, July 31st. Wall Street Zen downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Sunday, July 13th. UBS Group raised their price objective on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Zacks Research cut shares of Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 24th. Finally, Weiss Ratings cut shares of Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Coca Cola Femsa presently has a consensus rating of “Hold” and a consensus target price of $105.00.

Coca Cola Femsa 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.