Y Intercept Hong Kong Ltd Acquires New Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Y Intercept Hong Kong Ltd bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 32,009 shares of the company’s stock, valued at approximately $3,122,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its holdings in shares of Coca Cola Femsa by 7.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock worth $18,750,000 after acquiring an additional 14,687 shares during the period. Gradient Investments LLC lifted its holdings in Coca Cola Femsa by 51.5% in the fourth quarter. Gradient Investments LLC now owns 20,120 shares of the company’s stock worth $1,906,000 after purchasing an additional 6,843 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund grew its position in Coca Cola Femsa by 32.7% in the 4th quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund now owns 41,903 shares of the company’s stock valued at $3,969,000 after buying an additional 10,319 shares in the last quarter. ABC Arbitrage SA raised its position in shares of Coca Cola Femsa by 112.3% during the 4th quarter. ABC Arbitrage SA now owns 10,386 shares of the company’s stock worth $984,000 after buying an additional 5,493 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in shares of Coca Cola Femsa by 4.1% in the 4th quarter. Natixis Advisors LLC now owns 189,510 shares of the company’s stock worth $17,948,000 after acquiring an additional 7,549 shares during the period.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. UBS Group cut Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. Barclays boosted their price objective on Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. raised their target price on Coca Cola Femsa from $110.00 to $114.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Coca Cola Femsa Stock Down 0.9%

KOF traded down $0.95 during trading on Tuesday, reaching $107.13. 12,049 shares of the stock traded hands, compared to its average volume of 175,631. The stock has a market cap of $180.06 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.30 and a beta of 0.53. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 0.91. The stock’s 50-day simple moving average is $106.16 and its two-hundred day simple moving average is $103.49. 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.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. As a group, equities research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.8 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Monday, July 13th will be issued a dividend of $1.1248 per share. The ex-dividend date of this dividend is Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a yield of 4.2%. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s payout ratio is currently 66.67%.

Coca Cola Femsa Company 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.