Patron Partners LLC Buys New Stake in Coca Cola Femsa S.A.B. de C.V. $KOF

Patron Partners LLC bought 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 Form 13F filing with the Securities & Exchange Commission. The fund bought 5,938 shares of the company’s stock, valued at approximately $1,134,000.

A number of other large investors also recently added to or reduced their stakes in KOF. ABC Arbitrage SA grew its stake in shares of Coca Cola Femsa by 108.1% in the first quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock valued at $2,108,000 after buying an additional 11,225 shares in the last quarter. Summit Global Investments acquired a new position in Coca Cola Femsa during the 2nd quarter worth about $4,921,000. Everett Harris & Co. CA acquired a new position in Coca Cola Femsa during the 2nd quarter worth about $7,619,000. Stack Financial Management Inc purchased a new position in Coca Cola Femsa during the 2nd quarter valued at about $26,079,000. Finally, Danske Bank A S purchased a new position in Coca Cola Femsa during the 2nd quarter valued at about $280,671,000.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Wall Street Zen upgraded shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. UBS Group raised their price objective on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. HSBC restated a “hold” rating and issued a $116.00 price objective on shares of Coca Cola Femsa in a report on Tuesday, July 28th. JPMorgan Chase & Co. upped their target price on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $118.83.

Coca Cola Femsa Price Performance

KOF stock opened at $112.15 on Friday. 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 market capitalization of $188.49 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.34 and a beta of 0.52. The business’s 50-day moving average is $107.05 and its two-hundred day moving average is $105.48. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $80.22 and a 1 year high of $116.36.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (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 during the quarter. Analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were issued a $1.1248 dividend. This represents a $4.50 annualized dividend and a yield of 4.0%. 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 is currently 61.99%.

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.