Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) Declares Quarterly Dividend of $1.09

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) declared a quarterly dividend on Tuesday, April 7th. Investors of record on Monday, April 20th will be paid a dividend of 1.0873 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Monday, April 20th. This is a 9.0% increase from Coca Cola Femsa’s previous quarterly dividend of $1.00.

Coca Cola Femsa has increased its dividend by an average of 0.1%per year over the last three years. Coca Cola Femsa has a dividend payout ratio of 49.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Coca Cola Femsa to earn $6.87 per share next year, which means the company should continue to be able to cover its $3.69 annual dividend with an expected future payout ratio of 53.7%.

Coca Cola Femsa Trading Up 5.5%

NYSE KOF traded up $5.44 during trading hours on Wednesday, reaching $104.31. The company’s stock had a trading volume of 230,290 shares, compared to its average volume of 210,126. The firm has a fifty day simple moving average of $104.28 and a 200-day simple moving average of $95.25. The stock has a market cap of $175.31 billion, a P/E ratio of 17.50, a P/E/G ratio of 1.06 and a beta of 0.54. Coca Cola Femsa has a 52 week low of $80.22 and a 52 week high of $116.36. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.12 and a quick ratio of 0.91.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Saturday, February 14th. The company reported $2.00 earnings per share (EPS) for the quarter. The business had revenue of $4.31 billion during the quarter. Coca Cola Femsa had a net margin of 8.18% and a return on equity of 15.97%. Equities analysts forecast that Coca Cola Femsa will post 5.7 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in Coca Cola Femsa by 482.5% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after purchasing an additional 275 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in Coca Cola Femsa by 79.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after purchasing an additional 153 shares during the last quarter. Huntington National Bank bought a new position in Coca Cola Femsa during the 3rd quarter worth approximately $37,000. Farther Finance Advisors LLC increased its stake in shares of Coca Cola Femsa by 490.7% in the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock valued at $48,000 after acquiring an additional 422 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in shares of Coca Cola Femsa in the 3rd quarter valued at $49,000.

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.