UBS Group AG Buys 33,613 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

UBS Group AG grew its holdings in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 126,584 shares of the company’s stock after acquiring an additional 33,613 shares during the quarter. UBS Group AG’s holdings in Coca Cola Femsa were worth $11,989,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd boosted its position in shares of Coca Cola Femsa by 482.5% in the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 275 shares during the period. Huntington National Bank acquired a new position in Coca Cola Femsa during the third quarter worth about $37,000. Farther Finance Advisors LLC raised its stake in Coca Cola Femsa by 490.7% during the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock worth $48,000 after acquiring an additional 422 shares in the last quarter. Triumph Capital Management acquired a new position in Coca Cola Femsa during the third quarter worth about $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Coca Cola Femsa by 46.8% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 678 shares of the company’s stock worth $66,000 after acquiring an additional 216 shares in the last quarter.

Analyst Upgrades and Downgrades

KOF has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their target price on Coca Cola Femsa from $100.00 to $110.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Barclays boosted their target price 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. Bradesco Corretora raised Coca Cola Femsa to an “outperform” rating and set a $124.00 target price for the company in a research note on Wednesday, February 11th. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Finally, The Goldman Sachs Group boosted their target price on Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.20.

Coca Cola Femsa Stock Performance

Coca Cola Femsa stock opened at $104.33 on Friday. The business has a 50 day moving average of $101.11 and a 200-day moving average of $98.82. 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. 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 company has a market capitalization of $175.34 billion, a P/E ratio of 17.56, a P/E/G ratio of 1.13 and a beta of 0.52.

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

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Monday, April 20th were issued a $1.0873 dividend. The ex-dividend date was Monday, April 20th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.00. This represents a $4.35 dividend on an annualized basis and a yield of 4.2%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 66.50%.

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.