LM Advisors LLC Takes $852,000 Position in Coca Cola Femsa S.A.B. de C.V. $KOF

LM Advisors LLC acquired a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the second quarter, Holdings Channel reports. The institutional investor acquired 10,477 shares of the company’s stock, valued at approximately $852,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KOF. Paladin Partners LLC acquired a new stake in Coca Cola Femsa in the second quarter valued at approximately $25,000. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 increased its stake in shares of 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. Northwestern Mutual Wealth Management Co. bought a new position in shares of Coca Cola Femsa during the 2nd quarter valued at $36,000. Finally, Whipplewood Advisors LLC raised its holdings in shares of Coca Cola Femsa by 862.2% during the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock valued at $42,000 after purchasing an additional 388 shares in the last quarter.

Coca Cola Femsa Price Performance

NYSE KOF opened at $112.15 on Friday. 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 fifty day simple moving average of $107.05 and a 200 day simple moving average of $105.48. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The company has a market cap of $188.49 billion, a P/E ratio of 17.69, a P/E/G ratio of 1.33 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last announced its earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The firm had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. On average, sell-side analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.93 EPS for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were given a $1.1248 dividend. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, July 13th. Coca Cola Femsa’s dividend payout ratio (DPR) is 62.15%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KOF. Wall Street Zen upgraded shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. HSBC reaffirmed a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. JPMorgan Chase & Co. increased their price objective on Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Barclays raised their price objective on Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Finally, UBS Group boosted their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $118.83.

Coca Cola Femsa 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.