Ieq Capital LLC Purchases Shares of 33,339 Coca Cola Femsa S.A.B. de C.V. $KOF

Ieq Capital LLC purchased a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,339 shares of the company’s stock, valued at approximately $6,365,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. ABC Arbitrage SA lifted its stake in Coca Cola Femsa by 108.1% in the 1st quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock valued at $2,108,000 after acquiring an additional 11,225 shares in the last quarter. Summit Global Investments bought a new position in shares of Coca Cola Femsa during the 2nd quarter worth approximately $4,921,000. Stack Financial Management Inc bought a new position in shares of Coca Cola Femsa during the 2nd quarter worth approximately $26,079,000. Everett Harris & Co. CA acquired a new stake in shares of Coca Cola Femsa in the second quarter valued at approximately $7,619,000. Finally, Alberta Investment Management Corp acquired a new stake in shares of Coca Cola Femsa in the second quarter valued at approximately $9,813,000.

Coca Cola Femsa Trading Down 0.0%

KOF stock opened at $112.15 on Monday. 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 company has a fifty day moving average price of $107.05 and a two-hundred day moving average price of $105.48. Coca Cola Femsa S.A.B. de C.V. has a one year low of $80.22 and a one year high of $116.36. The stock has a market cap of $188.49 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The company 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%. Equities analysts anticipate 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 business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were paid a $1.1248 dividend. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a yield of 4.0%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 62.15%.

Wall Street Analyst Weigh In

KOF has been the topic of a number of research reports. Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. UBS Group lifted their price target 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. 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. JPMorgan Chase & Co. boosted their price target on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, HSBC restated a “hold” rating and set a $116.00 price objective on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $118.83.

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.