X Square Capital LLC Takes Position in Coca Cola Femsa S.A.B. de C.V. $KOF

X Square Capital LLC bought a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,215 shares of the company’s stock, valued at approximately $1,346,000.

Several other hedge funds have also recently made changes to their positions in the business. Bank of America Corp DE increased its stake in shares of Coca Cola Femsa by 87.4% during the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock valued at $57,024,000 after buying an additional 274,894 shares during the period. Invesco Ltd. increased its stake in shares of Coca Cola Femsa by 34.6% during the third quarter. Invesco Ltd. now owns 301,266 shares of the company’s stock valued at $25,035,000 after buying an additional 77,475 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Coca Cola Femsa by 7.0% during the third quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after buying an additional 14,687 shares during the period. Natixis Advisors LLC grew its stake in Coca Cola Femsa by 4.1% in the fourth quarter. Natixis Advisors LLC now owns 189,510 shares of the company’s stock worth $17,948,000 after purchasing an additional 7,549 shares during the period. Finally, Crossmark Global Holdings Inc. grew its stake in Coca Cola Femsa by 2.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 155,289 shares of the company’s stock worth $14,707,000 after purchasing an additional 3,855 shares during the period.

Coca Cola Femsa Stock Down 1.5%

KOF stock opened at $104.88 on Tuesday. Coca Cola Femsa S.A.B. de C.V. has a fifty-two week low of $80.22 and a fifty-two week high of $116.36. The business’s 50-day moving average is $103.83 and its two-hundred day moving average is $101.07. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10. The company has a market cap of $176.28 billion, a price-to-earnings ratio of 17.66, a P/E/G ratio of 1.29 and a beta of 0.53.

Coca Cola Femsa (NYSE:KOF) last posted its earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. As a group, analysts forecast 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 declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Monday, April 20th were given 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 4.1%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 66.67%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KOF shares. Barclays upped their price target 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. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Bradesco Corretora raised Coca Cola Femsa to an “outperform” rating and set a $124.00 target price on the stock in a report on Wednesday, February 11th. Finally, Wall Street Zen raised Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

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.