Opal Capital LLC Purchases Shares of 28,262 Coca Cola Femsa S.A.B. de C.V. $KOF

Opal Capital LLC purchased a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 28,262 shares of the company’s stock, valued at approximately $2,677,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KOF. NewEdge Advisors LLC boosted its position in Coca Cola Femsa by 230,700.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock valued at $211,000 after buying an additional 2,307 shares during the period. Jones Financial Companies Lllp boosted its position in Coca Cola Femsa by 211.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after buying an additional 3,351 shares during the period. CW Advisors LLC purchased a new position in Coca Cola Femsa in the 2nd quarter valued at approximately $260,000. EverSource Wealth Advisors LLC boosted its position in Coca Cola Femsa by 186.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock valued at $89,000 after buying an additional 601 shares during the period. Finally, Qube Research & Technologies Ltd boosted its position in Coca Cola Femsa by 11.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock valued at $11,778,000 after buying an additional 12,979 shares during the period.

Coca Cola Femsa Price Performance

Shares of KOF opened at $106.63 on Wednesday. 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 stock has a market cap of $179.21 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.30 and a beta of 0.53. 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 firm has a fifty day moving average price of $104.88 and a 200 day moving average price of $101.88.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share for the quarter. Coca Cola Femsa had a net margin of 7.84% and a return on equity of 15.40%. As a group, sell-side analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 6.8 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Monday, April 20th were given a $1.0873 dividend. This represents a $4.35 dividend on an annualized basis and a yield of 4.1%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, April 20th. Coca Cola Femsa’s dividend payout ratio is presently 66.67%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on KOF shares. JPMorgan Chase & Co. raised their price target on shares of Coca Cola Femsa from $110.00 to $114.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. UBS Group cut shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. Bank of America reaffirmed a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Barclays lifted their price objective on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Finally, 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. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Coca Cola Femsa currently 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.