Phillips Financial Management LLC Invests $381,000 in Coca Cola Femsa S.A.B. de C.V. $KOF

Phillips Financial Management LLC acquired a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,686 shares of the company’s stock, valued at approximately $381,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KOF. Caitong International Asset Management Co. Ltd raised its stake in 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 acquiring an additional 275 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Coca Cola Femsa by 79.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after acquiring an additional 153 shares during the last quarter. Whipplewood Advisors LLC lifted its position in Coca Cola Femsa by 862.2% in the first quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock valued at $42,000 after acquiring an additional 388 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Coca Cola Femsa by 490.7% in the fourth quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock valued at $48,000 after acquiring an additional 422 shares in the last quarter. Finally, Global Retirement Partners LLC boosted its stake in Coca Cola Femsa by 138.9% in the fourth quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock valued at $49,000 after acquiring an additional 300 shares in the last quarter.

Analysts Set New Price Targets

KOF has been the topic of a number of research analyst reports. Wall Street Zen upgraded Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. HSBC reissued a “hold” rating and issued a $116.00 target price on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. UBS Group raised their price target on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Finally, Barclays boosted 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. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $118.83.

Coca Cola Femsa Trading Down 0.1%

NYSE KOF opened at $108.69 on Friday. The stock has a market capitalization of $182.67 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.33 and a beta of 0.52. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $80.22 and a 52-week high of $116.36. The firm has a 50-day moving average price of $106.50 and a 200 day moving average price of $105.29. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The business had revenue of $4.36 billion during the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. Equities research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.75 EPS for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were paid a $1.1248 dividend. This represents a $4.50 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio is currently 62.15%.

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.