Sanctuary Advisors LLC Purchases Shares of 8,000 Coca Cola Femsa S.A.B. de C.V. $KOF

Sanctuary Advisors LLC purchased a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 8,000 shares of the company’s stock, valued at approximately $1,527,000.

Several other large investors have also made changes to their positions in the business. ABC Arbitrage SA increased its position in Coca Cola Femsa by 108.1% in the 1st quarter. ABC Arbitrage SA now owns 21,611 shares of the company’s stock worth $2,108,000 after buying an additional 11,225 shares during the period. Summit Global Investments acquired a new position in shares of Coca Cola Femsa during the second quarter worth approximately $4,921,000. Stack Financial Management Inc bought a new stake in shares of Coca Cola Femsa in the second quarter valued at approximately $26,079,000. Everett Harris & Co. CA bought a new stake in shares of Coca Cola Femsa in the second quarter valued at approximately $7,619,000. Finally, BlackRock Inc. acquired a new stake in shares of Coca Cola Femsa in the second quarter worth $1,017,381,000.

Coca Cola Femsa Stock Performance

KOF opened at $114.79 on Thursday. The stock’s 50 day simple moving average is $107.54 and its 200-day simple moving average is $105.65. 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 stock has a market cap of $192.92 billion, a PE ratio of 18.11, a P/E/G ratio of 1.39 and a beta of 0.52. Coca Cola Femsa S.A.B. de C.V. has a 1 year low of $80.22 and a 1 year high of $117.09.

Coca Cola Femsa (NYSE:KOF) last issued its earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The firm had revenue of $4.36 billion during the quarter. Sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were paid a $1.1248 dividend. The ex-dividend date was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a dividend yield of 3.9%. 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%.

Analyst Ratings Changes

KOF has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price 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. Barclays increased their price target on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. HSBC restated a “hold” rating and set a $116.00 price objective on shares of Coca Cola Femsa in a report on Tuesday, July 28th. 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. Finally, UBS Group increased their target price 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. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $118.83.

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.