EP Wealth Advisors LLC Purchases New Holdings in Coca Cola Femsa S.A.B. de C.V. $KOF

EP Wealth Advisors LLC acquired a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 4,945 shares of the company’s stock, valued at approximately $944,000.

Several other large investors have also recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in shares of Coca Cola Femsa by 19.1% in the 4th quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock valued at $58,000 after buying an additional 99 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Coca Cola Femsa by 8.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company’s stock valued at $134,000 after acquiring an additional 101 shares during the period. Kathmere Capital Management LLC boosted its holdings in Coca Cola Femsa by 1.5% in the first quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company’s stock valued at $728,000 after acquiring an additional 112 shares during the last quarter. Vise Technologies Inc. boosted its holdings in Coca Cola Femsa by 0.6% in the fourth quarter. Vise Technologies Inc. now owns 23,877 shares of the company’s stock valued at $2,261,000 after acquiring an additional 150 shares during the last quarter. Finally, Vident Advisory LLC increased its position in Coca Cola Femsa by 2.4% in the fourth quarter. Vident Advisory LLC now owns 6,498 shares of the company’s stock worth $615,000 after purchasing an additional 152 shares during the period.

Coca Cola Femsa Stock Down 0.0%

Shares of KOF stock opened at $112.15 on Monday. 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 stock has a market cap of $188.49 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 1.33 and a beta of 0.52. The firm’s 50-day moving average is $107.05 and its 200-day moving average is $105.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share for the quarter. The firm had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%. Sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were given a dividend of $1.1248 per share. This represents a $4.50 annualized dividend and a yield of 4.0%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. Coca Cola Femsa’s dividend payout ratio (DPR) is 62.15%.

Analyst Ratings Changes

KOF has been the subject of several analyst reports. Wall Street Zen upgraded shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. upped their target price on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. 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 report on Monday, August 3rd. HSBC reaffirmed a “hold” rating and set a $116.00 price objective on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.