Everett Harris & Co. CA Invests $7.62 Million in Coca Cola Femsa S.A.B. de C.V. $KOF

Everett Harris & Co. CA purchased a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 93,744 shares of the company’s stock, valued at approximately $7,619,000.

Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in Coca Cola Femsa by 19.1% in the fourth quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock worth $58,000 after purchasing an additional 99 shares during the period. EverSource Wealth Advisors LLC lifted its position in Coca Cola Femsa by 8.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,371 shares of the company’s stock valued at $134,000 after purchasing an additional 101 shares during the period. Kathmere Capital Management LLC lifted its position in Coca Cola Femsa by 1.5% during the 1st quarter. Kathmere Capital Management LLC now owns 7,459 shares of the company’s stock valued at $728,000 after purchasing an additional 112 shares during the period. Vise Technologies Inc. boosted its stake in shares of Coca Cola Femsa by 0.6% in the 4th quarter. Vise Technologies Inc. now owns 23,877 shares of the company’s stock valued at $2,261,000 after purchasing an additional 150 shares during the last quarter. Finally, Vident Advisory LLC boosted its stake in shares of Coca Cola Femsa by 2.4% in the 4th quarter. Vident Advisory LLC now owns 6,498 shares of the company’s stock valued at $615,000 after purchasing an additional 152 shares during the last quarter.

Coca Cola Femsa Price Performance

Shares of KOF opened at $108.69 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04. The stock has a 50 day simple moving average of $106.50 and a 200 day simple moving average of $105.29. 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 market capitalization of $182.67 billion, a PE ratio of 17.14, a P/E/G ratio of 1.33 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last announced its earnings results on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. The business 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 6.75 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were paid a dividend of $1.1248 per share. The ex-dividend date of this dividend was Monday, July 13th. This represents a $4.50 annualized dividend and a dividend yield of 4.1%. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio (DPR) is 62.15%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KOF. HSBC reiterated a “hold” rating and set a $116.00 price target on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. JPMorgan Chase & Co. raised their price objective on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. UBS Group upped 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 report on Monday, August 3rd. Finally, Barclays increased their price target 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company 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.