WNY Asset Management LLC Takes $1.24 Million Position in Coca Cola Femsa S.A.B. de C.V. $KOF

WNY Asset Management LLC acquired a new position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,508 shares of the company’s stock, valued at approximately $1,242,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Caitlin John LLC purchased a new stake in Coca Cola Femsa during the 2nd quarter valued at about $72,000. Jefferies Financial Group Inc. purchased a new position in Coca Cola Femsa in the 2nd quarter worth approximately $3,458,000. Public Employees Retirement System of Ohio purchased a new position in Coca Cola Femsa in the 2nd quarter worth approximately $2,319,000. Proficio Capital Partners LLC bought a new stake in Coca Cola Femsa in the second quarter valued at approximately $747,000. Finally, Corient Private Wealth LP bought a new stake in Coca Cola Femsa in the second quarter valued at approximately $1,896,000.

Coca Cola Femsa Price Performance

KOF opened at $113.08 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 market capitalization of $190.05 billion, a PE ratio of 17.84, a price-to-earnings-growth ratio of 1.36 and a beta of 0.52. The stock’s 50 day moving average price is $107.61 and its 200-day moving average price is $105.67. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $80.22 and a 52-week high of $117.09.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The company 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%. On average, equities research 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 announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were given a $1.1248 dividend. The ex-dividend date of this dividend was Monday, July 13th. This represents a $4.50 annualized dividend and a dividend yield of 4.0%. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio is 61.99%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on KOF. HSBC restated a “hold” rating and issued a $116.00 target price on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Barclays upped 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. Wall Street Zen raised 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. raised their price target on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, UBS Group boosted their price objective 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. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Coca Cola Femsa currently has an average rating of “Hold” and a consensus price target 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.