UBS Group AG Buys 33,613 Shares of Coca Cola Femsa S.A.B. de C.V. $KOF

UBS Group AG raised its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 36.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 126,584 shares of the company’s stock after purchasing an additional 33,613 shares during the period. UBS Group AG’s holdings in Coca Cola Femsa were worth $11,989,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased its position 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 valued at $28,000 after purchasing an additional 275 shares during the period. Huntington National Bank acquired a new stake in Coca Cola Femsa during the 3rd quarter valued at approximately $37,000. Farther Finance Advisors LLC increased its position in Coca Cola Femsa by 490.7% during the 4th quarter. Farther Finance Advisors LLC now owns 508 shares of the company’s stock valued at $48,000 after purchasing an additional 422 shares during the period. Triumph Capital Management acquired a new stake in Coca Cola Femsa during the 3rd quarter valued at approximately $49,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Coca Cola Femsa by 46.8% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 678 shares of the company’s stock valued at $66,000 after purchasing an additional 216 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KOF shares. 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 1st. Barclays increased their target price on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the company an “equal weight” rating in a research report on Monday, May 4th. The Goldman Sachs Group increased their target price on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Bradesco Corretora raised shares of Coca Cola Femsa to an “outperform” rating and set a $124.00 target price for the company in a research report on Wednesday, February 11th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $114.20.

Coca Cola Femsa Price Performance

Coca Cola Femsa stock opened at $104.33 on Friday. The stock has a market capitalization of $175.34 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.13 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 stock’s 50 day moving average price is $101.11 and its two-hundred day moving average price is $98.82. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.91 and a current ratio of 1.10.

Coca Cola Femsa (NYSE:KOF) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share (EPS) for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. On average, equities analysts predict that Coca Cola Femsa S.A.B. de C.V. will post 6.8 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Monday, April 20th were issued a dividend of $1.0873 per share. This represents a $4.35 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, April 20th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.00. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 66.50%.

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.