Opal Capital LLC Acquires Shares of 28,262 Coca Cola Femsa S.A.B. de C.V. $KOF

Opal Capital LLC acquired a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,262 shares of the company’s stock, valued at approximately $2,677,000.

A number of other institutional investors also recently bought and sold shares of KOF. Caitong International Asset Management Co. Ltd increased its stake in Coca Cola Femsa by 482.5% in the third 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. Smartleaf Asset Management LLC increased its stake in Coca Cola Femsa by 79.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after purchasing an additional 153 shares during the period. Huntington National Bank acquired a new position in Coca Cola Femsa in the third quarter valued at $37,000. Farther Finance Advisors LLC increased its stake in Coca Cola Femsa by 490.7% in the fourth 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. Finally, Triumph Capital Management acquired a new position in Coca Cola Femsa in the third quarter valued at $49,000.

Wall Street Analyst Weigh In

KOF has been the topic of a number of recent research reports. UBS Group lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a research note on Thursday, March 12th. JPMorgan Chase & Co. boosted their price target on shares of Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Barclays boosted their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Bank of America reiterated a “buy” rating on shares of Coca Cola Femsa in a research note on Monday, March 2nd. Finally, Weiss Ratings upgraded shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $115.00.

Coca Cola Femsa Stock Down 0.7%

KOF stock opened at $106.63 on Wednesday. The company has a market cap of $179.21 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.30 and a beta of 0.53. 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 company’s 50-day moving average price is $104.88 and its 200 day moving average price is $101.88. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56.

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

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Monday, April 20th were issued a dividend of $1.0873 per share. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.00. This represents a $4.35 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, April 20th. Coca Cola Femsa’s payout ratio is presently 66.67%.

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.