Y Intercept Hong Kong Ltd Makes New Investment in Coca Cola Femsa S.A.B. de C.V. $KOF

Y Intercept Hong Kong Ltd acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,009 shares of the company’s stock, valued at approximately $3,122,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KOF. Parallel Advisors LLC increased its holdings in shares of Coca Cola Femsa by 19.1% in the fourth quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock valued at $58,000 after purchasing an additional 99 shares during the period. Signaturefd LLC increased its stake in shares of Coca Cola Femsa by 22.7% in the fourth quarter. Signaturefd LLC now owns 708 shares of the company’s stock worth $67,000 after acquiring an additional 131 shares during the period. Vise Technologies Inc. increased its position in shares of 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 buying an additional 150 shares in the last quarter. Vident Advisory LLC lifted its stake in shares of 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 buying an additional 152 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Coca Cola Femsa by 79.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock worth $33,000 after acquiring an additional 153 shares during the period.

Analysts Set New Price Targets

A number of research firms have issued reports on KOF. UBS Group lowered shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. 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 report on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. 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 equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Coca Cola Femsa presently has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.

Coca Cola Femsa Stock Performance

Shares of NYSE KOF traded down $0.95 during mid-day trading on Tuesday, hitting $107.13. 12,049 shares of the company were exchanged, compared to its average volume of 175,631. The stock has a 50 day simple moving average of $106.16 and a 200-day simple moving average of $103.49. Coca Cola Femsa S.A.B. de C.V. has a 1-year low of $80.22 and a 1-year high of $116.36. The company has a quick ratio of 0.91, a current ratio of 1.10 and a debt-to-equity ratio of 0.56. The firm has a market cap of $180.06 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 1.30 and a beta of 0.53.

Coca Cola Femsa (NYSE:KOF) last announced 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, sell-side analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.8 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Monday, July 13th will be paid a dividend of $1.1248 per share. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend is Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.2%. Coca Cola Femsa’s dividend payout ratio (DPR) is currently 66.67%.

Coca Cola Femsa 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.