Phillips Financial Management LLC Takes $381,000 Position in Coca Cola Femsa S.A.B. de C.V. $KOF

Phillips Financial Management LLC purchased a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the second quarter, HoldingsChannel reports. The institutional investor purchased 4,686 shares of the company’s stock, valued at approximately $381,000.

Other hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its position in Coca Cola Femsa by 482.5% during the third quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock worth $28,000 after buying an additional 275 shares during the period. Smartleaf Asset Management LLC grew its holdings in Coca Cola Femsa by 79.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 346 shares of the company’s stock valued at $33,000 after buying an additional 153 shares during the period. Whipplewood Advisors LLC increased its stake in shares of Coca Cola Femsa by 862.2% during the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock valued at $42,000 after acquiring an additional 388 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of 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 acquiring an additional 422 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Coca Cola Femsa by 138.9% during the 4th quarter. Global Retirement Partners LLC now owns 516 shares of the company’s stock worth $49,000 after acquiring an additional 300 shares during the period.

Wall Street Analysts Forecast Growth

KOF has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. Weiss Ratings upgraded Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. JPMorgan Chase & Co. increased their target price on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Finally, UBS Group lifted their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $118.83.

Coca Cola Femsa Price Performance

Shares of KOF stock opened at $108.69 on Friday. The company has a market capitalization of $182.67 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.52. The firm has a fifty day simple moving average of $106.50 and a 200-day simple moving average of $105.29. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $80.22 and a twelve month high of $116.36.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The firm 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%. Equities research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 6.75 earnings per share for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Monday, July 13th were issued a dividend of $1.1248 per share. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.1%. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Monday, July 13th. Coca Cola Femsa’s dividend payout ratio is currently 62.15%.

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.