Stack Financial Management Inc Purchases Shares of 320,898 Coca Cola Femsa S.A.B. de C.V. $KOF

Stack Financial Management Inc acquired a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 320,898 shares of the company’s stock, valued at approximately $26,079,000. Coca Cola Femsa accounts for 2.0% of Stack Financial Management Inc’s holdings, making the stock its 17th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in shares of Coca Cola Femsa during the second quarter worth approximately $1,653,000. Bryn Mawr Trust Advisors LLC purchased a new position in Coca Cola Femsa in the second quarter worth approximately $12,512,000. Mill Capital Management LLC acquired a new position in Coca Cola Femsa during the 2nd quarter worth approximately $2,734,000. Plan Group Financial LLC acquired a new position in Coca Cola Femsa during the 2nd quarter worth approximately $393,000. Finally, Laraway Financial Advisors Inc acquired a new position in Coca Cola Femsa during the 2nd quarter worth approximately $648,000.

Coca Cola Femsa Stock Performance

NYSE KOF opened at $108.69 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87. 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 market capitalization of $182.67 billion, a PE ratio of 17.14, a P/E/G ratio of 1.33 and a beta of 0.52. The company has a fifty day moving average of $106.50 and a two-hundred day moving average of $105.29.

Coca Cola Femsa (NYSE:KOF) last issued its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share (EPS) for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The company had revenue of $4.36 billion for the quarter. As a group, analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 6.75 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were paid a dividend of $1.1248 per share. The ex-dividend date was Monday, July 13th. This represents a $4.50 dividend on an annualized basis and a yield of 4.1%. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio (DPR) is 62.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on KOF shares. Wall Street Zen upgraded shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. HSBC restated a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Finally, UBS Group lifted their price target on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Coca Cola Femsa has a consensus rating of “Hold” and a consensus target price of $118.83.

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.