ABC Arbitrage SA Grows Position in Coca Cola Femsa S.A.B. de C.V. $KOF

ABC Arbitrage SA raised its stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 112.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,386 shares of the company’s stock after purchasing an additional 5,493 shares during the quarter. ABC Arbitrage SA’s holdings in Coca Cola Femsa were worth $984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in KOF. Crossmark Global Holdings Inc. grew its holdings in shares of Coca Cola Femsa by 2.5% during the fourth quarter. Crossmark Global Holdings Inc. now owns 155,289 shares of the company’s stock valued at $14,707,000 after buying an additional 3,855 shares during the last quarter. Ethic Inc. increased its holdings in shares of Coca Cola Femsa by 8.9% in the fourth quarter. Ethic Inc. now owns 5,278 shares of the company’s stock valued at $500,000 after purchasing an additional 431 shares during the period. Ballentine Partners LLC acquired a new position in shares of Coca Cola Femsa in the fourth quarter valued at about $258,000. Sequoia Financial Advisors LLC raised its stake in shares of Coca Cola Femsa by 24.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 4,398 shares of the company’s stock worth $417,000 after purchasing an additional 867 shares during the last quarter. Finally, ABS Direct Equity Fund LLC raised its stake in shares of Coca Cola Femsa by 6.1% in the fourth quarter. ABS Direct Equity Fund LLC now owns 20,050 shares of the company’s stock worth $1,899,000 after purchasing an additional 1,150 shares during the last quarter.

Coca Cola Femsa Stock Down 0.7%

Shares of KOF opened at $105.05 on Tuesday. The company’s 50-day moving average price is $101.39 and its 200 day moving average price is $98.36. 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 S.A.B. de C.V. has a 12-month low of $80.22 and a 12-month high of $116.36. The firm has a market cap of $176.55 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 1.14 and a beta of 0.52.

Coca Cola Femsa (NYSE:KOF) last posted its earnings results on Tuesday, March 31st. The company reported $1.16 earnings per share 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 earnings per share for the current year.

Coca Cola Femsa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Monday, April 20th were paid a dividend of $1.0873 per share. This represents a $4.35 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend 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 is currently 66.67%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on KOF. Bank of America reiterated a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their price objective on Coca Cola Femsa from $100.00 to $110.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. The Goldman Sachs Group raised their price target on shares of Coca Cola Femsa from $97.00 to $111.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Finally, Bradesco Corretora upgraded 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 analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Coca Cola Femsa currently has an average rating of “Moderate Buy” and an average target price of $114.20.

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.