Freestone Grove Partners LP Acquires New Holdings in Coca Cola Femsa S.A.B. de C.V. $KOF

Freestone Grove Partners LP bought a new stake in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the second quarter, Holdings Channel.com reports. The firm bought 4,725 shares of the company’s stock, valued at approximately $902,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Paladin Partners LLC acquired a new position in shares of Coca Cola Femsa during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Coca Cola Femsa by 482.5% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 332 shares of the company’s stock valued at $28,000 after acquiring an additional 275 shares during the last quarter. Smartleaf Asset Management LLC boosted 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 valued at $33,000 after acquiring an additional 153 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Coca Cola Femsa during the 2nd quarter valued at $36,000. Finally, Whipplewood Advisors LLC grew its position in Coca Cola Femsa by 862.2% during the 1st quarter. Whipplewood Advisors LLC now owns 433 shares of the company’s stock worth $42,000 after acquiring an additional 388 shares during the last quarter.

Coca Cola Femsa Stock Performance

NYSE KOF opened at $112.66 on Friday. The company has a market capitalization of $189.34 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.32 and a beta of 0.52. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $80.22 and a twelve month high of $117.09. The stock has a fifty day simple moving average of $107.68 and a 200 day simple moving average of $105.72. The company has a quick ratio of 0.87, a current ratio of 1.04 and a debt-to-equity ratio of 0.48.

Coca Cola Femsa (NYSE:KOF) last announced its earnings results on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. Coca Cola Femsa had a return on equity of 15.83% and a net margin of 8.05%.The firm had revenue of $4.36 billion for the quarter. Sell-side analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 7.03 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were given a dividend of $1.1248 per share. This represents a $4.50 dividend on an annualized basis and a dividend yield of 4.0%. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date was Monday, July 13th. Coca Cola Femsa’s dividend payout ratio is 62.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. upped their target price on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. HSBC reissued a “hold” rating and set a $116.00 price target on shares of Coca Cola Femsa in a research note on Tuesday, July 28th. Weiss Ratings restated a “buy (b)” rating on shares of Coca Cola Femsa in a report on Wednesday. Barclays upped their price objective on Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Finally, UBS Group raised their price objective on shares of 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 given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $118.83.

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.