Coca Cola Femsa S.A.B. de C.V. (KOF) To Go Ex-Dividend on October 9th

Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) announced a quarterly dividend on Tuesday, September 29th. Investors of record on Friday, October 9th will be given a dividend of $1.0838 per share on Friday, October 23rd. This represents a $4.34 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, October 9th. This is a 3.6% decrease from Coca Cola Femsa’s previous quarterly dividend of $1.1248.

Coca Cola Femsa has increased its dividend by an average of 0.1%per year over the last three years. Coca Cola Femsa has a dividend payout ratio of 53.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Coca Cola Femsa to earn $7.72 per share next year, which means the company should continue to be able to cover its $3.93 annual dividend with an expected future payout ratio of 50.9%.

Coca Cola Femsa Stock Down 0.4%

Shares of NYSE:KOF opened at $108.03 on Thursday. The firm has a market cap of $181.56 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.47 and a beta of 0.52. 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 has a 12-month low of $80.22 and a 12-month high of $117.09. The business has a fifty day simple moving average of $110.27 and a 200 day simple moving average of $105.97.

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. Analysts predict that Coca Cola Femsa will post 6.98 earnings per share for the current year.

Hedge Funds Weigh In On Coca Cola Femsa

Institutional investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. boosted its holdings in shares of Coca Cola Femsa by 8.8% during the 2nd quarter. QRG Capital Management Inc. now owns 4,950 shares of the company’s stock worth $526,000 after buying an additional 399 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of Coca Cola Femsa during the 2nd quarter valued at $235,000. Public Employees Retirement System of Ohio bought a new position in Coca Cola Femsa during the second quarter worth $2,319,000. BIP Wealth LLC bought a new position in Coca Cola Femsa during the second quarter worth $6,129,000. Finally, Phillips Financial Management LLC bought a new position in Coca Cola Femsa during the second quarter worth $381,000.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V. (NYSE: KOF) is the world’s largest franchise bottler of Coca-Cola products by sales volume. The company produces, distributes, markets and sells beverages under The Coca-Cola Company’s trademark brands, along with a portfolio of other beverages tailored to local markets.

Its products include sparkling soft drinks such as Coca-Cola, Sprite and Fanta, as well as bottled water, juices, sports drinks, energy beverages and other non-alcoholic drinks. Coca-Cola FEMSA serves customers through a broad distribution network that includes retailers, restaurants, food-service businesses and other commercial channels.

The company is headquartered in Mexico and is part of FEMSA, a Latin American beverage and retail group.