Mirae Asset Global Investments Co. Ltd. Has $493,000 Holdings in Coca Cola Femsa S.A.B. de C.V. $KOF

Mirae Asset Global Investments Co. Ltd. boosted its position in Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) by 13.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,099 shares of the company’s stock after buying an additional 599 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Coca Cola Femsa were worth $493,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of KOF. GAMMA Investing LLC grew its stake in Coca Cola Femsa by 936.0% in the 1st quarter. GAMMA Investing LLC now owns 5,843 shares of the company’s stock valued at $533,000 after buying an additional 5,279 shares during the last quarter. D Orazio & Associates Inc. acquired a new position in Coca Cola Femsa in the 1st quarter valued at $238,000. Cornerstone Wealth Management LLC grew its stake in Coca Cola Femsa by 9.7% in the 1st quarter. Cornerstone Wealth Management LLC now owns 3,531 shares of the company’s stock valued at $322,000 after buying an additional 312 shares during the last quarter. ORG Wealth Partners LLC grew its stake in Coca Cola Femsa by 36.3% in the 1st quarter. ORG Wealth Partners LLC now owns 992 shares of the company’s stock valued at $93,000 after buying an additional 264 shares during the last quarter. Finally, GHP Investment Advisors Inc. acquired a new position in Coca Cola Femsa in the 1st quarter valued at $83,000.

Analysts Set New Price Targets

A number of research firms recently issued reports on KOF. JPMorgan Chase & Co. lowered their target price on shares of Coca Cola Femsa from $110.00 to $105.00 and set a “neutral” rating on the stock in a research note on Monday, September 15th. UBS Group raised their price target on shares of Coca Cola Femsa from $109.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Zacks Research lowered shares of Coca Cola Femsa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 24th. Barclays set a $100.00 price target on shares of Coca Cola Femsa and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Weiss Ratings lowered shares of Coca Cola Femsa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Coca Cola Femsa presently has an average rating of “Hold” and a consensus price target of $105.00.

Coca Cola Femsa Price Performance

Shares of Coca Cola Femsa stock opened at $82.41 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.90 and a current ratio of 1.12. The firm’s 50-day simple moving average is $84.28 and its 200-day simple moving average is $90.21. Coca Cola Femsa S.A.B. de C.V. has a twelve month low of $72.68 and a twelve month high of $101.74. The firm has a market cap of $138.50 billion, a P/E ratio of 14.43, a price-to-earnings-growth ratio of 1.06 and a beta of 0.62.

Coca Cola Femsa (NYSE:KOF) last issued its earnings results on Wednesday, July 23rd. The company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.52 by ($0.22). Coca Cola Femsa had a net margin of 8.19% and a return on equity of 15.81%. The business had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.89 billion. As a group, research analysts expect that Coca Cola Femsa S.A.B. de C.V. will post 5.7 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, October 14th will be given a dividend of $1.0006 per share. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $0.87. The ex-dividend date is Tuesday, October 14th. This represents a $4.00 annualized dividend and a dividend yield of 4.9%. Coca Cola Femsa’s dividend payout ratio (DPR) is presently 60.42%.

About Coca Cola Femsa

Coca-Cola FEMSA, SAB. de C.V., a franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay. The company offers sparkling beverages, including colas and flavored sparkling beverages; waters; other non-carbonated beverages comprising juice drinks, coffee, teas, milk, value-added dairy products, sports and energy drinks, and plant-based drinks; and alcoholic beverages, such as hard seltzer under the Topo Chico brand name.