X Square Capital LLC Takes Position in Coca Cola Femsa S.A.B. de C.V. $KOF

X Square Capital LLC purchased a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 14,215 shares of the company’s stock, valued at approximately $1,346,000.

A number of other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC lifted its position in Coca Cola Femsa by 19.1% in the 4th quarter. Parallel Advisors LLC now owns 616 shares of the company’s stock worth $58,000 after buying an additional 99 shares during the last quarter. Signaturefd LLC lifted its position in Coca Cola Femsa by 22.7% in the 4th quarter. Signaturefd LLC now owns 708 shares of the company’s stock worth $67,000 after buying an additional 131 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Coca Cola Femsa by 14.6% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,058 shares of the company’s stock worth $88,000 after buying an additional 135 shares during the last quarter. Vise Technologies Inc. lifted its position in Coca Cola Femsa by 0.6% in the 4th quarter. Vise Technologies Inc. now owns 23,877 shares of the company’s stock worth $2,261,000 after buying an additional 150 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Coca Cola Femsa by 9.1% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,009 shares of the company’s stock worth $169,000 after buying an additional 168 shares during the last quarter.

Coca Cola Femsa Price Performance

Shares of Coca Cola Femsa stock opened at $104.88 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.10 and a quick ratio of 0.91. The business’s 50 day simple moving average is $103.83 and its two-hundred day simple moving average is $101.07. The stock has a market capitalization of $176.28 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.29 and a beta of 0.53. Coca Cola Femsa S.A.B. de C.V. has a one year low of $80.22 and a one year high of $116.36.

Coca Cola Femsa (NYSE:KOF) last announced its quarterly earnings results on Tuesday, March 31st. The company reported $1.16 EPS for the quarter. Coca Cola Femsa had a return on equity of 15.40% and a net margin of 7.84%. Analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.8 EPS for the current year.

Coca Cola Femsa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Monday, April 20th were paid a $1.0873 dividend. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, April 20th. This represents a $4.35 dividend on an annualized basis and a yield of 4.1%. Coca Cola Femsa’s payout ratio is presently 66.67%.

Wall Street Analyst Weigh In

KOF has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on Coca Cola Femsa from $97.00 to $111.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. UBS Group downgraded Coca Cola Femsa from a “buy” rating to a “hold” rating in a research report on Thursday, March 12th. JPMorgan Chase & Co. boosted their target price on Coca Cola Femsa from $110.00 to $114.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Bank of America restated a “buy” rating on shares of Coca Cola Femsa in a research report on Monday, March 2nd. Finally, Bradesco Corretora raised Coca Cola Femsa to an “outperform” rating and set a $124.00 price target on the stock in a research note on Wednesday, February 11th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $115.00.

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.