Banco BTG Pactual S.A. Acquires Shares of 21,279 Coca Cola Femsa S.A.B. de C.V. $KOF

Banco BTG Pactual S.A. acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 21,279 shares of the company’s stock, valued at approximately $2,015,000.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in Coca Cola Femsa by 7.0% during the third quarter. JPMorgan Chase & Co. now owns 225,626 shares of the company’s stock valued at $18,750,000 after purchasing an additional 14,687 shares during the last quarter. R Squared Ltd purchased a new stake in Coca Cola Femsa during the third quarter valued at about $464,000. Gradient Investments LLC lifted its holdings in Coca Cola Femsa by 51.5% during the fourth quarter. Gradient Investments LLC now owns 20,120 shares of the company’s stock valued at $1,906,000 after purchasing an additional 6,843 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new stake in shares of Coca Cola Femsa during the 3rd quarter valued at $706,000. Finally, ABC Arbitrage SA lifted its holdings in Coca Cola Femsa by 112.3% during the 4th quarter. ABC Arbitrage SA now owns 10,386 shares of the company’s stock worth $984,000 after purchasing an additional 5,493 shares in the last quarter.

Coca Cola Femsa Trading Up 2.8%

Shares of Coca Cola Femsa stock opened at $107.17 on Friday. 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 company has a market cap of $180.12 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.26 and a beta of 0.53. The company has a current ratio of 1.10, a quick ratio of 0.91 and a debt-to-equity ratio of 0.56. The company’s 50-day moving average price is $104.36 and its 200-day moving average price is $101.44.

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

Coca Cola Femsa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Investors 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. This represents a $4.35 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Monday, April 20th. Coca Cola Femsa’s payout ratio is 66.67%.

Analyst Ratings Changes

A number of analysts recently issued reports on KOF shares. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Bank of America reissued a “buy” rating on shares of Coca Cola Femsa in a report on Monday, March 2nd. Barclays increased their price target on shares of Coca Cola Femsa from $112.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. UBS Group downgraded shares of Coca Cola Femsa from a “buy” rating to a “hold” rating in a report on Thursday, March 12th. Finally, Wall Street Zen raised shares of Coca Cola Femsa from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $115.00.

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.