Mill Capital Management LLC Invests $2.73 Million in Coca Cola Femsa S.A.B. de C.V. $KOF

Mill Capital Management LLC bought a new position in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) during the second quarter, Holdings Channel reports. The firm bought 33,644 shares of the company’s stock, valued at approximately $2,734,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KOF. Boston Partners grew its position in Coca Cola Femsa by 1.9% during the fourth quarter. Boston Partners now owns 1,681,676 shares of the company’s stock valued at $159,287,000 after buying an additional 31,499 shares during the period. Bank of America Corp DE increased its holdings in Coca Cola Femsa by 87.4% during the second quarter. Bank of America Corp DE now owns 589,519 shares of the company’s stock worth $57,024,000 after buying an additional 274,894 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in Coca Cola Femsa by 0.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 496,822 shares of the company’s stock worth $48,465,000 after acquiring an additional 1,915 shares during the period. Invesco Ltd. raised its position in Coca Cola Femsa by 3.6% in the fourth quarter. Invesco Ltd. now owns 311,979 shares of the company’s stock worth $29,547,000 after acquiring an additional 10,713 shares during the period. Finally, Natixis Advisors LLC boosted its stake in Coca Cola Femsa by 4.1% in the fourth quarter. Natixis Advisors LLC now owns 189,510 shares of the company’s stock valued at $17,948,000 after acquiring an additional 7,549 shares during the last quarter.

Analysts Set New Price Targets

KOF has been the subject of a number of research reports. Weiss Ratings raised shares of Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. HSBC reaffirmed a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Wall Street Zen upgraded Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. UBS Group increased their price objective on Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Finally, Barclays increased their price objective on Coca Cola Femsa from $115.00 to $122.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Coca Cola Femsa currently has a consensus rating of “Hold” and a consensus price target of $118.83.

Coca Cola Femsa Trading Down 0.1%

Shares of Coca Cola Femsa stock opened at $108.69 on Friday. Coca Cola Femsa S.A.B. de C.V. has a 52-week low of $80.22 and a 52-week high of $116.36. The stock’s 50-day simple moving average is $106.50 and its 200 day simple moving average is $105.29. The stock has a market capitalization of $182.67 billion, a P/E ratio of 17.14, a P/E/G ratio of 1.33 and a beta of 0.52. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.87 and a current ratio of 1.04.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 EPS for the quarter. The business had revenue of $4.36 billion for the quarter. Coca Cola Femsa had a net margin of 8.05% and a return on equity of 15.83%. As a group, research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 6.75 EPS for the current year.

Coca Cola Femsa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Monday, July 13th were given a $1.1248 dividend. This represents a $4.50 annualized dividend and a dividend yield of 4.1%. This is an increase from Coca Cola Femsa’s previous quarterly dividend of $1.09. The ex-dividend date of this dividend was Monday, July 13th. Coca Cola Femsa’s payout ratio is presently 62.15%.

Coca Cola Femsa 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.