Plan Group Financial LLC Purchases New Shares in Coca Cola Femsa S.A.B. de C.V. $KOF

Plan Group Financial LLC acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,831 shares of the company’s stock, valued at approximately $393,000.

A number of other institutional investors and hedge funds have also made changes to their positions in KOF. NewEdge Advisors LLC grew its stake in shares of Coca Cola Femsa by 230,700.0% in the 1st quarter. NewEdge Advisors LLC now owns 2,308 shares of the company’s stock worth $211,000 after buying an additional 2,307 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Coca Cola Femsa by 211.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,936 shares of the company’s stock valued at $451,000 after buying an additional 3,351 shares in the last quarter. CW Advisors LLC purchased a new stake in shares of Coca Cola Femsa during the 2nd quarter valued at about $260,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Coca Cola Femsa by 186.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 923 shares of the company’s stock valued at $89,000 after acquiring an additional 601 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Coca Cola Femsa by 11.9% in the 2nd quarter. Qube Research & Technologies Ltd now owns 121,761 shares of the company’s stock valued at $11,778,000 after acquiring an additional 12,979 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. HSBC reiterated a “hold” rating and issued a $116.00 price target on shares of Coca Cola Femsa in a research report on Tuesday, July 28th. Weiss Ratings raised Coca Cola Femsa from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. lifted their target price on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. UBS Group lifted their target price on Coca Cola Femsa from $110.00 to $113.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Finally, Wall Street Zen raised Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 8th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $118.83.

Coca Cola Femsa Price Performance

KOF opened at $108.69 on Friday. The company has a market capitalization of $182.67 billion, a price-to-earnings ratio of 17.14, a PEG ratio of 1.33 and a beta of 0.52. The company has a current ratio of 1.04, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. 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 business’s fifty day simple moving average is $106.50 and its 200-day simple moving average is $105.29.

Coca Cola Femsa (NYSE:KOF) last released its quarterly earnings data on Wednesday, July 1st. The company reported $1.69 earnings per share 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 during the quarter. On average, equities research analysts anticipate that Coca Cola Femsa S.A.B. de C.V. will post 6.75 earnings per share for the current fiscal 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%. The ex-dividend date of this dividend was Monday, July 13th. This is a boost from Coca Cola Femsa’s previous quarterly dividend of $1.09. Coca Cola Femsa’s dividend payout ratio is currently 62.15%.

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.