20,291 Shares in Coca Cola Femsa S.A.B. de C.V. $KOF Bought by Evolve Private Wealth LLC

Evolve Private Wealth LLC acquired a new stake in shares of Coca Cola Femsa S.A.B. de C.V. (NYSE:KOF) in the 2nd quarter, Holdings Channel reports. The firm acquired 20,291 shares of the company’s stock, valued at approximately $3,874,000.

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

Analyst Upgrades and Downgrades

KOF has been the subject of a number of recent research reports. Barclays lifted their target price on Coca Cola Femsa from $115.00 to $122.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their price target on Coca Cola Femsa from $114.00 to $127.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Coca Cola Femsa from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 8th. UBS Group boosted their price objective on shares of Coca Cola Femsa from $110.00 to $113.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Finally, HSBC restated a “hold” rating and issued a $116.00 target price on shares of Coca Cola Femsa in a report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Coca Cola Femsa presently has an average rating of “Hold” and a consensus price target of $118.83.

Coca Cola Femsa Stock Performance

KOF stock opened at $112.15 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.04 and a quick ratio of 0.87. The business has a 50-day moving average price of $107.05 and a 200 day moving average price of $105.48. The company has a market capitalization of $188.49 billion, a P/E ratio of 17.69, a PEG ratio of 1.33 and a beta of 0.52. Coca Cola Femsa S.A.B. de C.V. has a 1-year low of $80.22 and a 1-year high of $116.36.

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 net margin of 8.05% and a return on equity of 15.83%. The company had revenue of $4.36 billion during the quarter. As a group, equities research analysts forecast that Coca Cola Femsa S.A.B. de C.V. will post 6.93 EPS for the current fiscal year.

Coca Cola Femsa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Monday, July 13th were issued a dividend of $1.1248 per share. The ex-dividend date of this dividend was Monday, July 13th. This is a positive change from Coca Cola Femsa’s previous quarterly dividend of $1.09. This represents a $4.50 annualized dividend and a yield of 4.0%. Coca Cola Femsa’s dividend payout ratio is 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.